Basis used to be what it what it would cost to handle the grain and get it to the river. Yep it flucuates always has and always will. Many Many factors involved but all comes down to supply and demand in the local market.
at one time and to a lesser extent now feed use plays a role, Ethanol and bio diesal now have a major influence.
One thing you can usually count on is the basis will spread at harvest time. Lots of supply and the demand is always steady.
Clear as mud isn't it.
BTW if you figure out how the markets work and can predict them accuratly forget farming cept for play time and play the board. Much easier money if you know what it is gonna do. LOL
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Today's Featured Article - Earthmaster Project Progress Just a little update on my Earthmaster......it's back from the dead! I pulled the head, and soaked the stuck valves with mystery oil overnight, re-installed the head, and bingo, the compression returned. But alas, my carb foiled me again, it would fire a second then flood out. After numerous dead ends for a replacement carb, I went to work fixing mine.I soldered new floats on the float arm, they came from an old motorcycle carb, replaced the packing on the throttle shaft with o-rings, cut new ga
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