Some one earlier posted this then it turned into a debate about Winchester bushel.
Ok so if we base all contracts off the Min wheat and one has a open contract with a Basis lets say 1.00 (this is a example not me)
6.38 .1.00 that's 5.38 but with the exchange it should be 6.00 a bushel they pay us.
Again a contract that's all for the grain companies and nothing for the farmer.
GREAT just fricking great.
Ok so if we base all contracts off the Min wheat and one has a open contract with a Basis lets say 1.00 (this is a example not me)
6.38 .1.00 that's 5.38 but with the exchange it should be 6.00 a bushel they pay us.
Again a contract that's all for the grain companies and nothing for the farmer.
GREAT just fricking great.