1. 300 usd per tonne is 10.25 cdn per bushel.
2. Currently the bid in mid point sask is 5.75 per bushel cdn.
3. Just call the basis a minus 1.60 a bushel. It is.
4. What risk are you taking at buying at 5.75 and selling for 10.25?
when you start delivering grain as a profession you might notice you pick up a grain check and the grain isn't in a rail car but it's deducted. Too me that prepaid freight. Get it. They don't send me an invoice after the grain to vancouver.
What components make up the basis? Freight elevation inspection?
2. Currently the bid in mid point sask is 5.75 per bushel cdn.
3. Just call the basis a minus 1.60 a bushel. It is.
4. What risk are you taking at buying at 5.75 and selling for 10.25?
when you start delivering grain as a profession you might notice you pick up a grain check and the grain isn't in a rail car but it's deducted. Too me that prepaid freight. Get it. They don't send me an invoice after the grain to vancouver.
What components make up the basis? Freight elevation inspection?
Comment