Corn and Soybean markets are all based on the Chicago Board of Trade (CBOT). Local Elevators need to adjust the price for handling and transportion charges. This adjustment is refered to as basis.
Basis changes throughout the year as the local need for grain changes. Right now the basis is at about it's widest as harvest is getting into full swing. Couple months ago in Fixerupper's and my area (we are about 15 miles apart) the basis was negative. This was due to the reasons Fixerupper already has explained. BTW we are on the far side of Iowa from Chigago.
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Today's Featured Article - The Nuts and Bolts of Fasteners - Part 2 - by Curtis Von Fange. In our previous article we discussed capscrews, bolts, and nuts along with their relative hardness and thread sizes. In this segment we will finish up on our fasteners and then work with ways to keep them from loosening up in the field. Capscrews, bolts and nuts are not the only means of holding two parts together. When dealing with thinner metals like sheet tin, a long bolt and
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