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In US commodity marketing lingo, "basis" is what they call the difference between the Chicago cash price and the price paid directly to a farmer at a local elevator. In general, basis accounts for the costs of transportation to the final terminal at, say, New Orleans. For example, if the Chicago cash price is $8.39 per bushel, and some elevators in central Iowa are offering to buy corn from farmers at $8.02 per bushel, then the basis is $0.37 (37 cents) per bushel. This is the amount the elevators must keep to cover their costs of loading and transporting the grain.
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Corn and wheat is in what market?
The Grain Market.
What is the basis of a market economy?
Supply And Demand is the basis of most activity in a market economy.
What is corn cob art?
art involving corn cobs used as sculputers or a basis for a painiting
What crop was the basis for a diet of a poor farmer?
corn
What 3 parts of the corn kernel are the basis for all corn products?
Corn Gluten is used primarily in Feed products. Corn Germ is used in making corn oil. Corn Starch is used in making Corn Syrup.
Which crop was the basis for the diet of very poor farmers?
corn
Does Campbell still market corn soup?
No.
Is corn farming a perfectly competitive market?
No because various governments especially the US give farmers money to when they grow corn on top of the market price. They also put taxes on imported corn greater than those on domestically grown corn. This gives an unfair advantage in the market for US corn.
What are six business markets?
Business markets are classified under various forms: 1.On the basis of competition: Perfect competition,monopoly,monopolistic,oligopoly,duopoly,moopsony. 2.on the basis of area: local,provincial,national,international market 3.On the basis of time: very short period,short period,long period market 4. On the basis of quantity: wholesale and retail market 5. On the basis of legality: open and black market 6.On the basis of goods: commodity and factor market
What is wet corn?
Wet corn is winter corn with a high moisture content,releasing large amounts can drive down pricing on the market when the price of corn is to high.
What units is corn sold?
In the US, corn is typically sold by the bushel. Fresh market sweet corn, though, is usually sold by the ear.
What is the currnt market price for what farmers get for a bushel of corn?
As of September 6, 2009 corn is $3.06/bushel!
