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Iowa basis map
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PRNDL
Posted 8/12/2010 16:46 (#1312351)
Subject: Iowa basis map


Texas & western Iowa
Thought some of you might find this interesting.
http://www.card.iastate.edu/ag_risk_tools/basis_maps/

I don't understand why there is such a difference across the state. I've heard it said that basis reflects transportation costs, but I've also heard local supply and demand would affect basis.
Any thoughts?

Thanks
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