A soybean producer is attending a class on soybeans in the futures market at the Vocational Agriculture department. He hears the term "basis" in the discussion. "Basis@ is
Answer: the difference between the local cash price and the futures price
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Business Management
A soybean producer is attending a class on soybeans in the futures market at the Vocational Agriculture department. He hears the term "basis" in the discussion. "Basis@ is
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