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The 70 cent hidden basis in Wheat

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    The 70 cent hidden basis in Wheat

    I would like to point out, that all the bids I have seen lately from elevator companies(CWRS),state a basis of approx $2.00 a bushel under Minn xchange.
    BUT they conveniently do not account for our cheaper dollar.
    PRESTO, another 70 cent worth of hidden basis to a total of $2.70 under Minn.
    Criminal!!
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