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Re: martinm post# 28012

Tuesday, 12/16/2014 10:04:38 AM

Tuesday, December 16, 2014 10:04:38 AM

Post# of 30378
First, it's not my formula, it's PEIX's formula. Basis is the cost of shipping the corn by rail. It's assumed to be $1.28/bushel, but that does vary.
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