Question: 2 0 1 3 - 2 0 1 4 was a great year in agriculture. We had record yields and high prices - a win,
was a great year in agriculture. We had record yields and high prices a win, win. However, producers were surprised at the basis rates of their country elevators. Elevator managers informed producers that the basis was necessary in order to secure shuttle trains, the demand for shuttle trains exceeded the supply. Do some research on this topic and address the following:
What led to the glut in the railroad market?
Were all commodities affected?
What did elevator managers need to do to get shuttle trains?
What did they do with the grain they couldn't move?
What was the effect on basis, generally speaking?
Cite your resources. Remember people can be resources. If you know someone in the elevator or rail business, they would be a great resource for this topic. If you use a personal interview, cite it by identifying the person, their position, and date of interview.
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