Question: provide a basis chart for corn from an individual grain elevator in Illinois (IL). Then, discuss the movement of the basis on the chart. Has

provide a basis chart for corn from an individual grain elevator in Illinois (IL). Then, discuss the movement of the basis on the chart. Has the basis recently strengthened or weakened? How would the recent basis movements impact the financial position of a short hedger (e.g., a farmer that is long the cash commodity that sells futures to hedge)? Discuss.

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