The Farmer uses the Basis Trade widget to place an order with the Elevator. The Basis Trade widget can be linked to the View Bids & Offers widget and selecting any order will automatically change the Basis Trade widget to the order.

Here, the “Chicago Corn” bid order is selected, the Farmer places a Day Limit Order to sell one lot at 343’0 to the Elevator.

The bid or ask published by the Elevator can be seen in the Farmer’s View Bids and Offers widget. The key details of the bid are listed including the Delivery Range dates, Expiration date, the Basis and the Source Bid (the current bid price for December Corn on Globex).

Farmers and Elevators have the Quote Spreadsheet to see the current markets prices on Globex.