today the futures price for corn for december delivery in chicago is $3.30/bu and yesterday it was $3.40/bu. today the local cash price is $3.05/bu/ today, the local basis is:
a) $0.35/bu
b) -$.035/bu
c) $0.25/bu
d) -$0.25/bu
e) not enough information is provided
d) -$0.25/bu
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