Posted 8/27/2024 21:07 (#10869008 - in reply to #10868889) Subject: RE: Basis contract for dummies
Typical elevator bean basis last 15 years has been 85 under. When the trade war was in full swing and futures were down in the $7's small local end user crush plant was 35-45 over. There is futures risk and there is basis risk. Weird things happen with basis when futures go to extremes.
Basis contract for dummies
