Flandreau, SD | Could someone explain the big swing in the basis on this chart. Dec 14, 2006 | Bid | Basis | Futures | Month |
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Dec 2006 | 3.30 | -.42 | 3.72 | March (H) | Jan 2007 | 3.33 | -.39 | 3.72 | March (H) | Feb 2007 | 3.36 | -.36 | 3.72 | March (H) | March 2007 | 3.41 | -.31 | 3.72 | March (H) | May 2007 | 3.50 | -.30 | 3.80 | May (K) | July 2007 | 3.50 | -.35 | 3.85 | July (N) | Aug 2007 | 3.61 | -.08 | 3.69 | Sept (U) | Sept 2007 | 3.64 | -.05 | 3.69 | Sept (U) | Oct/Nov 2007 | 3.08 | -.50 | 3.58 | Dec (Z) | March 2008 | 3.18 | -.45 | 3.63 | March (H) | July 2008 | 3.34 | -.43 | 3.77 | July (N) | Oct/Nov 2008 | 2.99 | -.45 | 3.44 | Dec (Z) |
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