Understanding commodity futures Basis

← Back to document page

Business Development141 W. Jackson , IL 60604-2994312-341-7955 fax: 312-341-3027New York OfficeOne Exchange Plaza55 Broadway, Suite 2602New York, NY 10006212-943-0102 fax: 212-943-0109European OfficeSt. Michael s House1 George YardLondon EC3V 9DHUnited Kingdom44-20-7929-0021 fax: 44-20-7929-0558Latin American Contact52-55-5605-1136 fax: on recycled paperwith soybean oil BASISGeneral Information SeriesUnderstanding Basis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2Keeping History.

2 Basis is the difference between the local cash price of a commodity and the price of a specific futures contract of the same commodity at any given point

  Future, Understanding, Commodity, Basis, Understanding commodity futures basis