GFM Network News

Run the numbers and don’t be buffaloed by basis

Your grain company likely uses unadjusted basis in U.S. dollars, 
but you want basis and the cash price in the same currency

Reading Time: 2 minutes Wheat basis has been a hot topic this year and a weak loonie has continued to make it an issue, says a provincial market analyst. Basis is calculated as the difference between the cash market price and the relevant futures price. Spring wheat futures, as traded on the Minneapolis Grain Exchange (MGEX), are generally used […] Read more