date:Jul 30, 2014
r later delivery.
Actual basis in the later delivery periods may differ from the basis reflected in the current forward bid. A producer who thinks the basis will be stronger than currently offered could also calculate the likely return to storage from hedging and then selling the crop at a stronger basis level.
Basis levels and basis patterns vary considerably by location so that an example of the likely returns to storage that is representative of all locations is not possible.
Harvest basis