as a prespective
our local terminal average basis on the new crop months are 80 on beans, 60 on milo and 40 on wheat
corn
dec 2015 3.75
dec 2016 4.01
dec 2017 4.08
dec 2018 4.12
kc hrw
jul 2016 5.10
jul 2017 5.51
jul 2018 5.60
soybeans
nov 2015 8.68
nov 2016 8.72
nov 2017 8.75
nov 2018 8.74
apply your local basis to these cme prices.
i'm not happy about it either.
