Education Center - CFTC - Commodity Futures Trading Commission
The price generally is determined when the contract is entered into, although . or December in Chicago or any of several other specified delivery locations.
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An Introduction to Basis - AgEBB
Commodity basis is the difference between a local cash price and the relevant . given location and Futures Price is the relevant futures price for that commodity.
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Glossary of Commodity Futures Trading Terms
Basis: The difference between the spot or cash price of a commodity and the price . and may reflect different time periods, product forms, qualities, or locations.
Different opportunities within the same commodity... - Sovereign ...
Aug 18, 2011 . Location Spread- the same commodity that is traded in different . Since the start of 2010 the price for Brent North Sea crude oil futures has .