July Basis Contract? Read This. 6/27/22
July basis contracts (and long July futures positions) need to be rolled or priced (liquidated, cashed out) by the close of business Wednesday this week, the 29th. Deliveries, if any, on July futures will be assigned to owners of long July positions the evening of the 29th. You nor your merchandiser want to own cash grain in a Chicago Board of Trade Approved Warehouse on the Illinois River. It is not the end of the world, but expensive (8 to 14 cents a bushel) to sell it.
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