Note: Futures price is the settlement price on the previous business day.
The provided basis are those predicted by the underlying statistical model based on the location, wheat class, and protein content you have selected.
The basis forecast represents the most likely outcome. However, because the statistical model is unable to capture all possible scenarios and changes in
market conditions, it is advised that you also consider the confidence interval estimates.
The confidence interval provides inferences about the range of most likely basis outcomes, with the majority of outcomes predicted to be within the
provided interval. It is important to consider both the single estimate and the confidence interval when interpreting the statistical model forecasts.
For more information about basis forecasts and ranges, please visit the Basis Basics section of this website.
Note: Locations shown are approximate and represent the centroid of the ZIP
code where a facility is located. Use for reference purposes only.