date:May 30, 2013
C$25 (or cash price C$25/tonne premium to a futures price). Sometimes, canola basis levels can even be outside of this range.
Recent marketing year basis levels are also relevant to basis analysis, and so are seasonal basis trends. Basis is a reflection of local supply and demand in a market, so canola basis levels tend to be weakest at harvest when there is usually plenty of supply relative to demand.
As the marketing year progresses, supplies tend to tighten relative to demand and that situ