What does the basis of soybean meal of +750 in February-March 2005 mean?
The basic quotation from February to March is 750+05. According to the query information, this expression is an industry term, and the basis is the difference between the spot price and the futures price of a specific commodity at a specific time and place. The difference between spot price and futures price of soybean meal in February and March is 750+05. Spot price is lower than futures price, basis is negative, spot price is higher than futures price, basis is positive.