Basis Calculator

Local basis from cash price and futures price.

Local cash price ($/bu)

Futures price ($/bu)

Historical basis ($/bu)

Bushels to sell

Tab to move between fields

Current basis ($/bu)

-0.5

Basis vs historical-0.1

Total revenue ($)$55,000.00

Revenue delta ($)-$1,000.00

Expected cash ($/bu)5.6

How to Use This Calculator

Enter the Local Cash Price from your elevator or grain buyer and the nearby Futures Price.
Enter the Historical Basis for this time of year to compare current vs typical basis levels.
Enter Bushels to sell to calculate total revenue impact.
Review Current Basis and Basis vs Historical — a stronger-than-normal basis is a good selling signal.
Check Expected Cash Price and Revenue Delta vs Normal to time grain sales more effectively.

How the result changes with Futures price ($/bu)

Local cash price ($/bu): Local elevator or buyer cash bid per bushel.
Futures price ($/bu): Nearby futures contract price per bushel.
Historical basis ($/bu): Average historical basis for this period (negative = under futures).
Bushels to sell: Quantity of grain in bushels.

Identify Input Parameters
4 parameters
Local cash price ($/bu) = 5.5, Futures price ($/bu) = 6, Historical basis ($/bu) = -0.4, Bushels to sell = 10000 = 4 input(s) provided
Calculate Current basis
Current basis = round((cashPrice - futuresPrice) * 10000) / 10000
-0.5 = -0.5
Calculate Basis vs historical
Basis vs historical = round((currentBasis - historicalBasis) * 10000) / 10000
-0.1 = -0.1
Calculate Total revenue
Total revenue = round(cashPrice * bushels * 100) / 100
55000 = $55,000