Basis Contracts give you the ability to lock in the basis (the difference between the cash price and the futures market), which is made up of all the costs associated with delivery of the commodity, such as cost of elevation, storage, interest and transportation. This contract allows you to obtain a favorable basis level while waiting to lock in the futures price – even until after the crop is delivered. It also allows you to move your crop during your preferred time period. You can lock in the futures price up until the last business day of the month prior to the delivery month, or roll to the next futures month. This contract provides the same terms as the deferred delivery contract, except the futures price has yet to be locked in.