futures contracts to protect against possible rising prices of commodities.
Traders will “go long the basis.” It is the opposite of shorting the basis, which is the selling of futures
contracts to protect against falling prices.
"long the basis." YourDictionary, n.d. Web. 12 October 2018. <http://www.yourdictionary.com/long-the-basis>.
long the basis. (n.d.). Retrieved October 12th, 2018, from http://www.yourdictionary.com/long-the-basis
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