024 January Corn Basis, US #2 Yellow Corn Lower E. Shore Maryland 2. Use the historical basis chart below to explain the January, 2024 supply and demand situation on the Lower Eastern Shore of Maryland relative to historical supply and demand. Include in this explanation a comparison of the basis relative to the historical standard deviation. Week Average Cash Bid CBOT Mar 23 Futures Basis Jan 2 4.96 4.64 0.32 Jan 9 Jan 16 Jan 23 Jan 30 Average January 2024 basis March 2024 futures