Easy to find news on this. From one article:
"Cash soft red wheat for July delivery in Toledo on Friday was $1.67 under nearby CBOT September wheat, which closed at $8.11 per bushel. The basis between cash and the CBOT July future was as wide as $2.50 before the contract expired earlier this month. The lack of convergence has resulted in a "much wider and more volatile basis" and made futures prices a "less reliable indicator of the true underlying value of commodities," the National Grain and Feed Association said. "
