Again, the net price you receive is equal to the original cash price plus the basis gain or loss plus commissions. There is no basis change in this example, and the net price is equal to the original cash price plus commissions. Long hedge with futures as cash price increases. Long hedge with futures as cash price increases. In this scenario, basis is said to weaken.
Futures price decreases more than cash price.
In this scenario, basis is said to strengthen. Futures price decreases at the same rate as the cash price. The net price you receive is equal to the original cash price plus the commission since there was no change in the basis. Long hedge with futures as cash price decreases. Long hedge with futures as cash price decreases.