Predicting the Corn Basis in the Texas Triangle Area

Vardan Mkrtchyan, J. Mark Welch and Gabriel Power

No 46759, 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia from Southern Agricultural Economics Association

Abstract: This study develops a new and straightforward economic model of basis forecasting that outperforms the simple three-year average method suggested in much of the literature. We use monthly data of the corn basis in the Texas Triangle Area from February 1997 to July 2008. The results and the graphs indicate that the new model based on economic fundamentals performs better than basis estimates using a three-year moving average.

Keywords: Agribusiness; Agricultural Finance; Financial Economics; Marketing; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 22
Date: 2009-01-15
New Economics Papers: this item is included in nep-for
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Citations: View citations in EconPapers (4)

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Journal Article: Predicting the Corn Basis in the Texas Triangle Area (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:saeana:46759

DOI: 10.22004/ag.econ.46759

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