BACK TO THE BASICS: WHAT DOES THE MARKET TELL US ABOUT BASIS?

Matthew J. Fischer, Olga Isengildina-Massa, Curtis, Charles E., and Kathryn Boys
Authors registered in the RePEc Author Service: Olga Isengildina Massa

No 103943, 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania from Agricultural and Applied Economics Association

Abstract: This study explores market forces that affect harvest grain basis for corn, soybeans, and wheat in a grain deficit market. The findings indicate that implied basis (cash forward bid less harvest futures), nearby HHO price, and log of open interest on the harvest futures contract can be used to predict 33 to 99 percent of the variation in harvest basis at selected South Carolina locations.

Keywords: Marketing (search for similar items in EconPapers)
Pages: 2
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea11:103943

DOI: 10.22004/ag.econ.103943

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