Using Basis and Futures Prices as a Barometer in Deciding Whether to Store Grain or Not

Mounir Siaplay, Kim B. Anderson and B Brorsen

No 37575, 2007 Conference, April 16-17, 2007, Chicago, Illinois from NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management

Abstract: The purpose of this paper is to determine the importance of the strength and weakness of basis and futures prices as barometers for producers to use in deciding whether to store or not. Basis is the single most important market signal for wheat producers to use when deciding whether to store or sell their wheat at harvest. While some models indicated low futures prices were a signal to store, results were fragile and inconsistent.

Pages: 17
Date: 2007-04
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Persistent link: https://EconPapers.repec.org/RePEc:ags:nccsci:37575

DOI: 10.22004/ag.econ.37575

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