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

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.


Subject(s):
Issue Date:
2011
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/103943
Total Pages:
2
Series Statement:
Poster
13487




 Record created 2017-04-01, last modified 2017-08-26

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