A NOTE ON THE FACTORS AFFECTING CORN BASIS RELATIONSHIPS

Empirical tests were made of components of the corn basis in the U.S. utilizing a general theory of intertemporal price relationships for storable commodities. These tests showed that the basis consists of a risk premium, a speculative component, and a maturity basis apart from other factors such as storage costs for storable commodities. The results provide insights into factors affecting basis patterns for corn.

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Year of publication:	1991
Authors:	Naik, Gopal ; Leuthold, Raymond M.
Published in:	Southern Journal of Agricultural Economics. - Southern Agricultural Economics Association - SAEA. - Vol. 23.1991, 01
Publisher:	Southern Agricultural Economics Association - SAEA
Subject:	Demand and Price Analysis

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005513388