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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.
Year of publication:
2011
Authors: Fischer, Matthew J. ; Isengildina-Massa, Olga ; Curtis Jr., Charles E. ; Boys, Kathryn A.
Institutions: Agricultural and Applied Economics Association - AAEA
Subject: Marketing
Extent:
application/pdf
Series:
Type of publication: Book / Working Paper
Notes:
The text is part of a series 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania Number 103943
Source:
Persistent link: https://www.econbiz.de/10009020980
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