November 20, 2020

Welcome to our Strategic Crop Marketing Video Series

by Nathanael Thompson and James Mintert

We’ve recorded a series of short videos to help you improve your crop marketing skills. The first two videos review the importance of understanding basis when marketing crops and how to use historical data to forecast basis. Subsequent videos detail how storage hedging can work to your advantage, provide a comparison of historical returns to both unpriced storage and storage returns and discuss using knowledge of seasonal patterns in corn futures prices and corn futures price spreads to improve returns.

ARTICLES WITHIN PUBLICATION:

Importance of Crop Basis When Marketing Grain

November 20, 2020

In this short video learn about how an improved understanding of basis, the relationship between cash and futures market prices, can help you become a better grain marketer. During the video you’ll learn how to use the Purdue Center for Commercial Agriculture’s Crop Basis Tool to track historical basis patterns in your area as well as keep up with weekly regional changes in corn and soybean basis.

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Forecasting Corn & Soybean Basis

November 20, 2020

One of the keys to improving your corn and soybean marketing skills is learning how to forecast basis. In this video you’ll learn how to use the Purdue Center for Commercial Agriculture’s Crop Basis Tool to help you generate corn and soybean basis forecasts for your local market region.

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Role of Basis when making Corn and Soybean Storage Decisions

November 20, 2020

Learn how storage hedging provides an opportunity to capture the seasonal increase in basis that occurs during the storage season without speculating on corn or soybean futures prices. The details regarding how to implement, as well as calculate the returns to storage, for each strategy are discussed.

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Comparing Historical Returns of Hedged vs Unhedged Corn and Soybean Storage Strategies

November 20, 2020

In this video Purdue ag economists Nathan Thompson and James Mintert examine the historical returns to hedged and unhedged corn and soybean storage. Average returns over the past 30 years are discussed.

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Improving Corn Storage Returns

November 20, 2020

In this video learn how to improve corn storage returns by better understanding seasonality in both futures contract prices and futures contract price spreads. Purdue ag economists Nathan Thompson and James Mintert discuss how to design a corn marketing strategy that maximizes your marketing flexibility and makes it possible for you to take advantage of…

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Strategic Crop Marketing Series

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Corn & Soybean Basis Steady to Slightly Stronger Across the Eastern Corn Belt

April 11, 2024

In recent weeks, corn basis has been steady to slightly stronger across much of the eastern Corn Belt. For example, corn basis in central Indiana for the second week of April was $0.18/bu. under May ’24 corn futures.

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Corn and Soybean Basis Continue to Steadily Strengthen at Most Eastern Corn Belt Locations

March 7, 2024

In recent weeks, many eastern Corn Belt locations have seen steady to slightly stronger corn and soybean basis levels. For example, corn basis in central Indiana for the first week of March was $0.24/bu. under May ’24 corn futures. This is $0.05/bu. stronger than the first week of February, but still about $0.18/bu. weaker than the historical 3-year average corn basis for the region.

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Corn & Soybean Basis Steady to Stronger in Most Locations, Weaker at Ohio River Terminals

February 12, 2024

After starting the year weaker than normal, corn and soybean basis has been steadily increasing since harvest ended last fall. In recent weeks, many eastern Corn Belt locations have seen steady to slightly stronger corn and soybean basis levels.

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UPCOMING EVENTS

We are taking a short break, but please plan to join us at one of our future programs that is a little farther in the future.

2024 Crop Cost and Return Guide

November 22, 2023

The Purdue Crop Cost and Return Guide offers farmers a resource to project financials for the coming cropping year. These are the March 2024 crop budget estimations for 2024.

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(Part 2) Indiana Farmland Cash Rental Rates 2023 Update

August 7, 2023

Purdue ag economists Todd Kuethe, James Mintert and Michael Langemeier discuss cash rental rates for Indiana farmland in this, the second of two AgCast episodes discussing the 2023 Purdue Farmland Values and Cash Rents Survey results.

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(Part 1) Indiana Farmland Values 2023 Update

August 6, 2023

Purdue ag economists Todd Kuethe, James Mintert and Michael Langemeier discuss Indiana farmland values on this, the first of two AgCast episodes discussing the 2023 Purdue Farmland Values and Cash Rents Survey results. Each June, the department of agricultural economics surveys knowledgeable professionals regarding Indiana’s farmland and cash rental market.

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