Crop Basis Tool

The Purdue Center for Commercial Agriculture’s Crop Basis Tool can be used to examine weekly nearby and deferred basis for corn and soybeans in Illinois, Indiana, Michigan, and Ohio. Daily cash price data from individual grain elevators and processors are averaged within each crop reporting district to create a regional average cash price series. The regional average cash price data is used to compute weekly basis (cash price minus futures price) for corn and soybeans, using Wednesday cash and futures prices to generate weekly basis data for each crop and crop reporting region. The number of buyers vary by crop reporting district and by week, depending on how many buyers choose to report their cash prices. Cash price data are provided by DTN and represent approximately 2,000 buyers across the four states.

To facilitate comparisons across years in the Crop Basis Tool, a crop year is defined as having 48 weeks with four weeks per month. When a month has five Wednesdays, prices from the fourth and fifth Wednesdays are averaged and reported as the fourth week. As a result, Week = 1 is the first week of September (beginning of the crop year), Week = 5 is the first week of October, and so on.



Coronavirus Food Assistance Program Application Details

May 27, 2020

USDA’s Farm Service Agency is accepting applications for the Coronavirus Food Assistance Program (CFAP) from producers who have suffered losses. Indiana FSA Director Steve Brown and staff join Jim Mintert for a discussion on eligibility requirements, payment rates and application details of the 2020 CFAP program.


Ag Outlook Webinar

May 15, 2020

Recorded May 15, 2020 | Purdue agricultural economists Michael Langemeier and James Mintert discuss the ag outlook and profitability estimates as a result of the COVID-19 global pandemic.


COVID-19’s Impacts on U.S. Food and Agriculture Webinar

April 20, 2020

Recorded April 20, 2020 | Purdue ag economists Jayson Lusk, Michael Langemeier, and James Mintert examine COVID-19’s impact on U.S. food and agriculture.



Ag Outlook Webinar

June 12, 2020 at 12:30 p.m. EDT | Join us online, it’s free! Purdue agricultural economists Michael Langemeier and James Mintert will provide an updated corn and soybean price outlook, which includes information from USDA’s Crop Progress report.

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