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basis

Critical Juncture for Crop Basis & Your Marketing Strategy for the Remainder of ’22 Crop

On this episode of the Purdue Commercial AgCast, Nathanael Thompson and James Mintert explore what’s been taking place in the Eastern Corn Belt on corn basis, the May/July CBT corn spread, as well as the July/September CBT corn spread, and discuss how you might pursue some marketing strategies for the remainder of the ’22 crop that you might have in storage. 

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April 2023 Crop Basis Update

April 13, 2023 crop basis update on forward contract bids, corn and soybean basis outlook, and new crop corn and soybean futures.

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Crop Basis Tool

The Purdue Center for Commercial Agriculture Crop Basis Tool is a web-based tool that provides access to weekly historical and contemporaneous corn and soybean basis data for local market regions in the eastern corn belt.

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Importance of Crop Basis when Marketing Grain

Basis is an important component for crop producers to consider when marketing grain because it is used to convert the futures price to a local cash equivalent. Futures prices and basis follow different seasonal patterns so the ability to manage futures price risk and basis risk independently creates an opportunity to improve returns. Join Purdue ag economists and co-creators of the Purdue Crop Basis Tool, Nathan Thompson and Jim Mintert for an episode discussing the advantages of using the Center’s Crop Basis Tool.

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River Levels and Barge Rates Impacting Corn and Soybean Basis

Crop basis levels in many areas have been on a wild ride this fall. Several related factors have contributed to large swings in basis. Most notably, dry conditions in many areas have caused Mississippi River levels to drop.

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Welcome to our Strategic Crop Marketing Video Series

Purdue ag economists James Mintert and Nathanael Thompson recorded a series of short videos to help you improve your crop marketing skills. This series reviews the importance of understanding basis when marketing crops, using historical data to forecast basis, using storage hedging to your advantage, knowledge of historical returns, and seasonal patterns in corn futures prices to improve returns.

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