Forecasting Corn & Soybean Basis

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. Research results focused on identifying the optimal moving average forecasting techniques (e.g., 2- vs. 3-year moving averages of basis in your market region) for corn and soybean basis are shared in the video. Additionally, Purdue ag economists Nathan Thompson and James Mintert discuss how to modify your local basis forecasts based on recent basis data for various forecast horizons.