Purdue Center for Commercial Agriculture Crop Basis Tool

The Purdue Center for Commercial Agriculture Crop Basis Tool is an open-access web-based tool that provides grain industry participants with access to weekly historical and contemporaneous corn and soybean basis data for local market regions in the eastern Corn Belt. Previously unavailable to most producers in the region, the data housed by the Crop Basis Tool has the potential to greatly improve producers’ marketing risk management decisions through improved basis forecasts.

The Purdue Center for Commercial Agriculture Crop Basis Tool is an open-access web-based tool that provides grain industry participants with access to weekly historical and contemporaneous corn and soybean basis data for local market regions in the eastern Corn Belt. This information is critical to developing preharvest price expectations and evaluating marketing opportunities, such as forward contract bids, hedging opportunities, and storage opportunities. Therefore, the information provided by the Crop Basis Tool has the potential to improve producers’ marketing risk management decisions.

by Nathanael M. Thompson, James R. Mintert, and Christopher A. Hurt

Digital Agriculture Posts

person using computer with dual monitors

Simple Personal Databases – Make Your Records Digital Simply

Keeping records of events, transactions, and important activities can be simplified using digital...

Digital Horticultural Crop Activity Records

Field records (who, what, where, how) are those elements of records and data that are often...

Spring 2023 Data-Driven Seminar Series

Purdue College of Agriculture presents a seminar series featuring experts in data science,...

Fall 2022 Data-Driven Seminar Series

Purdue College of Agriculture presents a seminar series featuring experts in data science,...

Digital Marketing and Grain Delivery Records

Purdue startup is pushing the envelope on research-grade data

The catchphrase on GRYFN vehicles, “Drones powered by Boilers,” is meant to be...