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

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