Predicting the Corn Basis in the Texas Triangle Area
This study develops a new and straightforward economic model of basis forecasting that outperforms the simple three-year average method suggested in much of the literature. We use monthly data of the corn basis in the Texas Triangle Area from February 1997 to July 2008. The results and the graphs indicate that the new model based on economic fundamentals performs better than basis estimates using a three-year moving average.
|Date of creation:||15 Jan 2009|
|Contact details of provider:|| Web page: http://www.saea.org/|
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121140, Cornell University, Department of Applied Economics and Management.
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- Sanders, Dwight R. & Manfredo, Mark R., 2006. "Forecasting Basis Levels in the Soybean Complex: A Comparison of Time Series Methods," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 38(03), December.
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- Hayenga, Marvin L. & Jiang, Bingrong, 1997. "Corn and Soybean Basis Behavior and Forecasting: Fundamental and Alternative Approaches," Staff General Research Papers Archive 10400, Iowa State University, Department of Economics. Full references (including those not matched with items on IDEAS)
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