2 Results
filtered by...
Filter
Tags > basis
Sort
Sort by Most Relevant
Filter
Categories
Show All...Tags
- basis
- agriculture
- auction
- average
- backlog
- barge fertilizer
- barge unloaded
- bid
- bids/offers
- brazilian
- bulk vessel
- bunker
- car type
- coal
- competitiveness
- cost
- dedicated
- distance
- distances
- eia
- empty barges
- farm values
- freight
- fruits
- fuel prices
- gis
- grain barge rates
- highway
- highways
- holding
- index
- indext
- inland
- japan
- landr route
- loadings
- map
- markets
- new orleans
- offer
- origin-destination
- outstanding
- outstanding sales
- pacific northwest
- pavement
- pnw
- price
- price spreads
- recent
- refrigerated truck
- region
- routes
- rpm
- seasonal
- secondary auction
- secondary railcar market
- share
- ship
- shuttle train
- sorghum
- spatial
- specialty crops
- speed
- speeds
- surcharges
- terminal
- ton miles
- ton-miles
- traditionalpanamax
- trips
- truck availability
- truck rates
- turns
- unfilled
- unit train
- units
- up
- value
- values
- weighted
- annual
- barley
- brent
- bridge
- cars
- china
- containerized
- cost index
- cws
- delay
- domestic
- ending stocks
- freight rate
- fruit
- geospatial
- germany
- grain hopper rates
- gulf
- mexico
- movements
- ocean-going vessel
- panamax
- port
- railcar
- rate
- river
- rye
- shuttle
- spread
- tonnage
- travel time index
- travel time reliability index
- use
- volume
- waybill
- bids
- deliveries
- diesel
- dwell
- export
- fleet
- grains
- location
- modal share
- modal shares
- price spread
- secondary
- tariff
- total landed costs
- total transportation costs
- traffic
- vegetables
- waterborne commerce
- carloads
- country
- ddgs
- destination
- grain types
- imports
- inspections
- landed costs
- ports
- quarterly
- reefer
- regional
- tons
- transportation
- auction markets
- availability
- empty barge
- fertilizer
- freight rates
- international
- production
- railroad
- soybean
- barge movements
- barge rates
- carloadings
- state
- stb
- volpe
- world
- land route
- origin
- biodiesel
- costs
- ethanol
- fuel
- water route
- wheat
- corn
- vessel
- refrigerated
- corridors
- metrics
- transportation costs
- bulk
- commodity
- soybeans
- brazil
- volumes
- container
- prices
- grain barge
- ocean
- exports
- barge movement
- rates
- service
- performance
- grain
- barge
- truck
- rail
2 Results
filtered by
Tags > basis
Clear All
Dataset
Basis reflects both local and global supply and demand forces. It is calculated as the difference between the local cash price and the futures price. It affects when and where many grain producers and shippers buy and sell grain. Many factors affect basis—such as local supplies, storage and transportation availability, and global demand—and they interact in complex ways. How changes in basis manifest in transportation is likewise complex and not always direct. For instance, an increase in current demand will drive cash prices up relative to future prices, and increase basis. At the same time, grain will enter the transportation system to fulfill that demand. However, grain supplies also affect basis, but will have the opposite effect on transportation. During harvest, the increase in the supply of grain pushes down cash prices relative to futures prices, and basis weakens, but the demand for transportation increases to move the supplies.
For more information on how basis is linked to transportation, see the story, "Grain Prices, Basis, and Transportation" (https://agtransport.usda.gov/stories/s/sjmk-tkh6), and links below for research on the topic.
This data has corn, soybean, and wheat basis for a variety of locations. These include origins—such as Iowa, Minnesota, Nebraska, and many others—and destinations, such as the Pacific Northwest, Louisiana Gulf, Texas Gulf, and Atlantic Coast.
This is one of three companion datasets. The other two are grain prices (https://agtransport.usda.gov/d/g92w-8cn7) and grain price spreads (https://agtransport.usda.gov/d/an4w-mnp7). These datasets are separate, because the coverage lengths differ and missing values are removed (e.g., there needs to be a cash price and a futures price to have a basis price).
The cash price comes from the grain prices dataset and the futures price comes from the appropriate futures market, which is Chicago Board of Trade (CME Group) for corn, soybeans, and soft red winter wheat; Kansas City Board of Trade (CME Group) for hard red winter wheat; and the Minneapolis Grain Exchange for hard red spring wheat.
Updated
June 1 2023
Views
912
Showing 1 to 2 of 2 results