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| Table 2. Weekly Basis Price
Averages, Standard Deviations, and Coefficient of
Variation for Corn, Soybeans, and Wheat. |
| |
Corn
|
Soybeans
|
Wheat
|
| Basis Average: Harvest Time |
-$0.15
|
-$0.23
|
-$0.16
|
| Basis Averages: Storage Period |
+$0.15 (July)
|
+$0.00 (July)
|
-$0.07 (April)
|
| Basis Improvement |
$0.30
|
$0.23
|
$0.09
|
| Standard Deviations (Harvest to Storage) |
$0.10 to 0.07
|
$0.11 to 0.05
|
$0.13 to 0.20
|
| Coefficient of Variation (Harvest to
Storage) |
100 to 193%
|
48 to 150%
|
74 to 231%
|
| Note: In Ohio, wheat basis weakens into
September averaging -$0.30, basis performance
loss of $0.14 (-0.16 in July to $0.30 in
September). |
|