Wheat basis forecasting tool: wheatbasis.montana.edu

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The http://wheatbasis.montana.edu tool provides daily forecasts for harvest time hard red winter wheat and hard red spring wheat classes at over 100 locations across Montana and Washington. The tool uses underlying economic and statistical models to identify the most accurate basis predictions based on the location, wheat class, protein class, and other market factors. The wheat basis forecasting tool and website are the products of a collaborative effort among economists at Montana State University and Kansas State University.

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About Author

Dr. Anton Bekkerman is an associate professor in the Department of Agricultural Economics and Economics at Montana State University, joining the faculty in 2009 after completing his PhD at North Carolina State University. Bekkerman's primary areas of research are grain marketing, basis and price forecast modeling, understanding how grain prices are affected by changes in supply chain infrastructures and quality demands, and analyzing the economic trade-offs of adopting alternative dryland cropping systems in Montana. One of his current projects is an investigation of how new grain loading technologies are affecting prices that Montana farmers receive for their wheat. Bekkerman is also examining the economic impacts that Montana's rapidly expanding dry pulse industry will have on the state's crop industry. Although Bekkerman grew up on the east coast, he has recently made a small step toward production agricultural after acquiring three backyard chickens.

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