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 a former associate professor in the Department of Agricultural Economics and Economics at Montana State University. He currently serves as the director of the New Hampshire Agricultural Experiment Station. 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. Although Bekkerman grew up on the east coast, he had made a small step toward production agricultural after ranching a flock of six backyard chickens.

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