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Analysis Of Corn And Soybean Basis Patterns And Hedging Opportunities For Cash-Grain Producers By Price Reporting Districts In Iowa

Abstract

In recent years, Iowa farmers have faced large variations in grain prices in short periods of time. Price variability stems from increased dependence on foreign markets and a wide range of world developments that affect cash grain prices. As an example of the potential impact on farmers, the variability • \u27 t \u27 ^ in 1980-crop prices during the last half of 1979 created a potential variation of $20,000 in net income from a 300 acre Central Iowa cash grain farm — depend ing on whether crops were sold at the high or low end of the range of available prices..

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