MSU Dept. of Agricultural Economics and Economics

MSU - Bozeman

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The wheat basis forecast tool predicts harvest-time prices: late-July (HRW) and early-September (HRS). Close
State Location Class Protein Bushels

The provided basis are those predicted by the underlying statistical model based on the location, wheat class, and protein content you have selected. The basis forecast represents the most likely outcome. However, because the statistical model is unable to capture all possible scenarios and changes in market conditions, it is advised that you also consider the confidence interval estimates.

The confidence interval provides inferences about the range of most likely basis outcomes, with the majority of outcomes predicted to be within the provided interval. It is important to consider both the single estimate and the confidence interval when interpreting the statistical model forecasts.

For more information about basis forecasts and ranges, please visit the Basis Basics section of this website.

$ Futures Increment $ Basis Increment
(Change an increment and press Enter)

Note: Locations shown are approximate and represent the centroid of the ZIP code where a facility is located.
Use for reference purposes only.