MARKETING OF WHEAT ON A CONSTANT AND NIL MOISTURE BASIS
| dc.creator | Wilson, William W. | |
| dc.creator | Dahl, Bruce L. | |
| dc.date | 2017-04-01T19:48:00Z | |
| dc.date.accessioned | 2026-07-09T03:44:14Z | |
| dc.description | This study examined moisture specification practices in the United States and for major exporters and assessed impacts of changes to a nil or constant moisture basis on prices and revenue. These were examined under scenarios where information on moisture in current prices is limited and under a scenario where current prices reflect Full Knowledge of moisture advantages. Results indicate that changing to a nil moisture basis (which requires a subsequent adjustment in volumes to reflect the subtraction of moisture) would increase reported prices from 42 to 70 c/bu for the wheat classes, while changing to a 12 percent constant moisture basis would have limited impacts on reported prices. Effects on relative prices/revenue depend on whether knowledge of moisture advantages are reflected in current prices. If current prices reflect moisture advantages (Full Knowledge), then relative effects on prices/revenues are minimal. If current prices do not reflect moisture advantages (Limited Knowledge), then prices/revenue in drier production regions would increase. | |
| dc.identifier | doi:10.22004/ag.econ.23638 | |
| dc.identifier | https://ageconsearch.umn.edu/record/23638/files/aer496.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/23638 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/539066 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/23638 | |
| dc.title | MARKETING OF WHEAT ON A CONSTANT AND NIL MOISTURE BASIS | |
| dc.type | Text |