Irwin, Scott H.; Garcia, Philip; Good, Darrel L.; … - Department of Agricultural and Consumer Economics, … - 2009
The lack of consistently acceptable convergence performance for Chicago Board of Trade (CBOT) corn, soybean, and wheat contracts since late 2005 has been widely discussed (e.g., Henriques, 2008).1 Convergence performance is summarized in Figure 1, depicting delivery location basis levels on the...
