@article{Seamon:18924,
      recid = {18924},
      author = {Seamon, V. Frederick and Kahl, Kandice H.},
      title = {AN ANALYSIS OF FACTORS AFFECTING THE REGIONAL COTTON  BASIS},
      address = {2000},
      number = {1264-2016-101856},
      series = {2000 Conference, Chicago, IL, April 17-18 2000},
      pages = {15},
      year = {2000},
      abstract = {Few empirical basis studies have examined the basis in  multiple regions and few have concentrated on cotton. This  paper addresses this topic, examining consumption market  factors that affect the cotton basis in five U.S. cotton  production regions. The seemingly unrelated regression  results indicate that the following factors are significant  in explaining the basis: total U.S. cotton stocks and the  ratio of foreign cotton stocks to foreign mill use in the  Southeast and North Delta regions; regional stocks, the  opportunity cost of storage and the foreign stocks to use  ratio in the West Texas region; and regional stocks, total  U.S. stocks, the opportunity cost of storage, and the  foreign stocks to use ratio in the Desert Southwest and San  Joaquin Valley regions. All significant coefficients have  the hypothesized signs except the coefficient for the  opportunity cost of storage and the coefficient for the  ratio of foreign stocks to foreign mill use in two regions.  The results indicate that the cotton basis in different  regions is typically affected by different factors.},
      url = {http://ageconsearch.umn.edu/record/18924},
      doi = {https://doi.org/10.22004/ag.econ.18924},
}