Showing 1 - 10 of 14
We estimate the cost of post-harvest forward contracting corn and soybeans for January and March delivery from 1980 through 2009. For both corn and soybeans we saw a downward trend in the cost of forward contract for January delivery and we conclude that the cost of forward contracting for...
Persistent link: https://www.econbiz.de/10010881173
A bivariate probit model was used to examine the relationship between actual and intended purchase of irradiated beef. The likelihood ratio test rejected the equality of parameters affecting actual and intended purchase decisions. Actual purchases were affected by package labels and appearance,...
Persistent link: https://www.econbiz.de/10005338148
Persistent link: https://www.econbiz.de/10005483736
Replaced with revised version of paper 06/15/07.
Persistent link: https://www.econbiz.de/10005803149
We develop a Bayesian implementation of the standard optimal hedging model to analyze the impact of hedgers' subjective views on their hedging behavior. The results show the subjective views have a substantial impact on hedgers' optimal positions, explaining the large cross-sectional and time...
Persistent link: https://www.econbiz.de/10005803302
The elimination of the marketing quota system that regulated the peanut market since the 1930s has been accompanied by … the emergence of marketing contracts between farmers and peanut buyers (mainly peanut shellers). Two types of contracts … the main role of the contracts is to replace the marketing structure existing prior the 2002 Farm Act, where peanut …
Persistent link: https://www.econbiz.de/10005803363
soybean production forecasts during 1970/71 through 2003/04 marketing years. The analysis revealed that markets consistently …
Persistent link: https://www.econbiz.de/10005806757
The cost of forward contracting corn is estimated with weekly pre-harvest forward bases for seven regions of Illinois from 1975 to 2002. Given the panel structure of the forward basis dataset, we extend Townsend and Brorsen's univariate unit root model for forward bases to a panel unit root...
Persistent link: https://www.econbiz.de/10005060926
producers' marketing philosophy are hypothesized to influence the impact of MAS on producers' marketing decisions. Data from 656 … U.S. producers were used and the impact of MAS on producers' marketing decisions was tested using an ordered probit … recommendations are delivered, and the match between MAS and producer's marketing philosophy are important factors explaining the …
Persistent link: https://www.econbiz.de/10005060953
Three attributes of futures contract behavior important for market performanceliquidity, volatility, and convergenceare investigated before and after the 2005 increase in speculative position limits for corn, soybean, and wheat contracts at the Chicago Board of Trade. The analysis of liquidity...
Persistent link: https://www.econbiz.de/10005038933