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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
The traditional necessary condition for futures market inefficiency is the existence of alternative forecasting methods that produce mean squared forecast errors smaller than the futures market. Here, a more exacting requirement for futures market efficiency is proposedforecast encompassing....
Persistent link: https://www.econbiz.de/10005060943
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