Vector autoregressions are used to evaluate dynamic relationships among prices in six important international wheat markets. The effects of freight rates and exchange rates are also considered. The results indicate that Canada is the dominant market, supporting views that Canada is an...

The purpose of this paper it to theoretically investigate the potential benefits that arise from a cooperative selling a government subsidized area-yield contract (i.e., the Group Risk Plan). The indemnities in area-yield contracts are triggered by a geographically determined yield (e.g, a...