This paper investigates the impact of USDA crop production reports in corn and soybean futures markets. The analysis is based on all corn and soybean production reports released over 1970-2006. The empirical analysis compares the typical OLS event study approach to the new Identification by...

The goal of the research is to estimate the supply and demand of grain storage for the state of Mato Grosso. This is the first research to employ GPS coordinates to map storage in Mato Grosso. The state has 2,143 registered warehouses. The analysis uses commercial warehouses with capacity...

The goal of this report is to provide the Illinois Livestock industry with an economic snapshot of the current state of the industry. The State’s livestock and meat and dairy processing sectors significantly contribute to the state’s economy in three important ways: 1) significant economic...

This study investigates empirical methods of generating prediction intervals for WASDE forecasts of corn, soybean, and wheat prices over the 1980/81 through 2006/07 marketing years. Empirical methods use historical forecast errors to estimate forecast error distributions, which are then used to...

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...

The United States Department of Agriculture (USDA) has a number of agencies that are involved in collecting, analyzing, forecasting, and disseminating information about the production and consumption of the corn and soybean crops (Spilka, 1983; Vogel and Bange, 1999; Lusk, 2013). Market participants...