Zhang, Qiang; Reed, Michael R.; Saghaian, Sayed H. - In: Agribusiness 26 (2010) 2, pp. 202-219
The focus of this study is the effects of exchange rate, commodity price, and ocean freight cost risks on import demand with forward-futures markets. The case of U.S. and Brazilian soybeans is analyzed empirically using monthly data. A two-way error component two-stage least squares procedure...