The response of Arkansas Delta and Gulf soybean basis levels to barge rate shocks is investigated. Results suggest basis levels react negatively to an increase in the barge rate, implying the burden of higher transportation costs are at least in part transmitted to the farm level. Internal...

The current study tests for the law of one price (LOP) in MERCOSUR rice markets and between the MERCOSUR and major rice exporters in the light of recent Argentinean and Brazilian unilateral reforms and regional integration. Johansen's multivariate cointegration testing procedures support the...

Argentina, Brazil, Paraguay, and Uruguay are currently undergoing national economic reforms and regional economic integration. This has caused fundamental shifts in rice production and marketing in the region. Since the late 1980s Brazil has moved from self-sufficiency to consistently being one...