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PORTFOLIOS OF AGRICULTURAL MARKET ADVISORY SERVICES: HOW MUCH DIVERSIFICATION IS ENOUGH?

Stark, Brian G.; Cabrini, Silvina M.; Irwin, Scott H.; … - Department of Agricultural and Consumer Economics, … - 2003

Agricultural market advisory services offer specific advice to farmers on how to market their commodities. Farmers can subscribe to one or more of these services and follow their advice as a way of managing price risk. According to portfolio theory, a combination of these services may have...

Persistent link: https://www.econbiz.de/10005038592

1999 PRICING PERFORMANCE OF MARKET ADVISORY SERVIVES FOR WHEAT

Martines-Filho, Joao Gomes; Good, Darrel L.; Irwin, Scott H. - Department of Agricultural and Consumer Economics, … - 2001

The purpose of this research report is to present an evaluation of advisory service pricing performance in the 1999 crop year for wheat. Specifically, the average price received by a subscriber to an advisory service is calculated for wheat crop harvested in 1999. The average net advisory price...

Persistent link: https://www.econbiz.de/10005038596

The Performance of Chicago Board of Trade Corn, Soybean, and Wheat Futures Contracts after Recent Changes in Speculative Limits

Irwin, Scott H.; Garcia, Philip; Good, Darrel L. - Agricultural and Applied Economics Association - AAEA - 2007

Three attributes of futures contract behavior important for market performanceliquidity, volatility, and convergenceare investigated before and after the 2005 increase in speculative position limits for corn, soybean, and wheat contracts at the Chicago Board of Trade. The analysis of liquidity...

Persistent link: https://www.econbiz.de/10005038933

Efficient Portfolios of Market Advisory Services: An Application of Shrinkage Estimators

Cabrini, Silvina M.; Irwin, Scott H.; Good, Darrel L. - Agricultural and Applied Economics Association - AAEA - 2005

program's marketing recommendations and the average price/revenue offered by the market along the marketing window. The … portfolios of advisory programs. Results suggest that farmers can benefit from following the marketing recommendations of …

Persistent link: https://www.econbiz.de/10005039110

Should Farmers Follow the Recommendations of Market Advisory Services? A Bayesian Approach to Performance Evaluation

Cabrini, Silvina M.; Good, Darrel L.; Irwin, Scott H. - NCR-134 Conference on Applied Commodity Price Analysis, … - 2006

marketing recommendations. Results indicate that even when skeptical beliefs are incorporated into the model a few programs in … corn and several programs in soybeans appear to be better marketing alternative compared to a na�ve strategy that mimics …

Persistent link: https://www.econbiz.de/10005039361

PRE-HARVEST PRICING STRATEGIES IN OHIO CORN MARKETS: THEIR EFFECT ON RETURNS AND CASH FLOW

Zulauf, Carl R.; Larson, Donald W.; Alexander, … - In: Journal of Agricultural and Applied Economics 33 (2001) 01

This paper contributes to the debate on whether pre-harvest pricing strategies can improve returns over cash sales at harvest. It also examines cash flow needs of such strategies. The analysis is conducted for Ohio corn produced from 1986 through 1999. The pre-harvest strategies evaluated (short...

Persistent link: https://www.econbiz.de/10005041413

Portfolios of Agricultural Market Advisory Services: How Much Diversification is Enough?

Cabrini, Silvina M.; Stark, Brian G.; Irwin, Scott H.; … - In: Journal of Agricultural and Applied Economics 37 (2005) 01

This study analyzes the potential risk-reduction gains from naïve diversification among market advisory services for corn and soybeans. The total possible decrease in risk through naïve diversification is small, mainly because advisory prices are highly correlated on average. Moreover, because...

Persistent link: https://www.econbiz.de/10005041426

Devil or Angel? The Role of Speculation in the Recent Commodity Price Boom (and Bust)

Irwin, Scott H.; Sanders, Dwight R.; Merrin, Robert P. - In: Journal of Agricultural and Applied Economics 41 (2009) 02

It is commonly asserted that speculative buying by index funds in commodity futures and overâ€“theâ€“counter derivatives markets created a â€˜â€˜bubbleâ€™â€™ in commodity prices, with the result that prices, and crude oil prices, in particular, far exceeded...

Persistent link: https://www.econbiz.de/10005103127

THE COST OF FORWARD CONTRACTING

Shi, Wei; Irwin, Scott H.; Good, Darrel L.; Hagedorn, … - Agricultural and Applied Economics Association - AAEA - 2004

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 IMPACT OF MARKETING ADVISORY SERVICE RECOMMENDATIONS ON PRODUCERS' MARKETING DECISIONS

Pennings, Joost M.E.; Isengildina, Olga; Irwin, Scott H.; … - Agricultural and Applied Economics Association - AAEA - 2004

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