Etienne, Xiaoli L.; Irwin, Scott H.; Garcia, Philip - Agricultural and Applied Economics Association - AAEA - 2013
Corn prices experienced enormous volatility over the last decade. In this paper, we apply a structural vector … autoregression model to quantify the relative importance of various contributing factors in driving corn price movements. The … a statistically significant effect on corn price movements. By contrast, shocks in the crude oil market have large …