Baumeister, Christiane; Ellwanger, Reinhard; Kilian, Lutz - 2016
It is commonly believed that the response of the price of corn ethanol (and hence of the price of corn) to shifts in … at longer horizons. Finally, we present evidence against a tight link from ethanol price expectations to corn price … estimate the market's expectations of the prices of ethanol, unfinished motor gasoline and crude oil at horizons from three …