This paper investigates nonlinear dynamics in monthly rice prices of 16 regions in the Philippines at three levels: farm gate, wholesale and retail, over the period of January 1990 to December 2012. We used a series of tests to investigate whether the regional prices are characterized by linear...

This article examines the puzzle of why futures prices continue to react to USDA crop reports despite the fact that reports appear to be no longer "newsworthy," that is, provide no better production estimates than private forecasts. The information value of reports is measured in terms of their...

As consumers eat healthier and obesity concerns increase, the poultry industry continues growth in sales and revenues. Data reflect ten years of broiler prices, exports, egg and chick production, cold storage stocks, company earnings and stock price. Expected results suggest a broiler-corn ratio...

This paper tests for both long run and short run market efficiency and unbiasedness in five agricultural futures markets. The possible existence of constant and time varying risk premia are taken into account using cointegration procedures and error correction models within a GARCH framework.

This article examines the puzzle of why futures prices continue to react to USDA crop reports despite the fact that reports appear to be no longer “newsworthy,” that is, provide no better production estimates than private forecasts. The information value of reports is measured in terms of...

Meat and poultry recalls, while voluntary, are carried out under governmental oversight. If firms have financial incentives to avoid being implicated in a recall situation, governmental involvement in recalls may cause firms to internalize social costs when making investment decisions concerning...

Even though significant attempts have appeared in literature, the current perception of co-movement of commodity prices appear inadequate and static. In particular we focus on price movements between crude oil futures and a series of agricultural commodities and gold futures. A comparative...