Gulf wheat forward basis bids increase as harvest approaches. Forward contract prices four months before harvest average $0.4|bu. less than prices at harvest. Prices received by directly hedging in the futures market are estimated to be higher than prices received through forward contracts. ©...

This article explores lead-lag relationships among daily cash prices of soybeans, soybean oil, and soybean meal. The article seeks to determine the impact of a change in one of these prices on the others. Results show changes in the cash price of soybeans have a greater effect on product prices...

The effect of output price risk on soybean crushing margins is determined. The results show crushing margins increase as risk increases indicating soybean processors are risk averse. Thus, soybean processors with better risk management strategies may have a competitive advantage. Policy...

Which of two distributions, the diffusion-jump process or the generalized beta-2 distribution, is superior in approximating the actual distribution of futures prices? The parameters of the distributions were estimated using the futures prices of four highly diverse commodities: British pound,...

An agent-based model is developed that matches the results of <xref ref-type="bibr" rid="AAQ033C28">Xia and Sexton (2004)</xref> as well as our generalization of their model. We relax Xia and Sexton's assumption of no supply response by captive feeders, which reduces the price-depressing effect of captive supplies. Finally, the agent-based...

This paper estimates the relative profitability of using optical reflectance-based measures to predict crop needs for topdress nitrogen application to hard red winter wheat (Triticum aestivum). The data are from nitrogen yield response experiments where midseason optical reflectance data were...

The value of land dominates the financial structure of most American agricultural production firms, and land values are an important factor in long-term agricultural planning and risk management. As the primary source of collateral for farm loans, farmland values have significant implications...

Past research about the efficiency of nitrogen application in winter wheat (Triticum aestivum L.) based on source and timing has produced inconsistent results. The majority of the literature used data from few locations over short time periods. This study used a unique data set of yields and...

Using ammonium based nitrogen fertilizers in crop production has been shown to acidify soils. Lime used to correct soil pH is an important cost to producers. Recommendations of the optimal level of nitrogen to apply typically ignore the cost of lime created by nitrogen fertilization. This study...