This paper quantifies the effect of Brazilian soybean production on the CBOT futures price profile. A rational expectations storage model links production to price expectations and thereby to futures prices. The model predicts that expectations of large Brazilian harvests will flatten the...

This article tests whether the volatility of agricultural futures prices exhibits fractional integration. Volatility series were constructed for fourteen agricultural futures price series with over 5,300 observations per series. The volatility series exhibit strong long-term dependence, which is...

Organic vegetable producers typically earn a premium over conventional producers to cover the added costs of organic production. The premium can vary greatly, making organic vegetable farming riskier than conventional farming and causing potential financial problems for new organic farming...