MacDonald, Stephen; Isengildina-Massa, Olga - Agricultural and Applied Economics Association - AAEA - 2012
This study investigates the rationality of monthly revisions in annual forecasts of supply, demand and price for U.S. corn, cotton, soybeans, and wheat, published in the World Agricultural Supply and Demand Estimates over 1985/86-2010/11. The findings indicate that USDA's forecast revisions are...