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| Title: | THE IMPACT OF BRAZIL AND ARGENTINA'S CURRENCY DEVALUATION ON U.S. SOYBEAN TRADE |
| Authors: | Andino, Jose
Mulik, Kranti
Koo, Won W. |
| Authors (Email): | Andino, Jose (jose.andino@ndsu.edu)
Mulik, Kranti (kranti.mulik@ndsu.edu)
Koo, Won W. (won.koo@ndsu.edu) |
| Keywords: | soybeans
exchange rates
third country effect
EC3SLS. |
| Issue Date: | 2005 |
| Series/Report no.: | Agribusiness and Applied Economics Report No. 574 |
| Abstract: | We analyzed the effects of Brazil and Argentinas currency devaluation on the U.S. soybean import demand in major importing countries. Results indicate that nominal exchange rates between the United States and importers affect the U.S. soybean export market. Additionally, we found evidence that currency depreciations have favored soybean exports from Argentina and Brazil at the cost of reduced exports from the United States. Increased world soybean demand has promoted export sales from major producers, affecting export prices. However, adoption of GM soybeans in the United States has been a determinant in decreased U.S. soybean exports. |
| URI: | http://purl.umn.edu/23486 |
| Institution/Association: | North Dakota State University>Department of Agribusiness and Applied Economics>Agribusiness & Applied Economics Report |
| Total Pages: | 18 |
| Language: | English |
| Collections: | Agribusiness & Applied Economics Report
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