|
AgEcon Search >
Journal of Agricultural and Applied Economics >
Volume 40, Number 01, April 2008 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/45048
|
| Title: | The Impact of Situation and Outlook Information in Corn and Soybean Futures Markets: Evidence from WASDE Reports |
| Authors: | Isengildina-Massa, Olga
Irwin, Scott H.
Good, Darrel L.
Gomez, Jennifer K. |
| Keywords: | corn
market impact
outlook
situation
soybeans
WASDE |
| JEL Codes: | Q100
Q110
Q130 |
| Issue Date: | 2008-04 |
| Abstract: | The purpose of this study was to examine the impact of situation and outlook information
from World Agricultural Supply and Demand Estimates (WASDE) in corn and soybean
futures markets over the period 1985 to 2006. Results indicate that WASDE reports
containing National Agricultural Statistics Service (NASS) crop production estimates and
other domestic and international situation and outlook information have the largest impact;
causing return variance on report sessions to be 7.38 times greater than normal return
variance in corn futures and 6.87 times greater than normal return variance in soybean
futures. WASDE reports limited to international situation information and domestic and
international outlook information have a smaller impact. The results show that the impact
of WASDE reports has increased over time. |
| URI: | http://purl.umn.edu/45048 |
| Institution/Association: | Journal of Agricultural and Applied Economics>Volume 40, Number 01, April 2008 |
| Total Pages: | 15 |
| From Page: | 89 |
| To Page: | 103 |
| Collections: | Volume 40, Number 01, April 2008
|
Files in This Item:
| File |
Description |
Size | Format |
|---|
| jaae-40-01-89.pdf | | 337Kb | PDF | View/Open |
|
Recommend this item
All items in AgEcon Search are protected by copyright.
|
