A Sequential Rationality and Efficiency Test of U.S. Department of Agriculture Program Crop Price Estimates: Rice, Wheat, and Soybeans
No, Sung Chul; Salassi, Michael E.
2008

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Abstract

This paper examines the USDA price estimates of rice, wheat, and soybeans and whether spot commodity prices reflect price information embodied in USDA estimates. Results indicate that the monthly USDA estimates are failed to meet a rationality condition. Rice and wheat actual prices marginally incorporate the information embodied in USDA past price estimates.

Details

Title A Sequential Rationality and Efficiency Test of U.S. Department of Agriculture Program Crop Price Estimates: Rice, Wheat, and Soybeans
Author(s) No, Sung Chul
Salassi, Michael E.
Subject(s)
Issue Date 2008
Publication Type Conference Paper/ Presentation
DOI and Other Identifiers 10.22004/ag.econ.6814
Record Identifier https://ageconsearch.umn.edu/record/6814
PURL Identifier http://purl.umn.edu/6814
Language English
Total Pages 21
Record Appears in Southern Agricultural Economics Association (SAEA) > 2008 Annual Meeting, February 2-6, 2008, Dallas, Texas

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