Are Crop Forecasts News? The Impact of U.S.D.A. Announcements on Futures Market Prices

Statistical analysis shows that the release of U.S.D.A. crop forecasts for corn and soybeans affect future market traders' behavior. Traders have many sources of information, so we test the magnitude of 1Pto Pt i / Pt on the Chicago Board of Trade for announcement dates, t, against a random sample of other comparable dates.


Issue Date:
1985-08
Publication Type:
Conference Paper/ Presentation
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/278570
Language:
English
Total Pages:
15




 Record created 2018-10-18, last modified 2020-10-28

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