@article{O’Brien:285811,
      recid = {285811},
      author = {O’Brien, Daniel M. and Olson, Frayne},
      title = {The Competitive Position of the Black Sea Regionin World  Wheat Export Markets},
      address = {2014-04},
      series = {NCCC-134 Applied Commodity Price Analysis, Forecasting,  and Market Risk Management},
      year = {2014},
      abstract = {Differences in physical quality characteristics among  classes or types of wheat are often reflected in global  cash wheat prices in general, and in wheat prices and sales  involving major Black Sea Region exporters Russia, Ukraine  and Kazakhstan in particular. Black Sea Region wheat export  markets appear to be somewhat associated with each in other  in terms of price dynamics, while still exhibiting  important differences. Differences in wheat class quality  characteristics and logistical-transportation factors play  an important role in determining the competitive,  cointegrated nature of world and Black Sea Region wheat  market price relationships, along with the dynamics of  changing wheat supply-demand balances. Black Sea Region  wheat prices display some degree of price interrelatedness  for milling quality wheat, but not complete uniformity.  Ukraine milling wheat export prices show evidence of being  cointegrated with German milling wheat export prices, but  less so with with those of Russia. Russian milling wheat  export prices appear to be cointegrated with both U.S. hard  red winter and soft red winter wheat export prices, but  less so with those of the Ukraine. Kazakhstan milling wheat  export prices show evidence of being somewhat associated  with Russian milling wheat export prices, but not so with  those in Ukraine.},
      url = {http://ageconsearch.umn.edu/record/285811},
      doi = {https://doi.org/10.22004/ag.econ.285811},
}