@article{Cumming:285864, recid = {285864}, author = {Cumming, Katie and Mattos, Fabio and Etienne, Xiaoli L.}, title = {Evaluating Crop Forecast Accuracy for Corn and Soybeans in the United States, China, Brazil, and Argentina}, address = {2017-04}, series = {NCCC-134 Applied Commodity Price Analysis, Forecasting, and Market Risk Management}, year = {2017}, abstract = {Commodity prices are determined by the dynamics of supply and demand and they oscillate over time according to market participants’ price expectations, which are in return formed and updated based on new information available on the market. Previous studies have explored how the release of supply and demand news affect futures prices (e.g. McKenzie, 2008). This process of price discovery is crucial for various business decisions in the agricultural sector, such as production, marketing, and risk management.}, url = {http://ageconsearch.umn.edu/record/285864}, doi = {https://doi.org/10.22004/ag.econ.285864}, }