Details about Philip Garcia

Workplace:

Department of Agricultural and Consumer Economics, University of Illinois at Urbana-Champaign, (more information at EDIRC)

Access statistics for papers by Philip Garcia.

Last updated 2018-11-13. Update your information in the RePEc Author Service.

Short-id: pga1003

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Working Papers

2018

1. Estimating Cost of Volatility Risk in Agricultural Commodity Markets
   2018 Annual Meeting, August 5-7, Washington, D.C., Agricultural and Applied Economics Association

2017

2. Measuring Price Discovery between Nearby and Deferred Contracts in Storable and Non-Storable Commodity Futures Markets
   Papers, arXiv.org View citations (3)

2016

3. Does the Boxed Beef Price Inform the Live Cattle Futures Price?
   2016 Annual Meeting, July 31-August 2, Boston, Massachusetts, Agricultural and Applied Economics Association
4. GMO Contamination Price Effects in the U.S. Corn Market: StarLink and MIR162
   2016 Annual Meeting, July 31-August 2, Boston, Massachusetts, Agricultural and Applied Economics Association
5. Intraday Market Effects in Electronic Soybean Futures Market during Non-Trading and Trading Hour Announcements
   2016 Annual Meeting, July 31-August 2, Boston, Massachusetts, Agricultural and Applied Economics Association
   See also Journal Article Intraday market effects in electronic soybean futures market during non-trading and trading hour announcements, Applied Economics, Taylor & Francis Journals (2018) View citations (9) (2018)
6. The Electronic Live Cattle Futures Market Bid Ask Spread Behaviors and Components
   2016 Annual Meeting, July 31-August 2, Boston, Massachusetts, Agricultural and Applied Economics Association

2013

7. Bubbles, Food Prices, and Speculation: Evidence from the CFTC's Daily Large Trader Data Files
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (28)
   See also Chapter Bubbles, Food Prices, and Speculation: Evidence from the CFTC's Daily Large Trader Data Files, NBER Chapters, National Bureau of Economic Research, Inc (2014) View citations (10) (2014)
8. Dissecting Corn Price Movements with Directed Acyclic Graphs
   2013 Annual Meeting, August 4-6, 2013, Washington, D.C., Agricultural and Applied Economics Association
9. Non-Convergence in Domestic Commodity Futures Markets: Causes, Consequences, and Remedies
   Economic Information Bulletin, United States Department of Agriculture, Economic Research Service View citations (18)

2012

10. Intraday Bid Ask Spread Variation in the Electronically Traded Corn Futures Market
    2012 Annual Meeting, August 12-14, 2012, Seattle, Washington, Agricultural and Applied Economics Association
11. Measuring Risk Attitude and Relation to Marketing Behavior
    2012 Annual Meeting, August 12-14, 2012, Seattle, Washington, Agricultural and Applied Economics Association

2011

12. Accounting for Heterogeneity in Hedging Behavior: Comparing & Evaluating Grouping Methods
    2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland, European Association of Agricultural Economists
13. Forecasting Corn Futures Volatility in the Presence of Long Memory, Seasonality and Structural Change
    2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania, Agricultural and Applied Economics Association View citations (1)
14. Risk Attitude & the Structure of Decision Making: Evidence from the Hog Industry
    2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania, Agricultural and Applied Economics Association View citations (1)

2010

15. Evolving Market Performance in Brazilian Futures Contracts Using Relative Efficiency
    2010 Annual Meeting, July 25-27, 2010, Denver, Colorado, Agricultural and Applied Economics Association
16. Purpose and potential for commodity exchanges in African economies
    IFPRI discussion papers, International Food Policy Research Institute (IFPRI) View citations (9)

2009

17. Bid-Ask Spreads, Volume, and Volatility: Evidence from Livestock Markets
    2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin, Agricultural and Applied Economics Association
    See also Journal Article Bid-Ask Spreads, Volume, and Volatility: Evidence from Livestock Markets, American Journal of Agricultural Economics, Agricultural and Applied Economics Association (2010) View citations (13) (2010)
18. Do Composite Procedures Really Improve the Accuracy of Outlook Forecasts?
    2009 Conference, April 20-21, 2009, St. Louis, Missouri, NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management View citations (1)
19. Live and Feeder Cattle Options Markets: Returns, Risk, and Volatility Forecasting
    2009 Conference, April 20-21, 2009, St. Louis, Missouri, NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management
    See also Journal Article Live and Feeder Cattle Options Markets: Returns, Risk, and Volatility Forecasting, Journal of Agricultural and Resource Economics, Western Agricultural Economics Association (2011) View citations (4) (2011)
20. Poor Convergence Performance of CBOT Corn, Soybean and Wheat Futures Contracts: Causes and Solutions
    Marketing and Outlook Research Reports, University of Illinois at Urbana-Champaign, Department of Agricultural and Consumer Economics View citations (12)
21. The Effect of Prior Gains and Losses on Current Risk-Taking Using Quantile Regression
    2009 Conference, April 20-21, 2009, St. Louis, Missouri, NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management View citations (1)

2008

22. Cash Settlement of Lean Hog Futures Contracts Reexamined
    2008 Conference, April 21-22, 2008, St. Louis, Missouri, NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management View citations (1)
23. Do Transaction Costs and Risk Preferences Influence Marketing Arrangements in the Illinois Hog Industry?
    2008 Conference, April 21-22, 2008, St. Louis, Missouri, NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management View citations (2)
    See also Journal Article Do Transaction Costs and Risk Preferences Influence Marketing Arrangements in the Illinois Hog Industry?, Journal of Agricultural and Resource Economics, Western Agricultural Economics Association (2009) View citations (11) (2009)
24. Dynamic Decision Making in Agricultural Futures and Options Markets
    2008 Conference, April 21-22, 2008, St. Louis, Missouri, NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management View citations (1)
25. How Much Can Outlook Forecasts be Improved? An Application to the U.S. Hog Market
    2008 Conference, April 21-22, 2008, St. Louis, Missouri, NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management
26. Market Depth in Lean Hog and Live Cattle Futures Markets
    2008 Conference, April 21-22, 2008, St. Louis, Missouri, NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management View citations (3)

2007

27. Basis Risk and Weather Hedging Effectiveness
    101st Seminar, July 5-6, 2007, Berlin Germany, European Association of Agricultural Economists View citations (5)
    See also Journal Article Basis risk and weather hedging effectiveness, Agricultural Finance Review, Emerald Group Publishing Limited (2008) View citations (37) (2008)
28. Information Content in Deferred Futures Prices: Live Cattle and Hogs
    2007 Conference, April 16-17, 2007, Chicago, Illinois, NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management
    See also Journal Article Information Content in Deferred Futures Prices: Live Cattle and Hogs, Journal of Agricultural and Resource Economics, Western Agricultural Economics Association (2008) View citations (2) (2008)
29. Insights into Trader Behavior: Risk Aversion and Probability Weighting
    2007 Conference, April 16-17, 2007, Chicago, Illinois, NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management View citations (3)
30. Measuring Liquidity Costs in Agricultural Futures Markets
    2007 Conference, April 16-17, 2007, Chicago, Illinois, NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management View citations (1)
    Also in 2006 Annual meeting, July 23-26, Long Beach, CA, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) (2006)
    See also Journal Article Measuring the cost of liquidity in agricultural futures markets: Conventional and Bayesian approaches, Agricultural Economics, International Association of Agricultural Economists (2011) (2011)
31. Spatial Aggregation and Weather Risk Management
    2007 Annual Meeting, July 29-August 1, 2007, Portland, Oregon, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) View citations (1)
32. The Performance of Chicago Board of Trade Corn, Soybean, and Wheat Futures Contracts after Recent Changes in Speculative Limits
    2007 Annual Meeting, July 29-August 1, 2007, Portland, Oregon, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) View citations (6)
33. To What Surprises Do Hog Futures Markets Respond?
    2007 Conference, April 16-17, 2007, Chicago, Illinois, NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management
    See also Journal Article To What Surprises Do Hog Futures Markets Respond?, Journal of Agricultural and Applied Economics, Cambridge University Press (2008) View citations (5) (2008)

2006

34. Do Interest Rates Explain Disaggregate Commodity Price Growth?
    2006 Annual meeting, July 23-26, Long Beach, CA, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
35. Farmers' Subjective Perceptions of Yield and Yield Risk
    2006 Conference, April 17-18, 2006, St. Louis, Missouri, NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management View citations (1)
36. Is Storage at a Loss Merely an Illusion of Aggregation?
    2006 Conference, April 17-18, 2006, St. Louis, Missouri, NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management
37. Probability Distortion and Loss Aversion in Futures Hedging
    2006 Conference, April 17-18, 2006, St. Louis, Missouri, NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management
38. Producers' Yield and Yield Risk: Perceptions versus Reality and Crop Insurance Use
    2006 Annual meeting, July 23-26, Long Beach, CA, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) View citations (3)
39. What Drives Strategic Behavior? A Framework to Explain and Predict SMEs' Transition to Sustainable Production Systems
    2006 Annual meeting, July 23-26, Long Beach, CA, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

2005

40. Complex Choices: Producers Risk Management Strategies
    2005 Annual meeting, July 24-27, Providence, RI, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) View citations (3)
41. Intermediate Volatility Forecasts Using Implied Forward Volatility: The Performance of Selected Agricultural Commodity Options
    2005 Conference, April 18-19, 2005, St. Louis, Missouri, NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management
    See also Journal Article Intermediate Volatility Forecasts Using Implied Forward Volatility: The Performance of Selected Agricultural Commodity Options, Journal of Agricultural and Resource Economics, Western Agricultural Economics Association (2006) View citations (9) (2006)
42. Portfolio Diversification with Commodity Futures: Properties of Levered Futures
    2005 Conference, April 18-19, 2005, St. Louis, Missouri, NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management
43. Relaxing Standard Hedging Assumptions in the Presence of Downside Risk
    2005 Conference, April 18-19, 2005, St. Louis, Missouri, NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management View citations (3)
    See also Journal Article Relaxing standard hedging assumptions in the presence of downside risk, The Quarterly Review of Economics and Finance, Elsevier (2008) View citations (9) (2008)
44. Time-Varying Risk Premium or Informational Inefficiency? Further Evidence in Agricultural Futures Markets
    2005 Conference, April 18-19, 2005, St. Louis, Missouri, NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management View citations (2)
    See also Journal Article Time-varying risk premium: further evidence in agricultural futures markets, Applied Economics, Taylor & Francis Journals (2009) View citations (27) (2009)

2004

45. OPTIONS-BASED FORECASTS OF FUTURES PRICES IN THE PRESENCE OF LIMIT MOVES
    2004 Conference, April 19-20, 2004, St. Louis, Missouri, NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management
    See also Journal Article Options-based forecasts of futures prices in the presence of limit moves, Applied Economics, Taylor & Francis Journals (2007) View citations (4) (2007)
46. PERCEPTIONS OF FUTURES MARKET LIQUIDITY: AN EMPIRICAL STUDY OF CBOT & CME TRADERS
    2004 Conference, April 19-20, 2004, St. Louis, Missouri, NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management
47. PRICE DISCOVERY IN THINLY TRADED MARKETS: CASH AND FUTURES RELATIONSHIPS IN BRAZILIAN AGRICULTURAL FUTURES MARKETS
    2004 Conference, April 19-20, 2004, St. Louis, Missouri, NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management View citations (23)
48. STRATEGIC RISK MANAGEMENT BEHAVIOR: WHAT CAN UTILITY FUNCTIONS TELL US?
    2004 Annual meeting, August 1-4, Denver, CO, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

2003

49. ENGAGING STUDENTS IN RESEARCH: THE USE OF STRUCTURED PROFESSIONAL DIALOGUE
    2003 Annual meeting, July 27-30, Montreal, Canada, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) View citations (1)
50. FUTURES MARKET DEPTH: REVEALED VS. PERCEIVED PRICE ORDER IMBALANCES
    2003 Conference, April 21-22, 2003, St. Louis, Missouri, NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management
51. HOW TO GROUP MARKET PARTICIPANTS? HETEROGENEITY IN HEDGING BEHAVIOR
    2003 Annual meeting, July 27-30, Montreal, Canada, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
52. THE FEASIBILITY OF A BOXED BEEF FUTURES CONTRACT: HEDGING WHOLESALE BEEF CUTS
    2003 Conference, April 21-22, 2003, St. Louis, Missouri, NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management View citations (4)
53. THE TERM STRUCTURE OF IMPLIED FORWARD VOLATILITY: RECOVERY AND INFORMATIONAL CONTENT IN THE CORN OPTIONS MARKET
    2003 Conference, April 21-22, 2003, St. Louis, Missouri, NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management View citations (1)
    See also Journal Article The Term Structure of Implied Forward Volatility: Recovery and Informational Content in the Corn Options Market, American Journal of Agricultural Economics, Agricultural and Applied Economics Association (2007) View citations (31) (2007)

2002

54. AN EVALUATION OF CROP FORECAST ACCURACY FOR CORN AND SOYBEANS: USDA AND PRIVATE INFORMATION SERVICES
    2002 Conference, April 22-23, 2002, St. Louis, Missouri, NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management View citations (3)

2001

55. Local Polynomial Kernel Forecasts and Management of Price Risks using Futures Markets
    2001 Conference, April 23-24, 2001, St. Louis, Missouri, NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management
56. Unobserved Heterogeneity: Evidence and Implications for SMEs' Hedging Behavior
    2001 Conference, April 23-24, 2001, St. Louis, Missouri, NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management View citations (2)

2000

57. THE EFFECTS OF THE MICRO-MARKET STRUCTURE ON ILLINOIS ELEVATOR SPATIAL CORN PRICE DIFFERENTIALS
    2000 Conference, April 17-18 2000, Chicago, Illinois, NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management
58. TIME-VARYING MULTIPRODUCT HEDGE RATIO ESTIMATION IN THE SOYBEAN COMPLEX: A SIMPLIFIED APPROACH
    2000 Conference, April 17-18 2000, Chicago, Illinois, NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management View citations (7)

1999

59. FACTORS EXPLAINING THE DIFFUSION OF HYBRID MAIZE: EVIDENCE FROM LATIN AMERICA AND THE CARIBBEAN IN SUPPORT OF THE LIFE CYCLE THEORY OF SEED INDUSTRY DEVELOPMENT
    1999 Annual meeting, August 8-11, Nashville, TN, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
60. TOWARDS MEASURING PRODUCER WELFARE UNDER OUTPUT PRICE UNCERTAINTY AND RISK NON-NEUTRALITY
    1999 Annual meeting, August 8-11, Nashville, TN, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

1998

61. A NONLINEAR MODEL OF INFORMATION AND COORDINATION IN HOG PRODUCTION: TESTING THE COASIAN-FOWLERIAN DYNAMIC HYPOTHESES
    1998 Annual meeting, August 2-5, Salt Lake City, UT, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) View citations (1)
62. The Forecasting Value of New Crop Futures: A Decision-Making Framework
    Finance, University Library of Munich, Germany

1997

63. Did Producer Hedging Opportunities in the Live Hog Contract Decline?
    Finance, University Library of Munich, Germany View citations (1)
64. Estimation of Time-Varying Hedge Ratios for Corn and Soybeans: BGARCH and Random Coefficient Approaches
    Finance, University Library of Munich, Germany View citations (38)

1991

65. MEATPACKER CONDUCT AND PRICE DYNAMICS: AN INVESTIGATION OF LIVE CATTLE MARKETS
    1991 Annual Meeting, August 4-7, Manhattan, Kansas, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

1988

66. BASIS EXEPECTATIONS AND SOYBEAN HEDGING EFFECTIVENESS
    Working Papers, Columbia - Center for Futures Markets
    See also Journal Article Basis Expectations and Soybean Hedging Effectiveness, Review of Agricultural Economics, Agricultural and Applied Economics Association (1990) View citations (14) (1990)

1986

67. Incorporating Basis Expectation into Hedging Effectiveness Measures
    1986 Annual Meeting, July 27-30, Reno, Nevada, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
68. THE EFFECTS OF AGRICULTURAL GROWTH ON AGRICULTURAL IMPORTS IN DEVELOPING COUNTRIES
    1986 Annual Meeting, July 27-30, Reno, Nevada, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) View citations (7)
    See also Journal Article The Effects of Agricultural Growth on Agricultural Imports in Developing Countries, American Journal of Agricultural Economics, Agricultural and Applied Economics Association (1986) View citations (7) (1986)

Undated

69. Commodity Storage under Backwardation: Does the Working Curve Still Work?
    2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania, Agricultural and Applied Economics Association
    See also Journal Article Commodity Storage under Backwardation: Does the Working Curve Still Work?, Applied Economic Perspectives and Policy, Agricultural and Applied Economics Association (2016) View citations (6) (2016)

Journal Articles

2018

1. Graphical Illustration of Interaction Effects in Binary Choice Models: A Note
   Journal of Agricultural Economics, 2018, 69, (3), 852-858
2. Intraday market effects in electronic soybean futures market during non-trading and trading hour announcements
   Applied Economics, 2018, 50, (11), 1188-1202 View citations (9)
   See also Working Paper Intraday Market Effects in Electronic Soybean Futures Market during Non-Trading and Trading Hour Announcements, 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts (2016) (2016)
3. Short-term price density forecasts in the lean hog futures market
   European Review of Agricultural Economics, 2018, 45, (1), 121-142 View citations (2)
4. Speculation and corn prices
   Applied Economics, 2018, 50, (44), 4724-4744 View citations (16)
5. The components of the bid†ask spread: Evidence from the corn futures market
   Agricultural Economics, 2018, 49, (3), 381-393 View citations (11)

2017

6. New Evidence that Index Traders Did Not Drive Bubbles in Grain Futures Markets
   Journal of Agricultural and Resource Economics, 2017, 42, (01), 23 View citations (10)
7. Risk attitudes and the structure of decision†making: evidence from the Illinois hog industry
   Agricultural Economics, 2017, 48, (1), 41-50 View citations (7)

2016

8. Commodity Storage under Backwardation: Does the Working Curve Still Work?
   Applied Economic Perspectives and Policy, 2016, 38, (1), 152-173 View citations (6)
   See also Working Paper Commodity Storage under Backwardation: Does the Working Curve Still Work?, 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania
9. Price Density Forecasts in the U.S. Hog Markets: Composite Procedures
   American Journal of Agricultural Economics, 2016, 98, (5), 1529-1544 View citations (3)

2015

10. $25 spring wheat was a bubble, right?
    Agricultural Finance Review, 2015, 75, (1), 114-132 View citations (2)
11. Futures Market Failure?
    American Journal of Agricultural Economics, 2015, 97, (1), 40-64 View citations (34)
12. Price Explosiveness, Speculation, and Grain Futures Prices
    American Journal of Agricultural Economics, 2015, 97, (1), 65-87 View citations (39)

2014

13. Bubbles in food commodity markets: Four decades of evidence
    Journal of International Money and Finance, 2014, 42, (C), 129-155 View citations (111)
14. Gone in Ten Minutes: Intraday Evidence of Announcement Effects in the Electronic Corn Futures Market
    Applied Economic Perspectives and Policy, 2014, 36, (3), 504-526 View citations (47)
15. Measuring the effect of risk attitude on marketing behavior
    Agricultural Economics, 2014, 45, (5), 525-535 View citations (15)
16. The Behavior of Bid-Ask Spreads in the Electronically-Traded Corn Futures Market
    American Journal of Agricultural Economics, 2014, 96, (2), 557-577 View citations (13)

2013

17. Returns to individual traders in agricultural futures markets: skill or luck?
    Applied Economics, 2013, 45, (25), 3650-3666 View citations (9)
18. Solving the Commodity Markets’ Non-Convergence Puzzle
    Amber Waves:The Economics of Food, Farming, Natural Resources, and Rural America, 2013, (07), 1

2012

19. Composite and Outlook Forecast Accuracy
    Journal of Agricultural and Resource Economics, 2012, 37, (2), 19 View citations (5)
20. Crop Production Contracts and Marketing Strategies: What Drives Their Use?
    Agribusiness, 2012, 28, (3), 324-340 View citations (17)
21. Measuring the degree to which probability weighting affects risk-taking Behavior in financial decisions
    Journal of Finance and Investment Analysis, 2012, 1, (2), 1 View citations (1)
22. Volatility Spillovers in U.S. Crude Oil, Ethanol, and Corn Futures Markets
    Journal of Agricultural and Resource Economics, 2012, 37, (2), 16 View citations (100)

2011

23. Improving the accuracy of outlook price forecasts
    Agricultural Economics, 2011, 42, (3), 357-371 View citations (7)
24. Live and Feeder Cattle Options Markets: Returns, Risk, and Volatility Forecasting
    Journal of Agricultural and Resource Economics, 2011, 36, (01), 20 View citations (4)
    See also Working Paper Live and Feeder Cattle Options Markets: Returns, Risk, and Volatility Forecasting, 2009 Conference, April 20-21, 2009, St. Louis, Missouri (2009) (2009)
25. Measuring the cost of liquidity in agricultural futures markets: Conventional and Bayesian approaches
    Agricultural Economics, 2011, 42, 131-140
    See also Working Paper Measuring Liquidity Costs in Agricultural Futures Markets, 2007 Conference, April 16-17, 2007, Chicago, Illinois (2007) View citations (1) (2007)
26. Spreads and Non-Convergence in Chicago Board of Trade Corn, Soybean, and Wheat Futures: Are Index Funds to Blame?
    Applied Economic Perspectives and Policy, 2011, 33, (1), 116-142 View citations (32)
    Also in Applied Economic Perspectives and Policy, 2011, 33, (1), 116-142 (2011) View citations (30)

2010

27. Bid-Ask Spreads, Volume, and Volatility: Evidence from Livestock Markets
    American Journal of Agricultural Economics, 2010, 93, (1), 209-225 View citations (13)
    See also Working Paper Bid-Ask Spreads, Volume, and Volatility: Evidence from Livestock Markets, 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin (2009) (2009)
28. Is Hedging a Habit? Hedging Ratio Determination of Cotton Producers
    Journal of Agribusiness, 2010, 28, (01), 18 View citations (2)
29. RISK AND HEDGING BEHAVIOR: THE ROLE AND DETERMINANTS OF LATENT HETEROGENEITY
    Journal of Financial Research, 2010, 33, (4), 373-401 View citations (3)

2009

30. Do Transaction Costs and Risk Preferences Influence Marketing Arrangements in the Illinois Hog Industry?
    Journal of Agricultural and Resource Economics, 2009, 34, (2), 19 View citations (11)
    See also Working Paper Do Transaction Costs and Risk Preferences Influence Marketing Arrangements in the Illinois Hog Industry?, 2008 Conference, April 21-22, 2008, St. Louis, Missouri (2008) View citations (2) (2008)
31. Is Storage at a Loss Merely an Illusion of Spatial Aggregation?
    Journal of Agribusiness, 2009, 27, (01-2), 20 View citations (2)
32. Managing price risks using and local polynomial kernel forecasts
    Applied Economics, 2009, 41, (23), 3015-3026 View citations (1)
33. The informational content of the shape of utility functions: financial strategic behavior
    Managerial and Decision Economics, 2009, 30, (2), 83-90 View citations (10)
34. Time-varying risk premium: further evidence in agricultural futures markets
    Applied Economics, 2009, 41, (6), 715-725 View citations (27)
    See also Working Paper Time-Varying Risk Premium or Informational Inefficiency? Further Evidence in Agricultural Futures Markets, 2005 Conference, April 18-19, 2005, St. Louis, Missouri (2005) View citations (2) (2005)
35. Understanding heterogeneous preferences of cooperative members
    Agribusiness, 2009, 25, (1), 90-111 View citations (19)

2008

36. Basis risk and weather hedging effectiveness
    Agricultural Finance Review, 2008, 68, (1), 99-117 View citations (37)
    See also Working Paper Basis Risk and Weather Hedging Effectiveness, 101st Seminar, July 5-6, 2007, Berlin Germany (2007) View citations (5) (2007)
37. Information Content in Deferred Futures Prices: Live Cattle and Hogs
    Journal of Agricultural and Resource Economics, 2008, 33, (01), 12 View citations (2)
    See also Working Paper Information Content in Deferred Futures Prices: Live Cattle and Hogs, 2007 Conference, April 16-17, 2007, Chicago, Illinois (2007) (2007)
38. Probability weighting and loss aversion in futures hedging
    Journal of Financial Markets, 2008, 11, (4), 433-452 View citations (7)
39. Producers' complex risk management choices
    Agribusiness, 2008, 24, (1), 31-54 View citations (12)
40. Recent Convergence Performance of CBOT Corn, Soybean, and Wheat Futures Contracts
    Choices: The Magazine of Food, Farm, and Resource Issues, 2008, 23, (2), 6 View citations (9)
41. Relaxing standard hedging assumptions in the presence of downside risk
    The Quarterly Review of Economics and Finance, 2008, 48, (1), 78-93 View citations (9)
    See also Working Paper Relaxing Standard Hedging Assumptions in the Presence of Downside Risk, 2005 Conference, April 18-19, 2005, St. Louis, Missouri (2005) View citations (3) (2005)
42. To What Surprises Do Hog Futures Markets Respond?
    Journal of Agricultural and Applied Economics, 2008, 40, (1), 73-87 View citations (5)
    See also Working Paper To What Surprises Do Hog Futures Markets Respond?, 2007 Conference, April 16-17, 2007, Chicago, Illinois (2007) (2007)
43. Weather Derivatives, Spatial Aggregation, and Systemic Risk: Implications for Reinsurance Hedging
    Journal of Agricultural and Resource Economics, 2008, 33, (01), 18 View citations (12)

2007

44. Is there Evidence of Learning-by-Exporting in Turkish Manufacturing Industries?
    International Review of Applied Economics, 2007, 21, (2), 293-305 View citations (8)
45. Options-based forecasts of futures prices in the presence of limit moves
    Applied Economics, 2007, 39, (2), 145-152 View citations (4)
    See also Working Paper OPTIONS-BASED FORECASTS OF FUTURES PRICES IN THE PRESENCE OF LIMIT MOVES, 2004 Conference, April 19-20, 2004, St. Louis, Missouri (2004) (2004)
46. Predicting S&P 500 volatility for intermediate time horizons using implied forward volatility
    Applied Economics Letters, 2007, 15, (1), 31-34 View citations (1)
47. The Term Structure of Implied Forward Volatility: Recovery and Informational Content in the Corn Options Market
    American Journal of Agricultural Economics, 2007, 89, (1), 1-11 View citations (31)
    See also Working Paper THE TERM STRUCTURE OF IMPLIED FORWARD VOLATILITY: RECOVERY AND INFORMATIONAL CONTENT IN THE CORN OPTIONS MARKET, 2003 Conference, April 21-22, 2003, St. Louis, Missouri (2003) View citations (1) (2003)

2006

48. Intermediate Volatility Forecasts Using Implied Forward Volatility: The Performance of Selected Agricultural Commodity Options
    Journal of Agricultural and Resource Economics, 2006, 31, (3), 21 View citations (9)
    See also Working Paper Intermediate Volatility Forecasts Using Implied Forward Volatility: The Performance of Selected Agricultural Commodity Options, 2005 Conference, April 18-19, 2005, St. Louis, Missouri (2005) (2005)

2005

49. Measuring producer welfare under output price uncertainty and risk non-neutrality
    Australian Journal of Agricultural and Resource Economics, 2005, 49, (01), 21 View citations (1)
    Also in Australian Journal of Agricultural and Resource Economics, 2005, 49, (1), 1-21 (2005) View citations (4)
50. The poverty challenge: How individual decision-making behavior influences poverty
    Economics Letters, 2005, 88, (1), 115-119 View citations (3)
51. Towards a Theory of Revealed Economic Behavior: The Economic-Neurosciences Interface
    Journal of Bioeconomics, 2005, 7, (2), 113-127

2004

52. A selected review of agricultural commodity futures and options markets
    European Review of Agricultural Economics, 2004, 31, (3), 235-272 View citations (57)
53. Hedging behavior in small and medium-sized enterprises: The role of unobserved heterogeneity
    Journal of Banking & Finance, 2004, 28, (5), 951-978 View citations (38)

2003

54. A statistical method of multi-market welfare analysis applied to Japanese beef policy liberalization
    Journal of Policy Modeling, 2003, 25, (3), 237-256 View citations (12)
55. An Evaluation of Crop Forecast Accuracy for Corn and Soybeans: USDA and Private Information Agencies
    Journal of Agricultural and Applied Economics, 2003, 35, (1), 79-95 View citations (34)
56. Engaging Students in Research: The Use of Professional Dialogue
    Review of Agricultural Economics, 2003, 25, (2), 569-577 View citations (2)
    Also in Review of Agricultural Economics, 2003, 25, (2), 569-577 (2003)
57. What Killed the Diammonium Phosphate Futures Contract?
    Review of Agricultural Economics, 2003, 25, (2), 483-505 View citations (5)
    Also in Review of Agricultural Economics, 2003, 25, (2), 483-505 (2003) View citations (4)

2001

58. Factors explaining the diffusion of hybrid maize in Latin America and the Caribbean region
    Agricultural Economics, 2001, 26, (3), 267-280 View citations (4)
59. Market Liberalisation, Vertical Integration and Price Behaviour in Tanzania's Coffee Auction
    Development Policy Review, 2001, 19, (2), 205-222 View citations (3)
60. Measuring Producers' Risk Preferences: A Global Risk-Attitude Construct
    American Journal of Agricultural Economics, 2001, 83, (4), 993-1009 View citations (79)

1999

61. Testing the Efficient Redistribution Hypothesis: An Application to Japanese Beef Policy
    American Journal of Agricultural Economics, 1999, 81, (2), 408-423 View citations (5)

1998

62. The Incidence of Producer Welfare Losses from Food Safety Regulation in the Meat Industry
    Review of Agricultural Economics, 1998, 20, (1), 186-201 View citations (9)

1997

63. MEAT-PACKER CONDUCT IN FED CATTLE PRICING: MULTIPLE-MARKET OLIGOPSONY POWER
    Journal of Agricultural and Resource Economics, 1997, 22, (01), 17 View citations (30)
64. The value of public information in commodity futures markets
    Journal of Economic Behavior & Organization, 1997, 32, (4), 559-570 View citations (40)

1996

65. Ex ante basis risk in the live hog futures contract: Has hedgers' risk increased?
    Journal of Futures Markets, 1996, 16, (4), 421-440 View citations (5)
66. Recovering probabilistic information from option markets: Tests of distributional assumptions
    Journal of Futures Markets, 1996, 16, (5), 545-560 View citations (14)
67. The Value of Information to Hedgers in the Presence of Futures and Options
    Review of Agricultural Economics, 1996, 18, (3), 437-447 View citations (4)
68. The demise of the high fructose corn syrup futures contract: A case study
    Journal of Futures Markets, 1996, 16, (6), 697-724 View citations (14)

1994

69. Aggregate Versus Disaggregate Analysis: Corn and Soybean Acreage Response in Illinois
    Review of Agricultural Economics, 1994, 16, (1), 17-26 View citations (7)
70. ESTIMATING CORN YIELD RESPONSE MODELS TO PREDICT IMPACTS OF CLIMATE CHANGE
    Journal of Agricultural and Resource Economics, 1994, 19, (01), 11 View citations (23)
71. Noncompetitive Pricing and Exchange Rate Pass-Through in Selected U.S. and Thai Rice Markets
    Journal of Agricultural and Applied Economics, 1994, 26, (2), 406-416 View citations (16)
72. THE USE OF MEAN-VARIANCE FOR COMMODITY FUTURES AND OPTIONS HEDGING DECISIONS
    Journal of Agricultural and Resource Economics, 1994, 19, (01), 14 View citations (15)
73. The Returns and Forecasting Ability of Large Traders in the Frozen Pork Bellies Futures Market
    The Journal of Business, 1994, 67, (3), 459-73 View citations (29)

1993

74. Meatpacker Conduct in Fed Cattle Pricing: An Investigation of Oligopsony Power
    American Journal of Agricultural Economics, 1993, 75, (3), 537-548 View citations (42)
75. Robust live hog pricing strategies under uncertain prices and risk preferences
    Journal of Futures Markets, 1993, 13, (8), 849-864 View citations (1)
76. TECHNICAL EFFICIENCY: A COMPARISON OF PRODUCTION FRONTIER METHODS
    Journal of Agricultural Economics, 1993, 44, (3), 479-489 View citations (13)

1992

77. The Effects of Spain's Entry into the European Community on the Spanish Hog Market
    European Review of Agricultural Economics, 1992, 19, (4), 455-71 View citations (3)

1991

78. EFFICIENCY MEASURES USING THE RAY-HOMOTHETIC FUNCTION: A MULTIPERIOD ANALYSIS
    Southern Journal of Agricultural Economics, 1991, 23, (2), 9 View citations (4)
    Also in Journal of Agricultural and Applied Economics, 1991, 23, (2), 113-122 (1991) View citations (3)

1990

79. Basis Expectations and Soybean Hedging Effectiveness
    Review of Agricultural Economics, 1990, 12, (1), 125-136 View citations (14)
    See also Working Paper BASIS EXEPECTATIONS AND SOYBEAN HEDGING EFFECTIVENESS, Working Papers (1988) (1988)
80. Dominant‐satellite relationships between live cattle cash and futures markets
    Journal of Futures Markets, 1990, 10, (2), 123-136 View citations (14)
81. PRICE FORECASTING WITH TIME-SERIES METHODS AND NONSTATIONARY DATA: AN APPLICATION TO MONTHLY U.S. CATTLE PRICES
    Western Journal of Agricultural Economics, 1990, 15, (01), 10 View citations (5)

1989

82. Exchange Rate Uncertainty and the Demand for U.S. Soybeans
    American Journal of Agricultural Economics, 1989, 71, (3), 721-729 View citations (11)
83. Using a Decision Support Framework to Evaluate Forecasts
    Review of Agricultural Economics, 1989, 11, (2), 233-242

1988

84. IDENTIFYING CAUSAL RELATIONSHIPS BETWEEN NONSTATIONARY STOCHASTIC PROCESSES: AN EXAMINATION OF ALTERNATIVE APPROACHES IN SMALL SAMPLES
    Western Journal of Agricultural Economics, 1988, 13, (2), 14 View citations (5)
85. Pricing Efficiency in the Live Cattle Futures Market: Further Interpretation and Measurement
    American Journal of Agricultural Economics, 1988, 70, (1), 162-169 View citations (23)
86. THE PRICING EFFICIENCY OF AGRICULTURAL FUTURES MARKETS: AN ANALYSIS OF PREVIOUS RESEARCH RESULTS
    Southern Journal of Agricultural Economics, 1988, 20, (01), 12 View citations (22)
    Also in Journal of Agricultural and Applied Economics, 1988, 20, (1), 119-130 (1988) View citations (20)

1987

87. Size Distribution and Growth in a Sample of Illinois Cash Grain Farms
    American Journal of Agricultural Economics, 1987, 69, (2), 471-476 View citations (18)
88. The Distribution of Gains from Technological Advance When Input Quality Varies
    American Journal of Agricultural Economics, 1987, 69, (2), 321-327
89. Usefulness of Pretests for Estimating Underlying Technologies Using Dual Profit Functions
    International Economic Review, 1987, 28, (3), 623-33 View citations (9)

1986

90. Lead‐lag relationships between trading volume and price variability: New evidence
    Journal of Futures Markets, 1986, 6, (1), 1-10 View citations (21)
91. Measuring the benefits of environmental change using a duality approach: The case of ozone and Illinois cash grain farms
    Journal of Environmental Economics and Management, 1986, 13, (1), 69-80 View citations (6)
92. The Effects of Agricultural Growth on Agricultural Imports in Developing Countries
    American Journal of Agricultural Economics, 1986, 68, (5), 1347-1352 View citations (7)
    See also Working Paper THE EFFECTS OF AGRICULTURAL GROWTH ON AGRICULTURAL IMPORTS IN DEVELOPING COUNTRIES, 1986 Annual Meeting, July 27-30, Reno, Nevada (1986) View citations (7) (1986)

1985

93. Primal versus Dual Methods for Measuring the Impact of Ozone on Cash Grain Farmers
    American Journal of Agricultural Economics, 1985, 67, (2), 402-406 View citations (3)

1984

94. Basis Risk: Measurement and Analysis of Basis Fluctuations for Selected Livestock Markets
    American Journal of Agricultural Economics, 1984, 66, (4), 499-504 View citations (9)
95. COMBINING ECONOMIC AND BIOLOGICAL DATA TO ESTIMATE THE IMPACT OF POLLUTION ON CROP PRODUCTION
    Western Journal of Agricultural Economics, 1984, 09, (2), 10 View citations (1)
96. Farm Size, Tenure, and Economic Efficiency in a Sample of Illinois Grain Farms: Reply
    American Journal of Agricultural Economics, 1984, 66, (4), 517-519

1983

97. A Multivariate Logit Analysis of Farmers' Use of Financial Information
    American Journal of Agricultural Economics, 1983, 65, (1), 136-141 View citations (5)

1982

98. Farm Size, Tenure, and Economic Efficiency in a Sample of Illinois Grain Farms
    American Journal of Agricultural Economics, 1982, 64, (1), 119-123 View citations (30)
99. The Impact of Price Risk on Sow Farrowings, 1967–78
    American Journal of Agricultural Economics, 1982, 64, (3), 565-568 View citations (5)

1981

100. The Price-Forecasting Performance of Futures Markets for Live Cattle and Hogs: A Disaggregated Analysis
     American Journal of Agricultural Economics, 1981, 63, (2), 209-215 View citations (45)

Chapters

2014

1. Bubbles, Food Prices, and Speculation: Evidence from the CFTC's Daily Large Trader Data Files
   A chapter in The Economics of Food Price Volatility, 2014, pp 211-253 View citations (10)
   See also Working Paper Bubbles, Food Prices, and Speculation: Evidence from the CFTC's Daily Large Trader Data Files, National Bureau of Economic Research, Inc (2013) View citations (28) (2013)