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

Rolf A.E. Mueller and Daniel Sumner

No 278570, 1985 Annual Meeting, August 4-7, Ames, Iowa from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: 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.

Keywords: Crop Production/Industries; International Relations/Trade; Marketing (search for similar items in EconPapers)
Pages: 15
Date: 1985-08
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea85:278570

DOI: 10.22004/ag.econ.278570

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