Cointegration Analysis of Stocks-to-Use Ratios with Price and Acreage Response for Corn, Soybeans, and Wheat

Archie Flanders

Journal of Agribusiness, 2017, vol. 35, issue 01

Abstract: Supply and demand interactions determine prices that ration corn, soybeans, and wheat among various uses. This analysis investigates equilibrium conditions with supply and demand as determined by the stocks-to-use ratio. Results indicate that prices are inversely related with stocks-to-use ratios, and market equilibrium is maintained by corresponding acreage adjustments.

Keywords: Agribusiness; Production Economics (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:ags:jloagb:302506

DOI: 10.22004/ag.econ.302506

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