Market Advisory Service Recommendations and Wheat Producers' Selling Decisions

Joni M. Klumpp, B Brorsen and Kim B. Anderson

Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, 2008, vol. 56, issue 1, 117-128

Abstract: This study uses actual producer transaction data to determine how Oklahoma wheat producers' selling decisions compare to recommendations from market advisory services and market incentives as reflected in futures spreads. Results show that producers responded to expected returns to storage as measured by futures spreads. Also, Oklahoma producers make marketing decisions that are either unrelated or the opposite of recommendations from market advisory services. La présente étude a utilisé des données de transactions réelles pour comparer les décisions de vente des producteurs de blé de l'Oklahoma avec les recommandations faites par des services consultatifs et les stimulants du marché tels que reflétés dans les écarts. Les résultats ont montré que les producteurs ont réagi aux rendements attendus de l'entreposage tels que mesurés par les écarts. De plus, les décisions commerciales des producteurs de l'Oklahoma sont soit indépendantes des recommandations des services conseils, soit totalement contraires à ces recommandations.

Date: 2008
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