The Impact of Multiple Volatilities on Import Demand for U.S. Grain: The Case of Soybeans

Qiang Zhang and Michael Reed

No 21079, 2006 Annual meeting, July 23-26, Long Beach, CA from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: This study attempts to investigate the effects of exchange rate, soybean price, and ocean freight costs on import demand for U.S. grain with forward-futures markets. The focus is on soybeans. The panel data cover the major exporting markets for U.S. soybeans over the last decade. China and Mexico are analyzed as two specific case analyses excluded from the panel data analysis. Furthermore, the bilateral data of Brazilian exported soybeans to its exporting markets with the same procedures are employed as comparisons with U.S. The effects of these three market volatilities, exchange rate, soybeans price, and ocean freight cost for the U.S. and Brazilian models have differences comparing with empirical results.

Keywords: International; Relations/Trade (search for similar items in EconPapers)
Pages: 33
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea06:21079

DOI: 10.22004/ag.econ.21079

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