Impacts of Futures Markets Speculation and Rail Transportation Networks on Commodity Basis Behavior

Joshua Woodard, Tridib Dutta and Lin Xue

No 236159, 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts from Agricultural and Applied Economics Association

Abstract: Interactions between rail and transportation networks on commodity price behavior and grain flows remains an important issue in the agricultural sector, from both an industry and policy perspective. This study explores the determinants of commodity price basis and basis convergence with a particular focus on the influence of futures market speculation in conjunction with rail rates and transportation networks, and finds that speculative positions have a significant widening impact on the basis. An overview of the data automation and data sourcing routines used in the study, employing the Ag-Analytics.org platform, is also presented.

Keywords: Agribusiness; Agricultural and Food Policy; Financial Economics; Public Economics (search for similar items in EconPapers)
Date: 2016
New Economics Papers: this item is included in nep-com and nep-tre
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea16:236159

DOI: 10.22004/ag.econ.236159

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