Producer Ability to Forecast Harvest Corn and Soybean Prices

David Kenyon

No 285686, 1981-1999 Conference Archive from NCR-134/ NCCC-134 Applied Commodity Price Analysis, Forecasting, and Market Risk Management

Abstract: Corn and soybean producers' most likely low and high harvest price expectations were obtained in January and February each year from 1991-1996. Average expectations missed corn prices by $0.23-0.65 per bushel and missed soybean prices by $0.51-1.04 per bushel. Producer price expectations covered a wide range -- $1.00 for corn and $1.70 for soybeans. They consistently underestimated the probability of large price changes from January-February until harvest.

Keywords: Marketing (search for similar items in EconPapers)
Date: 1997-04
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Persistent link: https://EconPapers.repec.org/RePEc:ags:nc8191:285686

DOI: 10.22004/ag.econ.285686

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