Sabiia Seb
PortuguêsEspañolEnglish
Embrapa
        Busca avançada

Botão Atualizar


Botão Atualizar

Ordenar por: RelevânciaAutorTítuloAnoImprime registros no formato resumido
Registros recuperados: 18
Primeira ... 1 ... Última
Imagem não selecionada

Imprime registro no formato completo
Analysis of Expected Price Dynamics Between Fluid Milk Futures Contracts and Cash Prices for Fluid Milk AgEcon
Fortenbery, T. Randall; Cropp, Robert A.; Zapata, Hector O..
Future contracts for fluid milk began trading in late 1995 and early 1996. This paper investigates the potential use of fluid milk futures contracts as hedge vehicles for dairy producers in the Upper Midwest and California markets. This is done by developing simulated futures prices for the period 1988 to 1995. The simulated futures prices are used to estimate basis relationships between cash and futures prices for the markets considered. Results suggest that the fluid milk futures contracts could be used to reduce market price risk for producers in the Upper Midwest. Results were less conclusive for California producers.
Tipo: Journal Article Palavras-chave: Fluid milk futures; Contracts; Basis; Dairy markets; Agribusiness; Demand and Price Analysis.
Ano: 1997 URL: http://purl.umn.edu/90427
Imagem não selecionada

Imprime registro no formato completo
Basis Volatilities of Corn and Soybean in Spatially Separated Markets: The Effect of Ethanol Demand AgEcon
Bekkerman, Anton; Pelletier, Denis.
The 2006 spike in corn-based ethanol demand has contributed to the increase in basis volatility in corn and soybean markets across the United States, which has, to a significant degree, led to the observed large jumps in the prices of the two commodities. Despite the overall rise in basis volatility, there remain differences in the degree of volatility that exists across spatially separated markets, which might be caused by factors such as transportation costs, seasonality, and time-to-delivery. The focus of this study is threefold first, this work models basis data for six corn and soybean markets by using a multivariate GARCH model that incorporates the spatial linkages of these markets; next, the model is used to investigate whether the increase in...
Tipo: Conference Paper or Presentation Palavras-chave: Basis; Spatially separated markets; Multivariate GARCH; Volatility; Agricultural Finance; Demand and Price Analysis; Q11; Q14; G13.
Ano: 2009 URL: http://purl.umn.edu/49281
Imagem não selecionada

Imprime registro no formato completo
CALENDAR VS. WEEKS TO EXPIRATION LIVESTOCK BASIS FORECASTS: WHICH IS BETTER? AgEcon
Tonsor, Glynn T.; Khuyvetter, Kevin C.; Mintert, James R..
The ability to accurately forecast basis is crucial to risk management strategies employed by many agribusiness firms. Previous research has examined how to effectively use basis forecasts and what factors affect basis, but literature focusing on forecasting basis is sparse. This research evaluates the impact of adopting a time-to-expiration approach, as compared to the more common calendar approach, when forecasting feeder cattle, live cattle, and hog basis. Furthermore, the optimal number of past year's basis levels to include in making basis predictions is evaluated in an out-of-sample framework. Absolute basis forecasts errors are generated for all three commodities and evaluated to determine the signifcance of the two issues mentioned above....
Tipo: Conference Paper or Presentation Palavras-chave: Livestock prices; Basis; Hedging; Basis forecasts; Livestock Production/Industries; Marketing.
Ano: 2003 URL: http://purl.umn.edu/18978
Imagem não selecionada

Imprime registro no formato completo
Determinants of Iowa Cropland Cash Rental Rates: Testing Ricardian Rent Theory AgEcon
Du, Xiaodong; Hennessy, David A.; Edwards, William M..
Based on the Ricardian rent theory, this study employs the variable profit function to analyze the determinants of Iowa cropland cash rental rates using county-level panel data from 1987 to 2005. Accounting for spatial and temporal autocorrelations, responses of local cash rental rates to changes in output prices and other exogenous variables are estimated. We find that Iowa cash rental rates are largely determined by output/input prices, soil quality, relative location, and other county-specific factors. Cash rents go up by $79 for a $1 increase in corn price in the short run. The marginal value of cropland quality, as represented by row-crop corn suitability rating index, is about $1.05. Ethanol plants are not found to have a significant local effect on...
Tipo: Working or Discussion Paper Palavras-chave: Bargaining; Basis; Ethanol; Land quality shadow price; Rate of adjustment; Spatial autocorrelation; Land Economics/Use.
Ano: 2007 URL: http://purl.umn.edu/7700
Imagem não selecionada

Imprime registro no formato completo
FACTORS AFFECTING LIVE CATTLE BASIS AgEcon
Parcell, Joseph L.; Schroeder, Ted C.; Dhuyvetter, Kevin C..
Cattle producers and beef packers need to understand basis determinants as they develop price expectations and make pricing, hedging, and forward contracting decisions. This study empirically estimated factors explaining variability in monthly fed cattle basis. The five main results regarding live cattle basis are 1) corn price is an important determinant, 2) a change in the value of the Choice-to-Select spread positively affects basis, 3) changes in the levels of captive supplies have no significant statistical or economic impact on basis 4) the June 1995 live cattle futures contract did not impact basis, and 5) both market fundamentals and seasonal components are important basis determinants.
Tipo: Journal Article Palavras-chave: Basis; Fed cattle; Cattle prices; Livestock Production/Industries; Marketing.
Ano: 2000 URL: http://purl.umn.edu/15319
Imagem não selecionada

Imprime registro no formato completo
Factors Influencing Basis and the Speed of Basis Adjustment in Grain Markets AgEcon
Riley, John Michael.
Basis for grains and other crops has widened in recent years. Many factors are attributable to basis changes. However, in the Mississippi Delta region basis levels rose sharply in 2007 and 2008. Comparatively, although basis levels for corn and soybeans did widen in the Midwestern region it was to a lesser extent. Much the same is true with regard to wheat when comparing the Delta region with that of Western Kansas.
Tipo: Conference Paper or Presentation Palavras-chave: Basis; Spatial prices; Marketing; Q13.
Ano: 2010 URL: http://purl.umn.edu/56540
Imagem não selecionada

Imprime registro no formato completo
Fed Cattle Forward Contract Volume and Basis Relationship AgEcon
Abahana, Zelalem; Diersen, Matthew A.; Li, Jing; Klein, Nicole L..
The poster covers analysis and models of forward contracting during the contracting period. A conceptual model is presented to explain how contracting patterns relate to industry factors and negotiation power of buyers and sellers. Time series techniques are used to model basis, weekly volume, and total volume. Forecasting models are also presented.
Tipo: Conference Paper or Presentation Palavras-chave: Cattle; Forward contract; Basis; Negotiation; Placements; Agribusiness; Demand and Price Analysis; Livestock Production/Industries.
Ano: 2010 URL: http://purl.umn.edu/61150
Imagem não selecionada

Imprime registro no formato completo
FUTURES AND OPTIONS MARKETS, BASIS, AND THE TIMING OF GRAIN SALES IN MONTANA AgEcon
Mastel, Mike; Buschena, David E..
The performance of the grain transportation industry, historically low real grain prices, and decreasing government support for grain prices have renewed interest in local grain prices and shipping costs. An understanding of the relationship between local cash prices and futures prices is an important part of minimizing the price risk associated with growing and merchandising grain. The ability to recognize the seasonal patterns between these prices offers improved profit potential for marketing grain. A Montana producer's decision of when and how to market his/her crop can have a great impact on net profit. Farm managers can use cash sales at or after harvest, forward contracting with a local grain elevator, or hedging with the use of futures and options...
Tipo: Working or Discussion Paper Palavras-chave: Grain marketing; Futures; Basis; Freight rates; Marketing strategies; Marketing; Q1.
Ano: 2000 URL: http://purl.umn.edu/29176
Imagem não selecionada

Imprime registro no formato completo
Futures Basis for Cotton: Impact of Globalization and Structural Change AgEcon
MacDonald, Stephen; Meyer, Leslie A..
A model of commodity futures contract basis was developed based on Working’s theory of the price of storage. An error-correction model was estimated for the basis for the InterContinental Exchange (ICE) #2 cotton contract maturing in December during 2000-08. The model was also extended to incorporate the impact of changes in market activity that evolved as financial markets and commodity price behavior underwent significant changes after 2005. The model captured the inversion of basis following the collapse of China’s crop in 2003, but the shock realized during 2008 may have been in part driven by one-time events not included in the model. Estimates from the error-correction model suggest an extended period for the return of basis to equilibrium,...
Tipo: Conference Paper or Presentation Palavras-chave: Basis; Futures markets; Cotton; Error-correction model; Agribusiness; Demand and Price Analysis; Marketing.
Ano: 2009 URL: http://purl.umn.edu/49269
Imagem não selecionada

Imprime registro no formato completo
Improving Cattle Basis Forecasting AgEcon
Tonsor, Glynn T.; Dhuyvetter, Kevin C.; Mintert, James R..
Successful risk management strategies for agribusiness firms based on futures and options contracts are contingent on their ability to accurately forecast basis. This research addresses three primary questions as they relate to basis forecasting accuracy: (a) What is the impact of adopting a time-to-expiration approach, as compared to the more common calendar-date approach? (b) What is the optimal number of years to include in calculations when forecasting livestock basis using historical averages? and (c) What is the effect of incorporating current basis information into a historical-average-based forecast? Results indicate that use of the time-to-expiration approach has little impact on forecast accuracy compared to using a simple calendar approach, but...
Tipo: Journal Article Palavras-chave: Basis; Basis forecasts; Cattle prices; Current information; Hedging; Livestock Production/Industries.
Ano: 2004 URL: http://purl.umn.edu/31115
Imagem não selecionada

Imprime registro no formato completo
Improving Feeder Cattle Basis Forecasts AgEcon
Dhuyvetter, Kevin C.; Swanser, Kole; Kastens, Terry L.; Mintert, James R.; Crosby, Brett.
Forecasting feeder cattle basis has long been difficult because of the myriad factors that influence basis, including input and output prices and lot characteristics. This research draws upon knowledge of the various factors that influence cash feeder cattle prices to develop hedonic feeder cattle basis models. Out-of-sample test results provide strong evidence that these hedonic models predict basis more accurately than the multi-year average forecasting approach commonly used by livestock producers. Results from this research were used to develop a web tool funded by USDA's Risk Management Agency (BeefBasis.com) that producers can use to forecast and understand feeder cattle basis.
Tipo: Conference Paper or Presentation Palavras-chave: Basis; Basis forecasts; Cattle prices; Feeder cattle; Hedging; Price risk management; Agricultural Finance; Demand and Price Analysis; Farm Management; Livestock Production/Industries; Marketing; Risk and Uncertainty.
Ano: 2008 URL: http://purl.umn.edu/42302
Imagem não selecionada

Imprime registro no formato completo
Predicting the Corn Basis in the Texas Triangle Area AgEcon
Welch, J. Mark; Mkrtchyan, Vardan; Power, Gabriel J..
Shifting patterns of corn use as a result of the ethanol boom may be causing basis levels to change across the United States, creating the need for methods to predict basis levels in dynamic conditions. This study develops a new and straightforward economic model of basis forecasting that outperforms the simple three-year average method suggested in much of the literature. We use monthly data of the corn basis in the Texas Triangle Area from February 1997 to July 2008. The results show the new model based on economic fundamentals performs better than basis estimates using a three-year moving average.
Tipo: Journal Article Palavras-chave: Basis; Corn; Grain marketing; Texas Triangle Area; Agribusiness; Marketing.
Ano: 2009 URL: http://purl.umn.edu/90657
Imagem não selecionada

Imprime registro no formato completo
Predicting the Corn Basis in the Texas Triangle Area AgEcon
Mkrtchyan, Vardan; Welch, J. Mark; Power, Gabriel J..
This study develops a new and straightforward economic model of basis forecasting that outperforms the simple three-year average method suggested in much of the literature. We use monthly data of the corn basis in the Texas Triangle Area from February 1997 to July 2008. The results and the graphs indicate that the new model based on economic fundamentals performs better than basis estimates using a three-year moving average.
Tipo: Conference Paper or Presentation Palavras-chave: Hedging; Basis; Corn; Agribusiness; Agricultural Finance; Financial Economics; Marketing; Risk and Uncertainty.
Ano: 2009 URL: http://purl.umn.edu/46759
Imagem não selecionada

Imprime registro no formato completo
THE IMPACT OF THE LDP ON CORN AND SOYBEAN BASIS IN MISSOURI AgEcon
Parcell, Joseph L..
This study analyzed the effect of the Loan Deficiency Payment (LDP) program, established under the Federal Agriculture Improvement Reform (FAIR) act of 199, on corn and soybean basis in Missouri. Using daily corn and soybean basis data between 1993 and 1999 for multiple locations in Missouri, and incorporating a variable for when the LDP was in effect during 1998 and 1999, empirical models examining factors affecting corn and soybean basis were estimated. Results indicate that the presence of the LDP program has not had a significant economic impact on corn or soybean basis during the 1998 to 1999 period. Furthermore, factors affecting corn and soybean basis varied by time within the marketing year.
Tipo: Conference Paper or Presentation Palavras-chave: Basis; LDP; Government Programs; Corn; Soybeans; Agricultural Finance; Crop Production/Industries.
Ano: 2000 URL: http://purl.umn.edu/18932
Imagem não selecionada

Imprime registro no formato completo
THE TIMING OPTION IN FUTURES CONTRACTS AND PRICE BEHAVIOR AT CONTRACT MATURITY AgEcon
Hranaiova, Jana; Tomek, William G..
The value of the timing option implicit in CBOT corn futures contract is estimated. Separate estimates are obtained for the option without and with convenience yield. The effect of the option on basis behavior at day one of the maturity month is examined and is found statistically significant.
Tipo: Conference Paper or Presentation Palavras-chave: Timing option; Convenience yield; Basis; Hedging effectiveness; Demand and Price Analysis; Marketing.
Ano: 1999 URL: http://purl.umn.edu/21677
Imagem não selecionada

Imprime registro no formato completo
Trade-Related Policy and Canadian-U.S. Fed Cattle Transactions Basis AgEcon
Schulz, Lee L.; Schroeder, Ted C.; Ward, Clement E..
Price differences among fed cattle prices in Canada and the United States (referred to here as fed cattle basis) are important for Canadian cattle feeders, but changing government regulations in Canada and the United States have made basis more variable. This article uses transaction data from Canadian feedlots to quantify fed cattle price differentials in light of new policy initiatives. Using transaction prices, we find that differing slaughter regulations, labeling laws, and policies affecting access to U.S. markets for Canadian cattle affect fed cattle basis.
Tipo: Journal Article Palavras-chave: Basis; Canada; Cattle prices; Government policy; International trade; Market access; Transaction prices; International Relations/Trade; Livestock Production/Industries.
Ano: 2011 URL: http://purl.umn.edu/117174
Imagem não selecionada

Imprime registro no formato completo
Underdeveloped Spot Markets and Futures Trading: The Soya Oil Exchange in India AgEcon
Ramaswami, Bharat; Singh, Jatinder.
Abstract The limited presence of futures exchanges in developing countries where commodity markets fall short of the ideal underscore the importance of understanding the relation between spot and futures markets. The paper examines the exceptional success of the soya oil contract at the National Board of Trade (NBOT) in India. The paper asks whether the NBOT contract exhibits the fundamental features of mature futures markets in terms of its use by hedgers. If the market offers arbitrage opportunities to hedgers and if such activity is significant, then the activities of commercial firms should affect the returns to their hedging portfolio i.e., change in basis. This insight is developed into an examination of the impact of soya oil imports on the basis....
Tipo: Conference Paper or Presentation Palavras-chave: Basis; Hedging; Futures market; Spot markets; Soya oil; Marketing; G13; Q13.
Ano: 2007 URL: http://purl.umn.edu/7919
Imagem não selecionada

Imprime registro no formato completo
Using Basis and Futures Prices as a Barometer in Deciding Whether to Store Grain or Not AgEcon
Siaplay, Mounir; Anderson, Kim B.; Brorsen, B. Wade.
The purpose of this paper is to determine the importance of the strength and weakness of basis and futures prices as barometers for producers to use in deciding whether to store or not. Basis is the single most important market signal for wheat producers to use when deciding whether to store or sell their wheat at harvest. While some models indicated low futures prices were a signal to store, results were fragile and inconsistent.
Tipo: Conference Paper or Presentation Palavras-chave: Basis; Futures; Storage; Wheat.
Ano: 2007 URL: http://purl.umn.edu/37575
Registros recuperados: 18
Primeira ... 1 ... Última
 

Empresa Brasileira de Pesquisa Agropecuária - Embrapa
Todos os direitos reservados, conforme Lei n° 9.610
Política de Privacidade
Área restrita

Embrapa
Parque Estação Biológica - PqEB s/n°
Brasília, DF - Brasil - CEP 70770-901
Fone: (61) 3448-4433 - Fax: (61) 3448-4890 / 3448-4891 SAC: https://www.embrapa.br/fale-conosco

Valid HTML 4.01 Transitional