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	Provedor de dados AgEcon (1) Autor Franken, Jason R.V. (1) Garcia, Philip (1) Irwin, Scott H. (1) Palavra-chave Aggregation (1) Agribusiness (1) Convenience yield (1) Corn (1) Intertemporal arbitrage (1) Marketing (1) Regional and elevator data (1) Soybeans (1) Storage at a loss (1) Mais... Tipo do documento Journal Article (1) Ano 2009 (1) País United States (1) Idioma Inglês (1)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 1 Primeira ... 1 ... Última Is Storage at a Loss Merely an Illusion of Spatial Aggregation? AgEcon Franken, Jason R.V.; Garcia, Philip; Irwin, Scott H.. The storage-at-a-loss paradox—stocks despite inadequate price growth to cover storage costs—is an unresolved issue of long-standing interest to economists. Alternative explanations include risk premiums for futures market speculators, convenience yields from holding stocks, and mismeasurement/aggregation of data. Statistical analyses of regional and elevator corn and soybean price growth in Illinois suggest limited aggregation effects and reveal a pattern of regional- and elevator-level backwardations in the presence of Illinois corn stocks that is inconsistent with aggregation explanations for storage at a loss. Interviews with elevator managers support the existence of convenience yields. Tipo: Journal Article Palavras-chave: Aggregation; Convenience yield; Corn; Intertemporal arbitrage; Regional and elevator data; Soybeans; Storage at a loss; Agribusiness; Marketing. Ano: 2009 URL: http://purl.umn.edu/90658 Registros recuperados: 1 Primeira ... 1 ... Última

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