Download or read book Specification and Estimation of Commodity Market Model for the U S Soybean and Soybean Oil Incorporating Palm Oil Imports written by Roslan A. Ghaffar and published by . This book was released on 1986 with total page 83 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Specification and Estimation of a Commodity Market Model for the U S Soybeans and Soybean Oil Incorporating Palm Oil Imports written by Roslan A. Ghaffar and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Econometric Analysis of the Markets for U S Soybeans and Soybean Oil Incorporating Palm Oil Imports written by Roslan bin A. Ghaffar and published by . This book was released on 1983 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Linear Rational Expectations Model of the U S Soybean Oil Market written by Ernesto Santiago Liboreiro and published by . This book was released on 2000 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Soybean Futures Market 1960 61 written by United States. Commodity Exchange Authority and published by . This book was released on 1962 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The World Soybean Trade Model written by William Henry Meyers and published by . This book was released on 1991 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Dynamic Commodity Models Specification Estimation and Simulation written by Walter C. Labys and published by . This book was released on 1973 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: Deals with the theory and methods required for specifying, estimating, validating, and applying commodity models which describe behavior of a quarterly or annual nature, though certain ...
Download or read book A Recursive Model of the United States Domestic Soybean Market written by Leonardo A. Paulino and published by . This book was released on 1966 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Short run Price Formation in the International Soybean Complex a Dynamic Econometric Analysis written by Richard Robert Henry and published by . This book was released on 1981 with total page 458 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Demand and Price Analysis of the U S Soybean Market written by James P. Houck and published by . This book was released on 1963 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Soybeans and Their Products written by James P. Houck and published by U of Minnesota Press. This book was released on 1972 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Farm Commodity Market Performance and Economic Forecasts written by United States. Congress. Joint Economic Committee and published by . This book was released on 1984 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Quarterly Econometric Model of World Trade in the Soybean Complex written by Donald Patrick Jones and published by . This book was released on 1988 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book China s Soybean Futures Contract written by Wenguang Si and published by . This book was released on 2001 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1996, China started to increase its annual soybean imports at a tremendously high speed. It has become one of the most important soybean import markets for the world's largest soybean producers: the United States, Brazil and Argentina. In the meantime, the Dalian Commodity Exchange (DCE), a Chinese soybean futures market, has developed very rapidly. Its soybean futures price has become an important market signal for Chinese soybean producers, crushers, importers and other soybean market participants. These two market developments not only highlight the motivation of study on Chinese soybean market, but also provide possibilities of study on it. In order to have a thorough understanding of the Chinese soybean market and have a better forecast of the possible future development of the Chinese soybean futures market, this thesis attempts to analyze the soybean futures price relationship between the Dalian Commodity Exchange and the Chicago Board of Trade (COBT) on the basis of the law of one price theory. The law of one price asserts that the prices of a common commodity in two markets will converge to an equilibrium price after trading the commodity between the two markets, assuming no market barriers to this trading. This thesis hypothesizes that the Chinese soybean futures market has been integrated with the world's largest soybean futures market, the Chicago Board of Trade, in the late I 990s. In this thesis both the conventional OLS and relatively more recent cointegration test estimating techniques are applied to the DCE and the CBOT soybean futures prices and soybean ocean shipping freight rate for the study period from 1996 through 1999. The estimated results from the OLS procedure show that the DCE soybean futures price has not been integrated with the CBOT soybean futures prices in the short run. But the bivariate cointegration test procedure shows that there is a long-run price relationship between the two markets. The estimated results reveal price deviations between the two markets in several cases. These price deviations indicate the necessity for further exploration of them in future study.
Download or read book Price Formation in the World Soybean Oil Market An Econometric Analysis written by C.S.C. Sekhar and published by . This book was released on 2013 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: The present study attempts to analyze the price formation mechanism in the world soybean oil market in a competitive framework. The determinants of world soybean oil price are identified by estimating the equations for exports/imports and the border prices of the major exporting and importing countries, using a structural simultaneous equations model. The results of the study indicate that the major determinants of world soybean oil price are the world palm oil price (substitute) and the level of soybean oil exports in the world market. The simulation results of the impact of projected trends in the world soybean oil production for medium term (2015) show the following. The increase in supply-demand gap (due to increases in consumption and decreases in production) in the major exporting countries, combined with a likely fall in world palm oil price (due to an increasing trend in palm oil production), are likely to result in a decline in the world exports and world price of soybean oil. The likely fall in the world palm oil price is expected to result in much larger quantum of palm oil imports into India in future, which in turn, may have implications for the livelihood security of soybean farmers in the dry regions of the country.
Download or read book World Markets of Vertically Differentiated Agricultural Commodities written by Koichi Yamaura and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation presents the development of a new approach to include the interaction of vertically differentiated products, a subject that has been largely ignored in previous studies, to analyze the market power of exporters and importers in the world markets of agricultural commodities. Three theoretical models, a residual demand elasticity (RDE) model, a residual supply elasticity (RSE) model, and a two-country partial equilibrium trade model, are developed, and the corresponding empirical models are specified for U.S.-Japan soybean trade. Genetically modified (GM) and non-genetically modified (non-GM) soybeans are vertically differentiated products in the sense that GM soybeans are largely defined as an inferior substitute to non-GM soybeans. I compare two versions of these models: a new approach in which the interaction between non-GM and GM soybeans is taken into account and the traditional approach in which the interaction is ignored. In each of the three models (the RDE model, the RSE model, and the partial equilibrium trade model), the traditional approach overestimates the market margin of U.S. non-GM soybean exporters and that of Japanese non-GM soybean importers. By considering the interaction between non-GM and GM soybeans, the new approach greatly reduces the estimates of the corresponding market margins of U.S. exporters and Japanese importers to improve the accuracy of such estimates. The statistical significance of the coefficient estimate of the interaction term, the U.S. GM soybean price or the Japanese GM soybean price, in all three models suggests that the new approach, which includes the interaction between non-GM and GM soybeans, is necessary and preferred. The partial equilibrium trade model includes both an RDE equation and an RSE equation in a system to address the possible contemporaneous cross-equation correlation. Thus, the estimation results of the partial equilibrium trade model are further improved, compared to those of the RDE model and the RSE model. Using the traditional approach to estimate the partial equilibrium trade model, I find that the U.S. non-GM soybean exporters' market margin is 56.5% and the Japanese non-GM soybean importers' market margin is 16.1%. However, the results obtained by using the new approach show that the market margins of U.S. exporters and Japanese importers are 33.2% and 6%, respectively. By taking into account the interaction between non-GM and GM soybeans, the new approach improves the accuracy of the estimates of market margins of soybean exporters and importers. U.S. non-GM soybean exporters do have a significant market margin in international markets, but it is not as large as the one suggested by the traditional approach. Although Japanese non-GM soybean importers enjoy some market margin, it is relatively small. The theoretical and empirical models and results in this dissertation provide new and more accurate estimates of residual demand and supply elasticities and market power and improve the understanding on world soybean markets. These results can be useful for industry participants in international soybean markets, academic researchers, and policy makers.
Download or read book Comparative Modelling of Price Determination and Storage in United States and Australian Commodity Markets written by Barry Andrew Goss and published by . This book was released on 1981 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt:
