Download or read book Understanding the Role of Supply and Demand Factors in the Global Wheat Market written by Daniele Valenti and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We present a Bayesian structural Vector Autoregressive model of the global wheat market to examine the relative importance of supply and demand shocks, which are interpreted as the fundamental driving forces of wheat price. To our knowledge, this is the first SVAR analysis that jointly considers (i) a Bayesian non-recursive specification, (ii) production and inventories as endogenous variables (iii) and an inventory-based detection strategy. Our main results indicate that: (i) the posterior median estimates for the price elasticity of supply and demand are mostly similar in their order of magnitude but opposite in signs (0.19 for supply and -0.20 for demand); (ii) the price and the inventories respond to global wheat market shocks differently, depending on the type of structural shock. We also show that the results obtained from Cholesy-type identified annual SVAR models for wheat market are potentially misleading and difficult to reconcile with the economic theory of competitive storage. Finally, we illustrate how unpredictable shifts in supply and demand contributed to the dynamic of wheat price between 2000 and 2022.
Download or read book The Law of Supply and Demand and the Wheat Market written by James Ernest Boyle and published by . This book was released on 1921 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Global Agricultural Supply and Demand written by Ronald Trostle and published by DIANE Publishing. This book was released on 2010 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: World market prices for major food commodities such as grains and vegetable oils have risen sharply to historic highs of more than 60% above levels just 2 years ago. Many factors have contributed to the runup in food commodity prices. Some factors reflect trends of slower growth in production and more rapid growth in demand that have contributed to a tightening of world balances of grains and oilseeds over the last decade. Other factors include increased global demand for biofuels feedstocks and adverse weather conditions in 2006 and 2007 in some major grain- and oilseed-producing areas. This report discusses these and other factors and illustrates how they have contributed to food commodity price increases. Tables and graphs.
Download or read book The Law of Supply and Demand and the Wheat Market written by James Ernest Boyle and published by . This book was released on 1921 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Deconstructing Wheat Price Spikes a Model of Supply and Demand Financial Speculation and Commodity Price Comovement written by United States Department of Agriculture and published by CreateSpace. This book was released on 2014-12-06 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2008, wheat futures prices spiked and then crashed along with prices for other agri-cultural and nonagricultural commodities. Market observers offered several theories to explain this common movement, or comovement, in prices, and have proposed policies to address the perceived problem of excessive price volatility. The design of an appropriate policy response would benefit from a better understanding of the cause of the observed price movements. This study uses an econometric model to decompose observed wheat prices into a set of economic factors and measure the relative contribution of each factor to observed price changes. Findings show that market-specific shocks related to supply and demand for wheat were the dominant cause of price spikes in the three U.S. wheat futures markets. Fluctuations in the global macroeconomy associated with broadbased demand shocks were relatively less significant for wheat than for other commodities like crude oil and corn. Finally, little evidence suggests commodity index trading contributed to recent price spikes.
Download or read book Deconstructing Wheat Price Spikes written by Joseph P. Janzen and published by . This book was released on 2014-06-07 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2008, wheat futures prices spiked and then crashed along with prices for other agricultural and nonagricultural commodities. Market observers offered several theories to explain this common movement, or comovement, in prices, and have proposed policies to address the perceived problem of excessive price volatility. The design of an appropriate policy response would benefit from a better understanding of the cause of the observed price movements. This study uses an econometric model to decompose observed wheat prices into a set of economic factors and measure the relative contribution of each factor to observed price changes. Findings show that market-specific shocks related to supply and demand for wheat were the dominant cause of price spikes in the three U.S. wheat futures markets. Fluctuations in the global macroeconomy associated with broadbased demand shocks were relatively less significant for wheat than for other commodities like crude oil and corn. Little evidence suggests commodity index trading contributed to recent price spikes. Tables and figures. This is a print on demand report.
Download or read book U S Competitiveness in the World Wheat Market written by and published by . This book was released on 1987 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Demand and Price Structure for Wheat written by Kenneth William Meinken and published by . This book was released on 1955 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Deconstructing Wheat Price Spikes a Model of Supply and Demand Financial Speculation and Commodity Price Comovement written by United States Department of Agriculture and published by CreateSpace. This book was released on 2015-07-13 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2008, wheat futures prices spiked and then crashed along with prices for other agricultural and nonagricultural commodities. Market observers offered several theories to explain this common movement, or comovement, in prices, and have proposed policies to address the perceived problem of excessive price volatility. The design of an appropriate policy response would benefit from a better understanding of the cause of the observed price movements. This study uses an econometric model to decompose observed wheat prices into a set of economic factors and measure the relative contribution of each factor to observed price changes. Findings show that market-specific shocks related to supply and demand for wheat were the dominant cause of price spikes in the three U.S. wheat futures markets. Fluctuations in the global macroeconomy associated with broadbased demand shocks were relatively less significant for wheat than for other commodities like crude oil and corn. Finally, little evidence suggests commodity index trading contributed to recent price spikes.
Download or read book The Law of Supply and Demand and Wheat Market written by James E. Boyle and published by . This book was released on 1921 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Water Wheat and War Nexus written by Doaa Abdou and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this study is to analyse the nexus between water, wheat and war in Egypt. Currently, the obstructed diffusion of the wheat market in Egypt prevents it from acquiring its fair share among other countries in terms of production versus its consumption. Water and Wheat self-sufficiency, on the other hand, looks to be a pipe dream that will take a long time to materialise. The study presents the market volume, share, and segments locally in the global market lighting. Then, outline the supply and demand factors while measuring the price elasticity of its supply and demand curve. To ensure a comprehensive contextual analysis, the paper will use the top-bottom analysis approach. This framework helps to discover the primary factors causing the problems faced by the research at hand. This resulted in detecting the regulations, tactics, moves, and facilities provided to the wheat sector by the Egyptian Government while taking into consideration the global impact of the Russian -Ukraine War.
Download or read book Food Price Volatility and Its Implications for Food Security and Policy written by Matthias Kalkuhl and published by Springer. This book was released on 2016-04-12 with total page 620 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides fresh insights into concepts, methods and new research findings on the causes of excessive food price volatility. It also discusses the implications for food security and policy responses to mitigate excessive volatility. The approaches applied by the contributors range from on-the-ground surveys, to panel econometrics and innovative high-frequency time series analysis as well as computational economics methods. It offers policy analysts and decision-makers guidance on dealing with extreme volatility.
Download or read book With Great Power Comes Great Responsibility written by Osama Ahmed and published by . This book was released on 2021 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Income growth, changing consumer preferences and technological progress are having a transformative effect on global food trade and, in particular, wheat markets. This is evidenced by two main developments: First, the growing demand for wheat in Asia and Africa is increasingly being met by the European Union (EU) and the Black Sea Region (BSR), which have replaced the United States (US) as the major players on the global wheat market. Second, and as a consequence, the Euronext futures market, which reflects the supply and demand fundamentals in the EU and the BSR, is becoming more important for international wheat price discovery. In light of these two changes, the EU and the BSR must take more responsibility for ensuring global food security and combating hunger and malnutrition. To achieve this, greater international cooperation is required, in particular between the big Western and Eastern economic powers. Unrestricted international trade is vital to ensure sufficient supply of food worldwide, while escalating economic sanctions and countersanctions endanger food security, especially in importdependent regions. Public debate on trade and economic sanctions must therefore be more objective and better take into account both regional and global needs.
Download or read book Understanding India s Food Inflation written by Rahul Anand and published by International Monetary Fund. This book was released on 2016-01-05 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past decade, India has seen a prolonged period of high inflation, to a large extent driven by persistently-high food inflation. This paper investigates the demand and supply factors behind the contribution of relative food inflation to headline CPI inflation. It concludes that in the absence of a stronger food supply growth response, food inflation may exceed non-food inflation by 21⁄2–3 percentage points per year. The sustainability of a long-term inflation target of 4 percent under India’s recently-adopted flexible inflation targeting framework will depend on enhancing food supply, agricultural market-based pricing, and reducing price distortions. A well-designed cereal buffer stock liquidation policy could also help mitigate food inflation volatility.
Download or read book World Wheat Price Volatility written by and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Law of Supply and Demand and the Wheat Market written by James Ernest Boyle and published by . This book was released on 1921 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Reviving the Competitive Storage Model written by Mr. Norbert Funke and published by International Monetary Fund. This book was released on 2011-03-01 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: We revive in this paper the empirical relevance of the competitive storage model by taking a holistic approach to food commodity prices. We augment the seminal Deaton and Laroque (1992, 1996) model by incorporating more comprehensive and realistic supply and demand factors: output and demand trends, shocks to the yield, and time-varying interest rates. While the computational burden increases exponentially, the augmented model succeeds in replicating all four key patterns of food commodity prices. Our simulation and comparative statics also show that (i) the long-run declining trend of food prices may come to a halt or even reverse due to the shifting balance between supply and demand; (ii) short-run price fluctuations are mainly attributable to sizeable, though low-probability, shocks to output such as inclement weather; and (iii) the impact of monetary policy, though small in normal times, is nonlinear and asymmetric, and can become large if the real rate passes a certain threshold.
