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Are Crop Forecasts News? The Impact of U.S.D.A. Announcements on Futures Market Prices

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  • Mueller, Rolf A.E.
  • Sumner, Daniel A.

Abstract

Statistical analysis shows that the release of U.S.D.A. crop forecasts for corn and soybeans affect future market traders' behavior. Traders have many sources of information, so we test the magnitude of 1Pto Pt i / Pt on the Chicago Board of Trade for announcement dates, t, against a random sample of other comparable dates.

Suggested Citation

  • Mueller, Rolf A.E. & Sumner, Daniel A., 1985. "Are Crop Forecasts News? The Impact of U.S.D.A. Announcements on Futures Market Prices," 1985 Annual Meeting, August 4-7, Ames, Iowa 278570, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea85:278570
    DOI: 10.22004/ag.econ.278570
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    References listed on IDEAS

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