The Impact Of Brazil And Argentina'S Currency Devaluation On U.S. Soybean Trade
AbstractWe analyzed the effects of Brazil and Argentinas currency devaluation on the U.S. soybean import demand in major importing countries. Results indicate that nominal exchange rates between the United States and importers affect the U.S. soybean export market. Additionally, we found evidence that currency depreciations have favored soybean exports from Argentina and Brazil at the cost of reduced exports from the United States. Increased world soybean demand has promoted export sales from major producers, affecting export prices. However, adoption of GM soybeans in the United States has been a determinant in decreased U.S. soybean exports.
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Bibliographic InfoPaper provided by North Dakota State University, Department of Agribusiness and Applied Economics in its series Agribusiness & Applied Economics Report with number 23486.
Date of creation: 2005
Date of revision:
soybeans; exchange rates; third country effect; EC3SLS.; Crop Production/Industries; International Relations/Trade;
Other versions of this item:
- Andino, Jose & Mulik, Kranti & Koo, Won W., 2006. "The Impact of Brazil and Argentina's Currency Devaluation on U.S. Soybean Trade," 2006 Annual meeting, July 23-26, Long Beach, CA 21450, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- EC3 - Macroeconomics and Monetary Economics - - - - -
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