Grain Pricing and Transportation: Dynamics and Changes in Markets
AbstractThere are important challenges to the grain handling and shipping industries. The study evaluated changes in marketing costs for the primary grain marketing functions and quantified measures of risk. The results indicate that 1) basis risk has increased; 2) all marketing costs have increased; 3) the increase in rail tariffs were less than those for the other modes; 4) car values, on average declined; 5) FSC’s had moderate changes in absolute terms; 6) handling margins have had fairly substantial increases, particularly at port; and 7) the riskiness in rail shipping costs are less than those of competing modes and functions. The regression model indicated the following variables had significant impacts on origin basis values: shipping costs, ocean rate spreads, outstanding export sales, handling industry concentration, measures of rail cars late, the ratio of supplies to storage capacity, futures prices and spreads (in addition to a few other minor impacts).
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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 98204.
Date of creation: Dec 2010
Date of revision:
Agricultural Finance; Farm Management;
Other versions of this item:
- William W. Wilson & Bruce Dahl, 2011. "Grain pricing and transportation: dynamics and changes in markets," Agribusiness, John Wiley & Sons, Ltd., vol. 27(4), pages 420-434, 09.
- Wilson, William W. & Dahl, Bruce L., 2010. "Grain Pricing and Transportation: Dynamics and Changes in Markets," Agribusiness & Applied Economics Report 98202, North Dakota State University, Department of Agribusiness and Applied Economics.
- NEP-ALL-2011-01-03 (All new papers)
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