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An Examination of the Relationship Between U.S. and Canadian Durum Wheat Prices

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  • Atanu Ghoshray

Abstract

"Durum wheat is one of the commodities for which there is intense trade competition between the United States and Canada. This article examines the relationship between Canadian and U.S. durum wheat prices using cointegration and an asymmetric error correction approach. The overall results suggest that a long run relation holds between the U.S. and Canadian durum wheat prices. The U.S. price responds to restore the equilibrium relationship with the corresponding Canadian price, while the Canadian price evolves independently. Using tests for structural change it is revealed that changes in Canadian domestic policy (the repeal of the WGTA) had an effect on this long run relation. Since the withdrawal of the WGTA, quality differences in durum wheat for both countries seem to matter in the dynamics and integration of U.S. and Canadian durum wheat prices." Copyright 2007 Canadian Agricultural Economics Society.

Suggested Citation

  • Atanu Ghoshray, 2007. "An Examination of the Relationship Between U.S. and Canadian Durum Wheat Prices," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 55(1), pages 49-62, March.
  • Handle: RePEc:bla:canjag:v:55:y:2007:i:1:p:49-62
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    Cited by:

    1. Sun, Changyou, 2011. "Price dynamics in the import wooden bed market of the United States," Forest Policy and Economics, Elsevier, vol. 13(6), pages 479-487, July.
    2. repec:ebl:ecbull:v:17:y:2008:i:2:p:1-8 is not listed on IDEAS
    3. Atanu Ghoshray, 2008. "Asymmetric price adjustment of Ukrainian feed wheat export prices in relation to U.S. maize exports: A Note," Economics Bulletin, AccessEcon, vol. 17(2), pages 1-8.
    4. Goychuk, Kateryna & Meyers, William H., 2013. "Short- and long-run relationships between Ukrainian barley and world feed grain export prices," 2013 Annual Meeting, February 2-5, 2013, Orlando, Florida 143085, Southern Agricultural Economics Association.

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