IDEAS home Printed from https://ideas.repec.org/a/wly/jfutmk/v45y2025i9p1298-1323.html
   My bibliography  Save this article

The Reaction of Corn Futures Markets to US and Brazilian Crop Reports

Author

Listed:
  • Rodrigo Lanna Franco da Silveira
  • Renato Moraes Silva
  • Fabio L. Mattos
  • José César Cruz Júnior
  • Daniel Henrique Dario Capitani

Abstract

The purpose of this study is to examine the impact of US (WASDE) and Brazilian (CONAB) crop reports on corn futures prices and trading volumes in both the US and Brazilian markets. Employing an intraday announcement analysis, we investigate how return volatilities and trading volumes respond to the release of these reports. Specifically, we compare prices and volume behavior on report days with the 5 days preceding and following the announcements. Using both parametric and nonparametric tests, our results indicate that WASDE report announcements significantly influence returns and trading volumes in both markets. In contrast, the effects of CONAB reports are less pronounced than those associated with WASDE releases.

Suggested Citation

  • Rodrigo Lanna Franco da Silveira & Renato Moraes Silva & Fabio L. Mattos & José César Cruz Júnior & Daniel Henrique Dario Capitani, 2025. "The Reaction of Corn Futures Markets to US and Brazilian Crop Reports," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 45(9), pages 1298-1323, September.
    • Handle: RePEc:wly:jfutmk:v:45:y:2025:i:9:p:1298-1323
    DOI: 10.1002/fut.22601
    as

    Download full text from publisher

    File URL: https://doi.org/10.1002/fut.22601
    Download Restriction: no
    File URL: https://libkey.io/10.1002/fut.22601?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wly:jfutmk:v:45:y:2025:i:9:p:1298-1323. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.interscience.wiley.com/jpages/0270-7314/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.