IDEAS home Printed from https://ideas.repec.org/p/ags/n13415/285835.html

Information Content of USDA Rice Reports and Price Reactions of Rice Futures

Author

Listed:
  • Darby, Jessica L.
  • McKenzie, Andrew M.

Abstract

Rice is a predominant food staple in many regions of the world, and international rice markets play a vital role in ensuring the food security needs of developing countries. It is important to develop economic tools and market-based instruments to aid in the price discovery process, mitigate the effects of price instability, and make rice markets more responsive to the needs of both consumers and producers. The purpose of this study is to estimate the economic value of USDA supply and demand forecasts, specifically WASDE and NASS, with respect to rice futures markets. Two event study approaches are utilized in this study: (1) examine variability in returns on report-release days as compared to returns on pre- and post-report days, and (2) regress price reactions on changes in usage and production information. It is found that the USDA provides the rice futures markets with valuable information, and rice futures respond to the information in an economically consistent manner.

Suggested Citation

  • Darby, Jessica L. & McKenzie, Andrew M., 2015. "Information Content of USDA Rice Reports and Price Reactions of Rice Futures," 2015 Conference, April 20-21, 2015, St. Louis, Missouri 285835, NCR-134/ NCCC-134 Applied Commodity Price Analysis, Forecasting, and Market Risk Management.
    • Handle: RePEc:ags:n13415:285835
    DOI: 10.22004/ag.econ.285835
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/285835/files/Darby_McKenzie_NCCC_134_2015.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.285835?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

    Keywords

    ;

    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:ags:n13415:285835. 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: AgEcon Search (email available below). General contact details of provider: http://www.farmdoc.illinois.edu/nccc134/ .

    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.