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Changes in Exchange Rates: Impact on U.S. Grain and Soybean Exports to Japan

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  • Greenshields, Bruce L.

Abstract

Changes since 1970 in exchange rates between the Japanese yen and the currencies of Japan's major suppliers of wheat, corn, sorghum, and soybeans have had little effect on U.S. grain and soybean exports to Japan. U.S. sales of wheat to Japan were higher by only $5 million—3 percent of total value of the sales—in 1972 than they would otherwise have been, and higher by $15 million—4 percent of total sales—in 1973. Sales of U.S. soybeans to Japan were $26 million higher in 1972 and $48 million higher in 1973 than they would otherwise have been, about 7 percent of total sales in both years. No significant relationship was found between exchange rate changes and U.S. sales of com and sorghum to Japan.

Suggested Citation

  • Greenshields, Bruce L., 1974. "Changes in Exchange Rates: Impact on U.S. Grain and Soybean Exports to Japan," Miscellaneous Publications 317872, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uersmp:317872
    DOI: 10.22004/ag.econ.317872
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    File URL: https://ageconsearch.umn.edu/record/317872/files/ERSforeign364.pdf
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    References listed on IDEAS

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    1. Peter B. Clark, 1974. "The effects of recent exchange rate changes on the U.S. trade balance," International Finance Discussion Papers 52, Board of Governors of the Federal Reserve System (U.S.).
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    Cited by:

    1. Pick, Daniel H. & McCalla, Alex F., 1985. "Macroeconomics And Agriculture: Review Of The Literature," Working Papers 225797, University of California, Davis, Department of Agricultural and Resource Economics.
    2. Greenshields, Bruce L., 1977. "Impact of a Resale Price Increase on Japan's Wheat Imports," Foreign Agricultural Economic Report (FAER) 146227, United States Department of Agriculture, Economic Research Service.
    3. Meilke, Karl D. & Coleman, Jonathan R., 1986. "An Evaluation of the Influence of Exchange Rates on the Canadian Red Meat Sector," Working Papers 156229, University of Guelph, Department of Food, Agricultural and Resource Economics.
    4. Andino, Jose & Mulik, Kranti & Koo, Won W., 2005. "The Impact Of Brazil And Argentina'S Currency Devaluation On U.S. Soybean Trade," Agribusiness & Applied Economics Report 23486, North Dakota State University, Department of Agribusiness and Applied Economics.
    5. Seale, James L., Jr. & Moss, Charles B., 1989. "The Overshooting Hypothesis: Are Agricultural Exports More Sensitive?," 1989 Annual Meeting, July 30-August 2, Baton Rouge, Louisiana 270464, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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