Motivated by repeated price spikes and crashes over the last decade, we investigate whether the intensive investment activities of commodity index traders (CITs) has destabilized agricultural futures markets. Using a stochastic volatility model, we treat conditional volatility as an unobserved...

Motivated by repeated price spikes and crashes over the last decade, we investigate whether the rapidly growing market shares of futures speculators have destabilized commodity spot prices. We approximate conditional volatility and regress it on expected and unexpected speculative open interest....

The agricultural and energy industries are closely related, both biologically and financially. The paper discusses the relationship and the interactions on price and volatility, with special focus on the covolatility spillover effects for these two industries. The interaction and covolatility...

The recent and rapidly growing interest in biofuel as a green energy source has raised concerns about its impact on the prices, returns and volatility of related agricultural commodities. Analyzing the spillover effects on agricultural commodities and biofuel helps commodity suppliers hedge...

Der Beitrag untersucht den Einfluss von Spekulation mit Terminkontrakten auf die Preise von Agrarrohstoffen. Konkret wird der öffentlich diskutierte Vorwurf aufgegriffen, Spekulation sei für den Preisanstieg und die Preisschwankungen auf Agrarmärkten mit verantwortlich und trage so zur...

After several decades of improvement, water quality in the United States is getting worse, and the problem is primarily caused by run-off from non-point sources, such as farms and urban development. These non-point sources have never had regulatory mandates in the Clean Water Act, and have...

The purpose of this research report is to present an evaluation of advisory service pricing performance in the 1999 crop year for corn and soybeans. Specifically, the average price received by a subscriber to an advisory service is calculated for corn and soybean crops harvested in 1999. The...

Despite efforts and pressures on the part of the State, the relatively small percentage of Polish farmers insure their crops. The paper analysed the determinants of taking out crop insurance, using logistic regression and FADN data (2004-2013). The models were estimated for the analysed...

Problem Definition: Interest subventions (subsidies) on crop loans are a common feature of rural credit markets in developing countries. This study evaluates the impact of an interest subsidy program for the Kisan Credit Card (KCC) scheme - India’s flagship program to provide short-term...