While considerable research has estimated liquidity costs of futures trading, little comparable research is available about options markets. This study determines effective bid-ask spreads in options and futures markets for Kansas City Board of Trade (KCBT) wheat. Effective bid-ask spreads are...

This study determines if a preference for round prices exists in the wheat market and how wheat sales react to price movements around whole dollar amounts. The results show round prices are slightly more prevalent than non-round prices and that transactions increase when price moves above a...

Previous research found that country elevators that are the first in their area to grade wheat and pay quality-adjusted prices would receive above-normal profits at the expense of their competitors. Because of spatial monopsony, these early-adopting elevators would pass on to producers only 70%...

Previous research found that country elevators that are the first in their area to grade wheat and pay quality-adjusted prices would receive above-normal profits at the expense of their competitors. Because of spatial monopsony, these early-adopting elevators would pass on to producers only 70%...

This study measures the impact of corn-based ethanol production in the United States on land use in other countries, or indirect land use. Indirect land use is a change from non-cropland to cropland (e.g. deforestation) that may occur in response to increasing scarcity of cropland. As farmers...

The Conservation Reserve Program reduced available cropland in the United States by 34 million acres under the first nine signup periods (1986-1990). Among these are ten million acres with wheat base and four million acres with corn base, which could potentially produce 288 million bushels of...

This article investigates the Impacts on the rice industry of increased price variability caused by the shift from stable economic conditions and a farm policy of supply control m the sixties to more variable economic conditions and a market-oriented farm policy in the seventies, The increased...

U S grain prices affect one another This study uses Haugh-Pierce chi-square tests, bivariate autoregressive models, and dynamic multipliers to measure the extent of these effects Rice prices exhibit very little reaction to changes in other grain prices However, other grain prices relate closely...

A Cox nonnested test with parametric bootstrap is developed to select between the linearized version of the First Difference Almost Ideal Demand System (FDAIDS) and the Rotterdam model. The Cox test with parametric bootstrap is expected to be more powerful than the various orthodox tests used in...

The dynamic relationship between four regional cash prices for fed (slaughter) cattle is investigated using time series analysis and causality tests. The results indicate that price adjustments to new information take about one week. Texas Panhandle price also was determined to dominate the...