Do Interest Rates Explain Disaggregate Commodity Price Growth?
| dc.creator | Franken, Jason R.V. | |
| dc.creator | Garcia, Philip | |
| dc.creator | Irwin, Scott H. | |
| dc.date | 2017-04-01T13:46:26Z | |
| dc.date.accessioned | 2026-07-09T03:35:03Z | |
| dc.description | The storage at a loss paradox - inventories despite an inadequate spot-futures price spread to cover storage costs - is an unresolved issue of long-standing interest to economists. Alternative explanations include risk premiums for futures market speculators, convenience yields from holding inventories, and mismeasurement/aggregation of data. Statistical analyses of regional- and elevator-level data suggest that aggregation can impact results, and that soybean price behavior is generally consistent with inter-temporal arbitrage conditions, while corn price behavior points to convenience yields at longer horizons. | |
| dc.identifier | doi:10.22004/ag.econ.21319 | |
| dc.identifier | https://ageconsearch.umn.edu/record/21319/files/sp06fr02.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/21319 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/535748 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/21319 | |
| dc.title | Do Interest Rates Explain Disaggregate Commodity Price Growth? | |
| dc.type | Text |