The value of public information in commodity futures markets

Philip Garcia, Scott H. Irwin, Raymond M. Leuthold, Li Yang

Research output: Contribution to journalArticlepeer-review

Abstract

The informational value of U.S. Department of Agriculture (USDA) corn and soybean production forecasts is investigated for the period 1971-1992. Three tests of informational content are applied. Overall, the results suggest USDA corn and soybean forecasts provide valuable information to participants in commodity futures markets. This value does appear to have declined, especially since the mid-1980s.

Original languageEnglish (US)
Pages (from-to)559-570
Number of pages12
JournalJournal of Economic Behavior and Organization
Volume32
Issue number4
DOIs
StatePublished - Apr 1997

Keywords

  • Commodity
  • Crop report
  • Information
  • Prices
  • Public

ASJC Scopus subject areas

  • Economics and Econometrics
  • Organizational Behavior and Human Resource Management

Fingerprint

Dive into the research topics of 'The value of public information in commodity futures markets'. Together they form a unique fingerprint.

Cite this