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 language | English (US) |
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Pages (from-to) | 559-570 |
Number of pages | 12 |
Journal | Journal of Economic Behavior and Organization |
Volume | 32 |
Issue number | 4 |
DOIs | |
State | Published - Apr 1997 |
Keywords
- Commodity
- Crop report
- Information
- Prices
- Public
ASJC Scopus subject areas
- Economics and Econometrics
- Organizational Behavior and Human Resource Management