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When does USDA information have the most impact on crop and livestock markets?
Journal of Commodity Markets ( IF 3.7 ) Pub Date : 2020-04-02 , DOI: 10.1016/j.jcomm.2020.100137
Olga Isengildina-Massa , Xiang Cao , Berna Karali , Scott H. Irwin , Michael Adjemian , Robert C. Johansson

This study compares the impact of Prospective Plantings, Acreage, Crop Production, Crop Production Annual Summary, Grain Stocks, WASDE, Cattle on Feed, and Hogs and Pigs reports on corn, soybean, wheat, cotton, live cattle, and lean hogs markets over 1985–2018. Simultaneous releases of several reports are handled by evaluating the impact of report clusters. Our approach allows us to demonstrate the relative impact of various information releases and shows when the markets tend to be affected the most. The findings of this study provide evidence and guidance for future policy decision regarding the role of USDA information in modern agricultural markets.



中文翻译:

美国农业部的信息何时对作物和牲畜市场影响最大?

本研究比较了预期种植面积、面积、作物产量、作物产量年度总结、粮食库存、WASDE、饲料中的牛以及生猪和猪报告对玉米、大豆、小麦、棉花、活牛和瘦肉猪市场的影响1985-2018 年。通过评估报告集群的影响来处理多个报告的同时发布。我们的方法使我们能够展示各种信息发布的相对影响,并显示市场何时受到的影响最大。本研究的结果为有关美国农业部信息在现代农业市场中的作用的未来政策决策提供了证据和指导。

更新日期:2020-04-02
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