The impact of multiple volatilities on import demand for U.S. commodities: The case of soybeans

Qiang Zhang; Michael R. Reed; Sayed H. Saghaian

doi:10.1002/agr.20214

The impact of multiple volatilities on import demand for U.S. commodities: The case of soybeans

Qiang Zhang, Michael R. Reed, Sayed H. Saghaian

Agricultural Economics

Research output: Contribution to journal › Article › peer-review

6 Scopus citations

Abstract

The focus of this study is the effects of exchange rate, commodity price, and ocean freight cost risks on import demand with forward-futures markets. The case of U.S. and Brazilian soybeans is analyzed empirically using monthly data. A two-way error component two-stage least squares procedure for panel data is used for the analysis. Risk for these three effects is measured by the moving average of the standard deviation. Major soybean importers are sensitive to exchange rate risk. Importing countries in general are not sensitive to soybean price and ocean shipping cost risks for Brazilian or U.S. soybeans.

Original language	English
Pages (from-to)	202-219
Number of pages	18
Journal	Agribusiness
Volume	26
Issue number	2
DOIs	https://doi.org/10.1002/agr.20214
State	Published - Mar 2010

ASJC Scopus subject areas

Food Science
Geography, Planning and Development
Animal Science and Zoology
Agronomy and Crop Science
Economics and Econometrics

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10.1002/agr.20214

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abstract = "The focus of this study is the effects of exchange rate, commodity price, and ocean freight cost risks on import demand with forward-futures markets. The case of U.S. and Brazilian soybeans is analyzed empirically using monthly data. A two-way error component two-stage least squares procedure for panel data is used for the analysis. Risk for these three effects is measured by the moving average of the standard deviation. Major soybean importers are sensitive to exchange rate risk. Importing countries in general are not sensitive to soybean price and ocean shipping cost risks for Brazilian or U.S. soybeans.",

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The impact of multiple volatilities on import demand for U.S. commodities: The case of soybeans

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