Le Lézard
Classified in: Oil industry, Business, Covid-19 virus
Subjects: SVY, ECO

New Research: Oil Price Pass Through to Agricultural Commodities

MILWAUKEE, Oct. 5, 2020 /PRNewswire-PRWeb/ -- There is evidence that recent increases in oil supply have been reflected in corn prices. While likely confounded by market disruptions caused by COVID-19, our work suggests that the current developments in oil markets will have important ramifications for horizon-based behavior in corn markets in the months and years to come.

In the new article "Oil Price Pass Through to Agricultural Commodities" published in the American Journal of Agricultural Economics, co authors Clark Lundberg, from San Diego State University, Tristan Skolrud from the University of Saskatchewan, Bahram Adrangi from the University of Portland, and Arjun Chatrath from the University of Portland look into whether the relationships between oil prices and agricultural commodity prices vary over different time horizons.

Lundberg says, "Previous scholarship has disagreed over the nature of the relationship between oil and agricultural commodity prices. We develop a new econometric approach that provides insight into the horizon-based nature of the relationship. This approach allows us to identify a much more complex relationship than previous research was able to describe and helps to reconcile the lack of consensus in the literature."

If you are interested in setting up an interview, please contact Allison Ware in the AAEA Business Office.

ABOUT AAEA: Established in 1910, the Agricultural & Applied Economics Association (AAEA) is the leading professional association for agricultural and applied economists, with 2,500 members in more than 60 countries. Members of the AAEA work in academic or government institutions as well as in industry and not-for-profit organizations, and engage in a variety of research, teaching, and outreach activities in the areas of agriculture, the environment, food, health, and international development. The AAEA publishes two journals, the American Journal of Agricultural Economics and Applied Economic Perspectives & Policy, as well as the online magazine Choices and the online open access publication series Applied Economics Teaching Resources. To learn more, visit http://www.aaea.org.


SOURCE Agricultural & Applied Economics Association

These press releases may also interest you

at 12:00
Albemarle Corporation , a global leader in providing essential elements for mobility, energy, connectivity and health, today announced plans to locate its previously announced lithium hydroxide Mega-Flex facility in Chester County, South Carolina....

at 11:54
The Board of Directors of FirstEnergy Corp. today declared an unchanged quarterly dividend of 39 cents per share of outstanding common stock. The dividend will be payable June 1, 2023, to shareholders of record at the close of business on May 5,...

at 11:00
Crowley named Mark Coplen as vice president of project management for Crowley Wind Services, where he will be a key leader in advancing the company's growth and market leadership in the offshore wind industry. In his role, Coplen will expand Crowley...

at 10:00
Chevron Lummus Global LLC (CLG) announced that Bharat Petroleum Corp. Ltd. (BPCL) has selected its ISOFINISHING technology for a catalytic processing unit at the Mumbai Refinery in Mumbai, India....

at 10:00
Infor®, the industry cloud company, today announced that independent energy company Gulfsands has deployed Infor SunSystems Cloud as its financial platform via Infor Gold Channel Partner Progressive TSL. As the first customer to go live on the...

at 09:12
Enel North America secured a tax equity investment from Nestlé that will enable the completion of the Ganado solar-plus-storage project in Texas.Nestlé also agreed to purchase the renewable energy attributes generated from the solar project,...

News published on 5 october 2020 at 09:00 and distributed by: