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A Model of Corn and Soybean Shipments on the Ohio River

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  • Babcock, Michael W.
  • Fuller, Stephen

Abstract

This paper estimates the demand for corn and soybean shipments on the Ohio River during the 1992- 2004 period. Using monthly data, OLS (with Newewy-West standard errors) parameters estimates were obtained for the explanatory variables. Results indicate that Ohio River corn and soybean shipments are significantly and positively affected by one month lagged shipments, corn and soybean stocks in the Ohio River production region, and corn and soybean exports from lower Mississippi River Gulf ports. Some empirical support was found for a significant negative relationship between Ohio River corn and soybean shipments and ocean shipping freight rates from lower Mississippi River Gulf ports to Japan. Indiana corn prices did not significantly affect Ohio River corn and soybean shipments.

Suggested Citation

  • Babcock, Michael W. & Fuller, Stephen, 2007. "A Model of Corn and Soybean Shipments on the Ohio River," Journal of the Transportation Research Forum, Transportation Research Forum, vol. 46(2).
    • Handle: RePEc:ags:ndjtrf:206883
    DOI: 10.22004/ag.econ.206883
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    References listed on IDEAS

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    4. Gervais, Jean-Philippe & Mesawa, Takehiro & McVey, Marty J. & Baumel, C. Phillip, 2001. "Evaluating the Logistics and Economic Impacts of Extending 600-Foot Locks on the Upper Mississippi River: A Linear Approach," Staff General Research Papers Archive 5216, Iowa State University, Department of Economics.
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    6. Yu, Tun-Hsiang & Fuller, Stephen W., 2005. "The Measurement of Grain Barge Demand on Inland Waterways: A Study of the Mississippi River," Journal of the Transportation Research Forum, Transportation Research Forum, vol. 44(1).
    7. Miljkovic, Dragan & Price, Gregory K. & Hauser, Robert J. & Algozin, Kenneth A., 2000. "The barge and rail freight market for export-bound grain movement from midwest to Mexican Gulf: an econometric analysis," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 36(2), pages 127-137, June.
    8. Gervais, Jean-Philippe & Misawa, Takehiro & McVey, Marty J. & Baumel, C. Phillip, 2001. "Evaluating the Logistic and Economic Impacts of Extending 600-Foot Locks on the Upper Mississippi River: A Linear Programming Approach," Journal of the Transportation Research Forum, Transportation Research Forum, vol. 40(4).
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    Cited by:

    1. Chi, Junwook & Baek, Jungho, 2011. "Demand Analysis for Coal on the United States Inland Waterway System: Fully‐Modified Cointegration (FM‐OLS) Approach," Journal of the Transportation Research Forum, Transportation Research Forum, vol. 50(1).

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