IDEAS home Printed from https://ideas.repec.org/a/ags/orarao/265413.html
   My bibliography  Save this article

Análise De Co-Integração E Causalidade Entre Os Mercados Regionais De Soja No Brasil E Os Efeitos Da Taxa De Câmbio Sobre Os Preços Físicos Da Commodity Soja Nas Cotações De Sorriso-Mt

Author

Listed:
  • Brum, Argemiro Luis
  • Dalfovo, Wylmor Tives
  • Fernandez, Gilberto Sisto
  • Zabot, Udilmar Carlos

Abstract

The present article has the objective of analyzing the degree of co-integration of the main markets for soybean in Brazil from the perspective of price levels and the effects of exchange rate fluctuations on soybean prices, based on the city of Sorriso, MT, Brazil. We used econometric analysis by means of a study on long-term relations between quotations and the presence of causality effects between these markets, as well as impulse and response, and variance decomposition functions, based on the VAR model. The results highlight that, despite the differences in prices, there is a long-term co-integration between quotations within the country, which temporally precedes the price quotations observed in other regions, including on prices in Mato Grosso. We could not identify a statistically significant influence of the exchange rate over the physical prices of soybean. On the contrary, there was little significant relation regarding the transfer of a few systemic impulses that aid in explaining price behavior in the short term, with no lasting effects.

Suggested Citation

  • Brum, Argemiro Luis & Dalfovo, Wylmor Tives & Fernandez, Gilberto Sisto & Zabot, Udilmar Carlos, 2015. "Análise De Co-Integração E Causalidade Entre Os Mercados Regionais De Soja No Brasil E Os Efeitos Da Taxa De Câmbio Sobre Os Preços Físicos Da Commodity Soja Nas Cotações De Sorriso-Mt," Organizações Rurais e Agroindustriais/Rural and Agro-Industrial Organizations, Universidade Federal de Lavras, Departamento de Administracao e Economia, vol. 17(3), July.
    • Handle: RePEc:ags:orarao:265413
    DOI: 10.22004/ag.econ.265413
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/265413/files/1023-2500-1-PB.pdf
    Download Restriction: no
    File URL: https://ageconsearch.umn.edu/record/265413/files/1023-2500-1-PB.pdf?subformat=pdfa
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.265413?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:orarao:265413. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/deflabr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.