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Spatial Price Differentials for Corn among Illinois Country Elevators

Author

Listed:
  • Leroy Davis
  • Lowell Hill

Abstract

Corn price differentials among country elevators often exceed norms of perfect competition. Identification of causal factors may suggest remedial policy decisions. This study indicates that the variables of seasonal adjustments, local demand and supply conditions, availability of transportation facilities, and government loan rate are significant influences in price variation.

Suggested Citation

  • Leroy Davis & Lowell Hill, 1974. "Spatial Price Differentials for Corn among Illinois Country Elevators," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 56(1), pages 135-144.
    • Handle: RePEc:oup:ajagec:v:56:y:1974:i:1:p:135-144.
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    File URL: http://hdl.handle.net/10.2307/1239355
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    Citations

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    Cited by:

    1. Jasper Grashuis, 2019. "Spatial Competition in the Iowa Corn Market: Informing the Pricing Behavior of Corporate and Cooperative Grain Merchants," Sustainability, MDPI, vol. 11(4), pages 1-13, February.
    2. Wenzel, Benjamin P. & Hill, Lowell D. & Garcia, Philip, 2000. "The Effects Of The Micro-Market Structure On Illinois Elevator Spatial Corn Price Differentials," 2000 Conference, April 17-18 2000, Chicago, Illinois 18927, NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management.
    3. Shakya, Sumadhur & Wilson, William & Dahl, Bruce L., 2012. "Pulsating Market Boundaries and Spatial Arbitrage in US Gulf Region: Impact of Panama Canal Expansion on US Agriculture," 53rd Annual Transportation Research Forum, Tampa, Florida, March 15-17, 2012 207098, Transportation Research Forum.
    4. Sorenson, L. Orlo, 1984. "Some Impacts of Rail Regulatory Changes on Grain Industries," 1984 Annual Meeting, August 5-8, Ithaca, New York 279102, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    5. Johnson, David D. & King, Robert P., 1988. "Optimal Pricing And Inventory Control For A Country Grain Elevator," Staff Papers 13987, University of Minnesota, Department of Applied Economics.
    6. Grashuis Jasper, 2020. "The Competitive Impact of Cooperatives on the Spot Market: A Spatial Analysis of Iowa Corn Prices," Journal of Agricultural & Food Industrial Organization, De Gruyter, vol. 18(2), pages 1-11, November.
    7. Gloy, Angela & Dooley, Frank J., 2003. "The Effect of Identity Preserved Premiums on Elevator Grain Flows," 2003 Annual meeting, July 27-30, Montreal, Canada 21955, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    8. Bekkerman, Anton & Pelletier, Denis, 2009. "Basis Volatilities of Corn and Soybean in Spatially Separated Markets: The Effect of Ethanol Demand," 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin 49281, Agricultural and Applied Economics Association.
    9. Bacbcock, Michael W. & Sorenson, L. & Chow, Ming H. & Klindworth, Keith A., 1985. "Impact of the Staggers Rail Act on agriculture: A Kansas case," Transportation Research Forum Proceedings 1980s 311768, Transportation Research Forum.
    10. O'Brien, Daniel M., 2009. "The Effects of the Micro-Market Structure for Kansas Grain Elevators on Spatial Grain Price Differentials," 2009 Conference, April 20-21, 2009, St. Louis, Missouri 53041, NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management.

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