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Usda Export Sales Report: Is It News?

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  • Patternson, Paul M.
  • Brorsen, B. Wade

Abstract

This paper investigates whether the U.S. Export Sales report provides new information to the market. Event study methodology is used to evaluate the movement of futures prices on days around the release of the report. The results reveal that the information in the report is generally anticipated by traders.

Suggested Citation

  • Patternson, Paul M. & Brorsen, B. Wade, 1991. "Usda Export Sales Report: Is It News?," 1991 Annual Meeting, August 4-7, Manhattan, Kansas 271260, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea91:271260
    DOI: 10.22004/ag.econ.271260
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    References listed on IDEAS

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    1. Richard E. Just, 1983. "The Impact of Less Data on the Agricultural Economy and Society," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 65(5), pages 872-881.
    2. Ted Schroeder & Joanne Blair & James Mintert, 1990. "Abnormal Returns in Livestock Futures Prices Around USDA Inventory Report Releases," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 12(2), pages 293-304.
    3. Daniel A. Summer & Rolf A. E. Mueller, 1989. "Are Harvest Forecasts News? USDA Announcements and Futures Market Reactions," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 71(1), pages 1-8.
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    Cited by:

    1. Anderson, John D. & Ward, Clement E. & Koontz, Stephen R. & Peel, Derrell S. & Trapp, James N., 1997. "Public Information Impacts on Price Discovery and Marketing Efficiency in the Fed Cattle Market," Staff Papers 232523, Virginia Polytechnic Institute and State University, Department of Agricultural and Applied Economics.
    2. Bahram Sanginabadi, 2018. "USDA Forecasts: A meta-analysis study," Papers 1801.06575, arXiv.org.
    3. Parcell, Joseph L. & Kalaitzandonakes, Nicholas G., 2001. "The Response Of Corn Futures Markets To Agro-Biotechnology News," 2001 Annual Meeting, July 8-11, 2001, Logan, Utah 36124, Western Agricultural Economics Association.
    4. Patterson, Paul M. & Thor, Eric P., 1996. "Government Export Assistance: A Review and Secondary Analysis," Agricultural Commodity Promotion Policies and Programs in the Global Agri-Food System, May 26-27, 1996, Cancun, Mexico 279653, Regional Research Projects > NECC-63: Research Committee on Commodity Promotion.
    5. Anderson, John D. & Ward, Clement E. & Koontz, Stephen R. & Peel, Derrell S. & Trapp, James N., 1998. "Experimental Simulation Of Public Information Impacts On Price Discovery And Marketing Efficiency In The Fed Cattle Market," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 23(1), pages 1-17, July.
    6. Klomp, Jeroen, 2020. "The impact of Russian sanctions on the return of agricultural commodity futures in the EU," Research in International Business and Finance, Elsevier, vol. 51(C).
    7. Phil L. Colling & Scott H. Irwin & Carl R. Zulauf, 1997. "Future price responses to USDA's Cold Storage report," Agribusiness, John Wiley & Sons, Ltd., vol. 13(4), pages 393-400.

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