Spatial and temporal relationships among selected U.S. grain markets
1985
Brorsen, B.W. | Chavas, J. | Grant, W.R. | Ngenge, A.W.
Extract: The dynamic relationships of weekly prices for corn, sorghum, and soybeans in different locations are investigated. The adjustments across space are slower than those between commodities, suggesting that the necessity for arbitrage by transportation slows price adjustments. Price changes in Kansas City lead price changes in the Texas High Plains and in Houston.
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