Price information in producer markets: an evaluation of futures and spot cotton price relationships in the Southwest region using cointegration
Producer spot (cash) prices of cotton from the Southwest region were compared to futures prices for cotton to examine the cash/futures price relationship using the cointegration technique. The results showed that the cash producer price and the futures price were not consistently related. The future...
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| Veröffentlicht in: | Agribusiness (New York, N.Y.) N.Y.), 1996-07, Vol.12 (4), p.363-369 |
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| container_title | Agribusiness (New York, N.Y.) |
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| creator | Hudson, Darren Elam, Emmett Ethridge, Don Brown, Jeff |
| description | Producer spot (cash) prices of cotton from the Southwest region were compared to futures prices for cotton to examine the cash/futures price relationship using the cointegration technique. The results showed that the cash producer price and the futures price were not consistently related. The futures and cash prices were cointegrated in 2 of 4 years, while not cointegrated in the other 2 years. The inconsistency indicates that the reliability of the futures price as a source of price information to producers of cotton in the Southwest is questionable. This relationship may be arising from quality uncertainty in the producer market. |
| doi_str_mv | 10.1002/(SICI)1520-6297(199607/08)12:4<363::AID-AGR6>3.0.CO;2-X |
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Agricultural Operations Div. Ministry of Agriculture and Livestock Development, Dar es Salaam (Tanzania). Marketing Development Bureau ; Texas Tech University</creatorcontrib><description>Producer spot (cash) prices of cotton from the Southwest region were compared to futures prices for cotton to examine the cash/futures price relationship using the cointegration technique. The results showed that the cash producer price and the futures price were not consistently related. The futures and cash prices were cointegrated in 2 of 4 years, while not cointegrated in the other 2 years. The inconsistency indicates that the reliability of the futures price as a source of price information to producers of cotton in the Southwest is questionable. This relationship may be arising from quality uncertainty in the producer market.</description><identifier>ISSN: 0742-4477</identifier><identifier>EISSN: 1520-6297</identifier><identifier>DOI: 10.1002/(SICI)1520-6297(199607/08)12:4<363::AID-AGR6>3.0.CO;2-X</identifier><identifier>CODEN: AGRBEY</identifier><language>eng</language><publisher>New York: Wiley Subscription Services, Inc., A Wiley Company</publisher><subject>algodon ; Arbitrage ; circuit de commercialisation ; Cointegration analysis ; Commodity futures ; Comparative analysis ; corrientes de mercadeo ; coton ; Cotton ; economic geography ; Equity financing ; Futures ; Futures market ; futures trading ; geografia economica ; geographie economique ; marche a terme ; Market prices ; marketing channels ; mathematical models ; methode statistique ; metodos estadisticos ; modele mathematique ; modelos matematicos ; oklahoma ; operaciones a plazo ; precio al productor ; Price quotations ; Prices ; prix a la production ; Producer prices ; statistical methods ; Studies ; texas</subject><ispartof>Agribusiness (New York, N.Y.), 1996-07, Vol.12 (4), p.363-369</ispartof><rights>Copyright © 1996 John Wiley & Sons, Inc.</rights><rights>Copyright Wiley Periodicals Inc. Jul/Aug 1996</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://onlinelibrary.wiley.com/doi/pdf/10.1002%2F%28SICI%291520-6297%28199607%2F08%2912%3A4%3C363%3A%3AAID-AGR6%3E3.0.CO%3B2-X$$EPDF$$P50$$Gwiley$$H</linktopdf><linktohtml>$$Uhttps://onlinelibrary.wiley.com/doi/full/10.1002%2F%28SICI%291520-6297%28199607%2F08%2912%3A4%3C363%3A%3AAID-AGR6%3E3.0.CO%3B2-X$$EHTML$$P50$$Gwiley$$H</linktohtml><link.rule.ids>314,776,780,1411,3994,27901,27902,45550,45551</link.rule.ids><backlink>$$Uhttp://econpapers.repec.org/article/wlyagribz/v_3a12_3ay_3a1996_3ai_3a4_3ap_3a363-369.htm$$DView record in RePEc$$Hfree_for_read</backlink></links><search><creatorcontrib>Hudson, Darren</creatorcontrib><creatorcontrib>Elam, Emmett</creatorcontrib><creatorcontrib>Ethridge, Don</creatorcontrib><creatorcontrib>Brown, Jeff</creatorcontrib><creatorcontrib>FAO, Rome (Italy). Agricultural Operations Div. Ministry of Agriculture and Livestock Development, Dar es Salaam (Tanzania). Marketing Development Bureau</creatorcontrib><creatorcontrib>Texas Tech University</creatorcontrib><title>Price information in producer markets: an evaluation of futures and spot cotton price relationships in the Southwest region using cointegration</title><title>Agribusiness (New York, N.Y.)</title><addtitle>Agribusiness</addtitle><description>Producer spot (cash) prices of cotton from the Southwest region were compared to futures prices for cotton to examine the cash/futures price relationship using the cointegration technique. The results showed that the cash producer price and the futures price were not consistently related. The futures and cash prices were cointegrated in 2 of 4 years, while not cointegrated in the other 2 years. The inconsistency indicates that the reliability of the futures price as a source of price information to producers of cotton in the Southwest is questionable. This relationship may be arising from quality uncertainty in the producer market.</description><subject>algodon</subject><subject>Arbitrage</subject><subject>circuit de commercialisation</subject><subject>Cointegration analysis</subject><subject>Commodity futures</subject><subject>Comparative analysis</subject><subject>corrientes de mercadeo</subject><subject>coton</subject><subject>Cotton</subject><subject>economic geography</subject><subject>Equity financing</subject><subject>Futures</subject><subject>Futures market</subject><subject>futures trading</subject><subject>geografia economica</subject><subject>geographie economique</subject><subject>marche a terme</subject><subject>Market prices</subject><subject>marketing channels</subject><subject>mathematical models</subject><subject>methode statistique</subject><subject>metodos estadisticos</subject><subject>modele mathematique</subject><subject>modelos matematicos</subject><subject>oklahoma</subject><subject>operaciones a plazo</subject><subject>precio al productor</subject><subject>Price quotations</subject><subject>Prices</subject><subject>prix a la production</subject><subject>Producer prices</subject><subject>statistical methods</subject><subject>Studies</subject><subject>texas</subject><issn>0742-4477</issn><issn>1520-6297</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>1996</creationdate><recordtype>article</recordtype><sourceid>X2L</sourceid><sourceid>BENPR</sourceid><recordid>eNqFktFu0zAUhiMEEmXwCijihu0inR07dlIQqBTWdaooUMZ2d-SkTpuRJsVOVspL8MocN6hIgMCSZUf-z5f_-LfnvaSkTwkJT4_nk9HkhEYhCUSYyGOaJILIUxKf0HDAnzPBBoPh5HUwHH8QL1if9EezZ2FwfcfrHWruej0ieRhwLuV974G1N4QQR-l539-ZItN-UeW1WaumqCvc-xtTL9pMG3-tzGfd2IGvKl_fqrLtJHXu523TGm3xYOHbTd34Wd00tSt1PKPLvdKuio11xGal_XndNquttg0eLx2mtUW1xMKiavTS7AseevdyVVr96Od65F2evfk4Og-ms_FkNJwGGeehCJhmPOWpXkgdxjpRIhWKy4WKsCkuKM8ilTOlRLKgKmOpIkyIXKcyZTpSdKHZkfe042KrX1r0BOvCZrosVaXr1oLkjMVUiBiVT35T3tStqdAchCFDgfy3iCaSJSwWDEVXnSgztbVG54CXhTe8A0rAZQ3gsgaXG7jcoMsaSAw0BA6YNQBmDS5rYEBgNIMQrpF80ZGN3ujsgN2WO7U0RfoNboEpRDC1cxuk4lLgRKba4HRkJhJYNetfNrdFqXd_ePy_xb843H8jOejIhW301wMZ3xgIyWQEV2_HcP7p4tU0mr-HM9Q_7vS5qsF1YuFyjj-UhDDCcPwAZbvxqw</recordid><startdate>199607</startdate><enddate>199607</enddate><creator>Hudson, Darren</creator><creator>Elam, Emmett</creator><creator>Ethridge, Don</creator><creator>Brown, Jeff</creator><general>Wiley Subscription Services, Inc., A Wiley Company</general><general>John Wiley & Sons, Ltd</general><general>Wiley Periodicals Inc</general><scope>FBQ</scope><scope>BSCLL</scope><scope>DKI</scope><scope>X2L</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>7ST</scope><scope>C1K</scope><scope>SOI</scope><scope>3V.</scope><scope>7WY</scope><scope>7WZ</scope><scope>7X2</scope><scope>7XB</scope><scope>87Z</scope><scope>8FE</scope><scope>8FG</scope><scope>8FH</scope><scope>8FK</scope><scope>8FL</scope><scope>ABJCF</scope><scope>ABUWG</scope><scope>AEUYN</scope><scope>AFKRA</scope><scope>ATCPS</scope><scope>AZQEC</scope><scope>BENPR</scope><scope>BEZIV</scope><scope>BGLVJ</scope><scope>BHPHI</scope><scope>CCPQU</scope><scope>DWQXO</scope><scope>FRNLG</scope><scope>F~G</scope><scope>GNUQQ</scope><scope>HCIFZ</scope><scope>K60</scope><scope>K6~</scope><scope>L.-</scope><scope>L6V</scope><scope>M0A</scope><scope>M0C</scope><scope>M0K</scope><scope>M7S</scope><scope>PATMY</scope><scope>PQBIZ</scope><scope>PQBZA</scope><scope>PQEST</scope><scope>PQQKQ</scope><scope>PQUKI</scope><scope>PRINS</scope><scope>PTHSS</scope><scope>PYCSY</scope><scope>Q9U</scope><scope>7TA</scope><scope>8FD</scope><scope>JG9</scope></search><sort><creationdate>199607</creationdate><title>Price information in producer markets: an evaluation of futures and spot cotton price relationships in the Southwest region using cointegration</title><author>Hudson, Darren ; 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Agricultural Operations Div. Ministry of Agriculture and Livestock Development, Dar es Salaam (Tanzania). 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Agricultural Operations Div. Ministry of Agriculture and Livestock Development, Dar es Salaam (Tanzania). Marketing Development Bureau</aucorp><aucorp>Texas Tech University</aucorp><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Price information in producer markets: an evaluation of futures and spot cotton price relationships in the Southwest region using cointegration</atitle><jtitle>Agribusiness (New York, N.Y.)</jtitle><addtitle>Agribusiness</addtitle><date>1996-07</date><risdate>1996</risdate><volume>12</volume><issue>4</issue><spage>363</spage><epage>369</epage><pages>363-369</pages><issn>0742-4477</issn><eissn>1520-6297</eissn><coden>AGRBEY</coden><abstract>Producer spot (cash) prices of cotton from the Southwest region were compared to futures prices for cotton to examine the cash/futures price relationship using the cointegration technique. The results showed that the cash producer price and the futures price were not consistently related. The futures and cash prices were cointegrated in 2 of 4 years, while not cointegrated in the other 2 years. The inconsistency indicates that the reliability of the futures price as a source of price information to producers of cotton in the Southwest is questionable. This relationship may be arising from quality uncertainty in the producer market.</abstract><cop>New York</cop><pub>Wiley Subscription Services, Inc., A Wiley Company</pub><doi>10.1002/(SICI)1520-6297(199607/08)12:4<363::AID-AGR6>3.0.CO;2-X</doi><tpages>7</tpages></addata></record> |
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| identifier | ISSN: 0742-4477 |
| ispartof | Agribusiness (New York, N.Y.), 1996-07, Vol.12 (4), p.363-369 |
| issn | 0742-4477 1520-6297 |
| language | eng |
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| source | RePEc; Wiley Online Library Journals Frontfile Complete; Business Source Complete |
| subjects | algodon Arbitrage circuit de commercialisation Cointegration analysis Commodity futures Comparative analysis corrientes de mercadeo coton Cotton economic geography Equity financing Futures Futures market futures trading geografia economica geographie economique marche a terme Market prices marketing channels mathematical models methode statistique metodos estadisticos modele mathematique modelos matematicos oklahoma operaciones a plazo precio al productor Price quotations Prices prix a la production Producer prices statistical methods Studies texas |
| title | Price information in producer markets: an evaluation of futures and spot cotton price relationships in the Southwest region using cointegration |
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