TY  - JOUR
AB  - The purpose of this study was to determine if a preference for round prices exists in the wheat market and how wheat sales react to price movements around whole‐dollar amounts. The results show round prices are slightly more prevalent than non round prices, and transactions increase when price moves above a whole‐dollar amount. While such predictable behavior could be exploited by speculators in other markets, the effect is not large enough to merit concern in the market studied here.
VL  - 67
IS  - 2
SN  - 0002-1466
DO  - 10.1108/00214660780001214
UR  - https://doi.org/10.1108/00214660780001214
AU  - Klumpp Joni M.
AU  - Wade Brorsen B.
AU  - Anderson Kim B.
PY  - 2007
Y1  - 2007/01/01
TI  - Producers’ preferences for round number prices
T2  - Agricultural Finance Review
PB  - Emerald Group Publishing Limited
SP  - 377
EP  - 385
Y2  - 2024/04/24
ER  -