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1 – 10 of 916Robin G. Adams, Christopher L. Gilbert and Christopher G. Stobart
Robin G. Adams, Christopher L. Gilbert and Christopher G. Stobart
Olga Isengildina-Massa and Stephen MacDonald
The purpose of this study is to analyze structural changes that took place in the cotton industry and develop a statistical model that reflects the current drivers of U.S. upland…
Abstract
The purpose of this study is to analyze structural changes that took place in the cotton industry and develop a statistical model that reflects the current drivers of U.S. upland cotton prices. This study concludes that a structural break in the U.S. cotton industry occurred in 1999, and that world cotton supply has become an important determinant of U.S. cotton prices. The model developed here forecasts changes in U.S. cotton price based on changes in U.S. cotton supply, changes in U.S. stocks-to-use ratio (S/U), changes in China's net imports as a share of world consumption, the proportion of U.S. cotton engaged in the loan program, and changes in world supply of cotton.
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