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Sino-U.S. Price Transmission in Agricultural Commodities: How Important are Exchange Rate Movements?
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Abstract
Commodity price transmissions between China and the U.S. are examined. The results indicate that variations in Chinese cotton and soybean prices are transmitted to U.S. cotton and soybean prices while variations in Chinese wheat and rice prices do not get transmitted to U.S. wheat and rice prices. The effects of volatilities in oil prices and in the exchange rate on the price transmission are also assessed.rice, soybean, cotton, wheat, China, U.S., price transmission, exchange rate, Agricultural and Food Policy, Demand and Price Analysis, Q11, Q17,