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How Does Structural Change in the Global Soybean Market Affect the U.S. Price?
- 英文名称：
- How Does Structural Change in the Global Soybean Market Affect the U.S. Price?
- 作者：
- Gerald Plato; William Chambers
- 工作单位：
- USDA's Economic Research Service
- 关键词：
- Soybeans; price forecasts; structural change; South America;
- 年份：
- 2004
- 出版地：
- Washington, DC, USA
- 总页数：
- 10 pp
- 语种：
- English
- 摘要：
- South American soybean production, combined with the U.S. soybean stocks-to-use ratio, provides a strong basis for forecasting U.S. soybean prices. South American soybean production accounts for much of the global structural change that has altered the relationships among U.S. soybean production, use, stocks, and price. The article estimates that a 1-percent increase in South American soybean production decreases U.S. soybean prices by about one-quarter percent.
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