Recently Published Journal Articles (View All Articles)
New Evidence on Microstructure Noise and Public Announcements. European Journal of Operations Research 298(2022):785-800.
To Batch or not Batch? The Release of USDA Crop Reports. Agricultural Economics, available online August 5, 2021.
Biodiesel Hedging under Binding Renewable Fuel Standard Mandates. Energy Economics 96(2021), article 105160.
When Does USDA Information Have the Most Impact on Crop and Livestock Markets? Journal of Commodity Markets 22(2021), article 100137.
The Misbehavior of Simple Bid-Ask Spread Estimators (April 2022)
Latest Weekend Reading on Twitter (View All Threads)
The Price of Biodiesel RINs and Economic Fundamentals (December 2018) NBER Working paper No. 25341
Futures Market Regulation (March 2018) American Enterprise Institute series on Agricultural Policy in Disarray: Reforming the Farm Bill
FaKe Beamer Powerpoint template (Jan 2018)
Scott Irwin Answers Kocieniewski (Jan 2014) Guest blog post at Streetwise Professor
Solving the Commodity Markets’ Non-Convergence Puzzle (August 2013) Amber Waves
Bubbles, Food Prices, and Speculation: Evidence from the CFTC’s Daily Large Trader Data Files (May 2013) NBER Working paper No. 19065
Blaming Energy Futures for Energy’s Current Costs (May 2012) Op-Ed in The Washington Times
The Impact of Index and Swap Funds on Commodity Futures Markets: Preliminary Results (Jun 2010) OECD Working Paper
The Impact of Index and Swap Funds in Commodity Futures Markets (Jun 2010) OECD Technical Report
Index Funds and Commodity Prices… Here We Go Again (Jul 2009) Guest blog post at Econbrowser
Market Instability in a New Era of Corn, Soybean, and Wheat Prices (Apr 2009) Choices, 1st Quarter 2009, 24(1)
The Misadventures of Mr. Masters: Act II (Sep 2008) Guest blog post at Econbrowser
Futures Imperfect (Jul 2008) Op-Ed in the New York Times
Is Speculation by Long-Only Index Funds Harmful to Commodity Markets? (Jul 2008) Testimony Prepared for the U.S. House of Representatives Committee on Agriculture
Recent Convergence Performance of CBOT Corn, Soybean, and Wheat Futures Contracts (Jul 2008) Choices, 2nd Quarter 2008, 23(2)
Recent Delivery Performance of CBOT Corn, Soybean, and Wheat Futures Contracts (Apr 2008) Statement to the CFTC Agricultural Forum
Commodity Arbitrage (Apr 2008) Guest blog post at Econbrowser