2014•International journal on food system dynamicsOpen access
Do Agricultural Commodity Firm Stock Price and Agricultural Commodity Price Move Together?
Francis Declerck
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Abstract
The research aims at explaining stock performance of processing companies as a function of commodity performance on commodity markets. The results show that stock prices of food companies do not significantly depend on agricultural market prices. So, risks of agricultural market price volatility cannot be hedged using food firm stocks, whose markets are more liquid.