Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/325620 
Year of Publication: 
2021
Citation: 
[Journal:] Italian Review of Agricultural Economics (REA) [ISSN:] 2281-1559 [Volume:] 76 [Issue:] 2 [Year:] 2021 [Pages:] 5-15
Publisher: 
Firenze University Press, Florence
Abstract: 
This paper aims to analyze the decision regarding corn storage (for the first and second crops) in the current context of the Brazilian market through an economic model of dynamic storage. We consider storage as a competitive economic activity and that agents can maximize profit through rational expectations. Our results provide a comprehensive analysis of how growth in the Brazilian second crop and high level of exports has impacted corn storage dynamics. The export rule suggests increasing exports when availability exceeds 37.3 million tons in the first crop and 56.3 million tons in availability in the second crop. The storage rule suggests that storage formation occurs increasingly in the first crop when supply exceeds 38.1 million tons and 60.9 million tons in the second crop.
Subjects: 
Brazilian corn market
commodity price dynamics
storage model
JEL: 
Q11
C61
D41
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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