Publication Date


Series Number

96-WP 171


The international wheat market has received much attention from researchers because of the perception that noncompetitive elements exist in the market. This study examines price dynamics among the United States, Canada, Australia, the European Union, and Argentina using a cointegration and error correction approach. Unlike some past studies, the results here suggest that there is no distinct price leader in the international wheat market.

Publication Information

This working paper was published as Mohanti, Samarendu, William H. Meyers and Darnell B. Smith, "A Reexamination of Price Dynamics in the International Wheat Market," Canadian Journal of Agricultural Economics 47 (1999): 21–29, doi:10.1111/j.1744-7976.1999.tb00213.x.