Oil price shocks and agricultural commodity prices

World oil prices and agricultural commodity prices: The evidence from China

“…Esmaeili and Shokoohi (2011) found that the crude oil prices have an indirect effect on food prices. Campiche et al (2007) (Wang et al 2014). And Nazlioglu (2011) found that there is a persistent unidirectional nonlinear causality running from the oil prices to the corn and to the soybeans prices.…”

On Volatility Transmission from Crude Oil to Agricultural Commodities

“…Mensi et al [28] examine the dynamic linkages between energy market and agricultural commodities (mainly grains) and find evidence of significant linkages between these markets. Wang et al [29] examine the influence of crude oil price shocks on agricultural commodities before and after crisis of 2007-08 and find that the impact of crude oil prices on agricultural commodities prices are higher during the post-crisis period. Jiang, Marshand Tozer [30] examine the volatility transmission from crude oil to corn and find that this market interlink ages depend on ethanol-gasoline consumption ratio.…”

The Halloween effect on the agricultural commodities markets

“…Much attention has been paid to the relation between the oil prices and agricultural commodities prices (Mensi et al 2014;Wang et al 2014). On the other hand, only a little attention has been paid to the Halloween effect and other seasonal patterns on commodities markets, let alone on agricultural commodities markets.…”