Soybean quality differentials, blending, testing and spatial arbitrage

William, Wilson; Dahl, Bruce L.; Hertsgaard, David Jorgen

doi:10.1016/j.jcomm.2019.100095

Cited by 9 publications

(8 citation statements)

References 9 publications

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“…As a result, it is becoming more common for soybean buyers to apply discounts to broad purchase areas. As an example, it is common for Pacific Northwest (PNW) soybeans to be discounted up to 40 cents per bushel relative to the US Gulf on a China delivery basis (Wilson et al, 2020). Other buyers preclude specific origins (e.g., PNW) due to their perception of historically lower protein levels.…”

Section: Background and Previous Studiesmentioning

confidence: 99%

“…More recent studies on the economics of soybean quality include Hertsgaard et al (2019) and Wilson et al (2020) which addressed issues related to alternative specifications for soybean to achieve end‐use quality. This was premised that most buyers specified protein or may not even do that.…”

Section: Background and Previous Studiesmentioning

confidence: 99%

“…This strategy was evaluated in an extended model (Wilson et al, 2020) that is similar to models previously developed to examine wheat quality strategies (Wilson, 1989; Wilson & Dahl, 2006, 2009; Wilson et al, 2007). Results indicated that buyer risk can be reduced from 4.42% to 0.25% (interpreted as the probability of not meeting the buyer requirements) by testing and blending PNW shipments with a share from the US Gulf.…”

Section: Background and Previous Studiesmentioning

confidence: 99%

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Nongrade quality factor influence on origin soybean basis: Evidence from North Dakota

Bullock,

Wilson,

Thompson

2024

J of Agr & App Econ Assoc

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Recent evidence indicates that end‐users of US soybeans are placing additional quality specifications in their contracts that are outside those covered by the official USDA grades and standards (such as protein and essential amino acid [EAA] content). This has led some industry groups to publish additional quality data on an annual basis. Using a 14‐year panel data set from North Dakota, this study examines whether the release of quality data has an impact on the basis for soybeans at origins. The regression results strongly support the hypothesis that the additional EAA data had a statistically significant impact upon origin basis.

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Section: Background and Previous Studiesmentioning

confidence: 99%

Section: Background and Previous Studiesmentioning

confidence: 99%

Section: Background and Previous Studiesmentioning

confidence: 99%

See 1 more Smart Citation

Nongrade quality factor influence on origin soybean basis: Evidence from North Dakota

Bullock,

Wilson,

Thompson

2024

J of Agr & App Econ Assoc

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“…On a parallel track, many healthcare institutions have started to implement QMP to mitigate the COVID-19 disruption effects, improve responsiveness and increase capacity (William et al, 2020;Leite et al, 2020). In the aftermath of the pandemic, sustaining QMP is crucial for healthcare institutions willing to maintain adequate healthcare service given the fact that COVID-19 effects will continue to affect the sector in the years to come (Leite et al, 2020).…”

Section: The Performance Of Quality Managementmentioning

confidence: 99%

Section: Theoretical Backgroundmentioning

confidence: 99%

Investigating the performance of quality management practices induced by top management commitment and Kaizen initiatives: evidence from Jordanian public hospitals in the aftermath of COVID-19

Alsmairat

Baz

Al-Ma’aitah

2023

IJQRM

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PurposeThis study investigates the effects of top management commitment (TMC) and Kaizen on quality management practices (QMP) and how the latter influence the performance of Jordanian public hospitals in the aftermath of COVID-19.Design/methodology/approachA survey-based questionnaire was employed to collect data from 222 practitioners and professionals working in public hospitals in Jordan. Partial least squares structural equation modeling (PLS-SEM) was undertaken to analyze data.FindingsSignificant and positive effects of TMC and Kaizen (continuous improvement) on QMP are highlighted by the results. The findings also show that QMP has a positive and significant impact on public hospitals' performance. Furthermore, the effects of TMC and Kaizen on performance were also found to be significant.Research limitations/implicationsPractitioners and researchers will gain a greater understanding of how implementing QMP can enhance the performance of public hospitals in the context of the COVID-19 outbreak. The results underline the important role of Kaizen and TMC in the success of QMP and their effect on performance. This research is a cross-sectional study, and there is a need to conduct further empirical investigation based on secondary data or objective measurement of performance.Originality/valueThis research is one of the first studies to investigate the effects of QMP on public hospitals' performance following the COVID-19 outbreak. This study is one of the empirical examinations of QMP and Kaizen in developing countries by investigating Jordanian public hospitals.

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Asymmetric information and blockchains in soybean commodity markets

Lakkakula

Bullock

Wilson

2021

Applied Eco Perspectives Pol

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Asymmetric information is prevalent in the grain and oilseed markets. This paper demonstrates the benefits of blockchain technology to mitigate asymmetric information about the soybean's protein quality between sellers and buyers. We use decision trees to model information asymmetry under both conventional and blockchain scenarios. The results suggest that asymmetric information can be mitigated with a blockchain, resulting in substantial premiums (40–60 cents per bushel of soybeans). These results could have significant implications for the grain and oilseed industry in order to decrease transaction costs, to improve market efficiency, and to prioritize strategies for the procurement of soybeans. JEL CLASSIFICATION O33 Q13; Q17

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Soybean quality differentials, blending, testing and spatial arbitrage

Cited by 9 publications

References 9 publications

Nongrade quality factor influence on origin soybean basis: Evidence from North Dakota

Nongrade quality factor influence on origin soybean basis: Evidence from North Dakota

Investigating the performance of quality management practices induced by top management commitment and Kaizen initiatives: evidence from Jordanian public hospitals in the aftermath of COVID-19

Asymmetric information and blockchains in soybean commodity markets

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