Export Demand for U.S. Corn, Soybeans, and Wheat

摘要

An econometric analysis of demand for U.S. corn, soybean, and wheat exports for1961-83 produced price, income, and exchange rate elasticity estimates that ranged from inelastic to elastic across major markets. Shortrun elasticity estimates for most corn markets were elastic for price but inelastic for income and exchange rates. Estimates for most soybean markets were inelastic for price and exchange rates, but half the soybean markets were elastic for income. Estimates for most wheat markets were inelastic for price, income, and exchange rates. This individual-market approach provides information that could help policymakers and exporters tailor longer run export-marketing strategies to fit specific markets.