Changes in Crop Prices before and after Releases of Statistics Canada's Field Crop Reporting Series Publications - ARCHIVED
Articles and reports: 21-004-X201100111412
Statistics Canada administers six surveys per year to collect information on intended, seeded and harvested acreages, yields, production and stocks of principal field crops, and publishes these survey estimates in the Field Crop Reporting Series (FCRS). This paper analyses short-term movements in weekly crop prices from the week before the releases of FCRS to the week after the releases. Field crops included in this study are oats, canola, corn, flax, barley and wheat, while specialty crops studied are sunflower seed, canary seed, field peas, lentils, mustard seed, chick peas and green peas. The data for field crops cover a period from 1990 to 2009 and that for specialty crops cover varying periods from 1992 to 2009 based on their availability. The results reveal that the price changes before and after the official releases of FCRS tend to even out over time. The results also suggest that prices after the releases are as likely to increase as they are to decrease. Based on the findings, the study concludes that the publication of statistics in the FCRS has no systematic effect on crop prices. The results are consistent with the findings of the National Agricultural Statistics Service of the United States Department of Agriculture.
Main Product: VISTA on the Agri-food Industry and the Farm Community