This study provides a comprehensive examination of the inflation-hedging potential of commodity indices and futures for U.S. investors using monthly data spanning July 1959 to December 2025 for 27 individual commodities, and January 1947 to November...
This study employed a different type of wavelet approach to investigate the dynamic interdependence among exchange rate volatility, stock indices, and energy commodity markets. Using daily data covering the period from 2005 to October 2025 on energy...
Financial stress can have significant implications for individuals, businesses, asset prices and the economy as a whole. This study examines the nonlinear structure and dynamic changes in the multifractal behavior of cross-correlation between the fin...
This study empirically investigates a central tension in quantitative finance: the divergence between theoretically optimal and robust portfolio construction under real-world estimation uncertainty. Using a dynamic, time-varying optimization framewor...
This research examines the clustering structure and volatility spillover among steel-related products in monthly data from July 2004 to September 2025. Using various clustering methods, K-means, hierarchical techniques and market network analysis wit...
This study defines a methodology for the development of an economic indicator of natural resource use to be applied in the framework of the Life Cycle Assessment (LCA) methodology to integrate the assessment of the environmental performances of produ...
The role of global value-added chains is growing in international trade. The development gap between highly developed economies and developing countries means that the only products with which less developed economies can compete on the international...
This study aims to analyze the drivers behind price changes in agricultural products in Türkiye from 2002 to 2021, considering the impacts of three crises of different causes which are the global food crisis, the Russia–Türkiye aircra...
Anticipating and understanding fluctuations in the agri-food market is very important in order to implement policies that can assure fair prices and food availability. In this paper, we contribute to the understanding of this market by exploring its...
The present paper has two main objectives: first, to accurately estimate commodity price uncertainty; and second to analyze the uncertainty connectedness among commodity markets and the macroeconomic uncertainty, using the time-varying vector-autoreg...
The paper aims to examine the spillover of uncertainty among commodity markets using Diebold–Yilmaz approach based on forecast error variance decomposition. Next, causal impact of global factors as drivers of uncertainty transmission between oil and...
Sub-Saharan economies often rely heavily on a narrow range of commodities, making them particularly vulnerable to price fluctuations in global markets. This volatility predisposes these countries to economic instability, threatening short-term growth...
The analysis of commodity markets—particularly in the energy and metals sectors—is essential for understanding economic dynamics and guiding decision-making. Financial and economic uncertainty indices provide valuable insights that help r...
This paper examines the relationship between commodity index returns and the Office of Financial Research Financial Stress Index (OFR FSI). Utilizing the S&P GSCI and its five sub-indices (agriculture, livestock, energy, industrial metals, and pr...
This study examines the impact of commodity price shocks on the banking sector stability of 18 African commodity-exporting economies using an unbalanced panel dataset spanning a 16-year period from 2000–2015. The study on the impact of commodit...
This paper examines the dynamic relationships between speculative activities, commodity returns, and macroeconomic conditions across five sectors compassing 29 commodities. Using weekly data spanning from January 2000 to July 2023, we construct compr...
The aim of this study is to test the ability of the yield curve on US government bonds to forecast the future evolution in the prices of commodities often used in as raw materials. We consider the monthly prices of nine commodities for more than 30 y...
This paper examines whether the proliferation of new index products, such as commodity-tracking exchange-traded funds (ETFs), amplified the volatility transmission channel introduced by financialization. This paper focuses on the volatility spillover...
This study presents a comprehensive bibliometric analysis conducted in R Studio of the scientific landscape regarding commodity markets, trading strategies, sustainable production, integration of technologies such as machine learning, and their econo...
Global commodity chains reshape rural territories through interconnected environmental and socioeconomic processes; these dynamics are often examined through the lens of land-use change. Export-oriented agricultural frontiers illustrate how global ma...
This study aims to employ a causal network model based on transfer entropy for the early warning of systemic risk in commodity markets. We analyzed the dynamic causal relationships of prices for 25 commodities related to China (including futures and...
This paper investigates the link between commodity price volatility and stock market indices in Nigeria, Ghana, and Côte d’Ivoire, focusing on commodities such as oil, cocoa, and gold over a daily period from 2 January 2020 to 31 December...
The rapid upward shift in ethanol demand has raised concerns about ethanol’s impact on the price level and volatility of agricultural commodities. The popular press attributes much of this volatility in commodity prices to a price bubble in ethanol f...
The global literature widely uses Revealed Comparative Advantage (RCA), Lafay Index (LFI), Export Diversification (EDI), Hirschman (HI), and Major Export Category (MEC) to analyze international trade flows, though agricultural trade, specifically agr...
Agricultural commodities experienced a rise in prices during the first decade of the 2000s. The literature shows that the monetary policies adopted by developed economies can influence practically all economic indicators of developing markets. This p...
The aim of this study was to investigate the Granger causality between geopolitical risk (GPR) sub-indices in order to examine the implications of geopolitical risk on ten agricultural commodities classified as softs or grains. The Granger causality...
This study investigates the impact of commodity price volatility (including soft commodities, precious metals, industrial metals, and energy) on the dynamics of corporate sukuk returns. Using a sample of sukuk indices from Gulf Cooperation Council (G...
This paper examines the connectedness between Bitcoin and commodity volatilities, including oil, wheat, and corn, during the period Oct. 2013–Jun. 2018, using time- and frequency-domain frameworks. The time-domain framework’s results show...
Global narratives around the links between deforestation and agricultural commodity production have led to the application of voluntary zero-deforestation agreements between companies, governments, and civil society. The continued tropical deforestat...
Agricultural commodities are considered perhaps the most important commodities, as any abrupt increase in food prices has serious consequences on food security and welfare, especially in developing countries. In this work, we analyze predictability o...
This paper examines global equity market integration, commodity-price exposure, and volatility spillovers in Ghana’s frontier equity market. Using daily data from January 2011 to December 2025, we estimate a multi-factor asset pricing model nes...
The aim of this research is to explore the volatility contagion among different agricultural commodity markets. For this purpose, this research make use of the copula-GARCH (Generalized Autoregressive Conditional Heteroskedasticity) model for the dai...
This study examines the volatility and hedging effectiveness of commodities, specifically gold and oil, on the Indian stock market, focusing on both aggregate and sectoral indices. Data have been collected from 1 January 2021 to 31 December 2024 to c...
Prices and quantities in agricultural commodity and food product markets are subject to constant changes due to evolving supply and demand conditions. Big and sudden shifts in supply or demand may lead to price movements that bring negative consequen...
This study examines links between global financial stress and cryptocurrency returns from 1 January 2017 to 31 January 2025, while explicitly accounting for commodity markets. We use an econometric toolkit: unit-root and cointegration testing, ARDL b...
The present study aims at modelling market risk for four commodities, namely West Texas Intermediate (WTI) crude oil, natural gas, gold and corn for the period 2007–2017. To this purpose, we use Extreme Value Theory (EVT) together with a set of...
The negative socio-economic consequences of the COVID-19 pandemic are widely discussed. However, relatively less attention is paid to its impact on the world commodity price formation including energy and food prices. The aim of this paper is to exam...
Socially responsible investing (SRI) or sustainable, responsible, and impact investing is growing fast. The net total of SRI assets at the beginning of 2018 was USD 12.0 trillion. There is extensive literature on SRI, but very little of it relates to...
Forecasting agricultural futures prices across multiple commodities remains highly challenging due to nonlinear price dynamics, strong market volatility, and complex cross-market and cross-commodity interactions. To address these issues, this paper p...
This article explores the relationship between commodity price cycles and the US business cycle. Commodity price cycles are known to foster capricious macroeconomic activity, and understanding their behaviour offers valuable economic insight. The US...
In this article, we seek to present the synthesis of the global ethanol market in the United States (US) and Brazil by using caloric equivalence to empirically characterize the elasticity of supply and demand. We also seek to evaluate the relationshi...
Bayesian extreme value analysis was used to forecast the optimal point in agricultural commodity futures prices in the United States for cocoa, coffee, corn, soybeans and wheat. Data were collected daily between 2000 and 2020. The estimation of extre...
This study analyzes the potential utilization of rock dust as a sustainable alternative to the use of traditional fertilizers, considering the distance between mining areas and areas where agricultural commodities are produced in the state of Mato Gr...
The linkage between construction output prices and international commodity markets has become increasingly pronounced, yet evidence on how commodity price shocks relate to final construction output prices remains limited. Existing studies typically r...
This research measured the welfare impacts of food trade liberalization in India, Egypt, Pakistan, Saudi Arabia, and the United Arab Emirates (UAE) using the partial equilibrium model—World Integrated Trade Solution (WITS). Macroeconomic settings, do...
Despite their significance in numerous applications, many critical minerals and metals are still considered minor. Since most of them are not found alone in mineral deposits, their co- or by-production depends on the production of base metals and oth...
This study analyses the impact of the Geopolitical Risk Index (GPR) on the volatility of commodity futures returns from 4 January 2010 to 30 June 2023, using Exponential Generalized Autoregressive Conditional Heteroskedasticity (EGARCH) models. It ex...
This study examines the determinants of gold returns over the period 2000–2025, a period marked by recurrent financial crises, geopolitical tensions, and major shifts in global monetary conditions. As gold represents both a strategic commodity...
We propose the Commodity-Specific Sustainability Index (CSSI), a multidimensional system for quantifying Brazil–China commodity trade dependence that integrates environmental, economic, and social sustainability metrics with conventional trade...
The aim of this article is to supply the first empirical research inspecting how changes in diesel prices influence the prices of four agricultural commodities in Bulgaria. For this purpose, using a VECM and monthly agricultural commodity prices betw...
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