OOIR: Observatory of International Research

Papers

(The median citation count of Journal of Commodity Markets is 2. The table below lists those papers that are above that threshold based on CrossRef citation counts [max. 250 papers]. The publications cover those that have been published in the past four years, i.e., from 2021-02-01 to 2025-02-01.)

Article	Citations
Corporate commodity exposure: A multi-country longitudinal study	51
The role of higher moments in predicting China's oil futures volatility: Evidence from machine learning models	31
The strategic allocation to style-integrated portfolios of commodity futures	31
Hedging with futures during nonconvergence in commodity markets	27
Explaining intraday crude oil returns with higher order risk-neutral moments	27
Raising cane: Hedging calamity in Australian sugar	22
Editorial Board	22
Conditional feeder cattle hedge ratios: Cross hedging with fluctuating corn prices	20
Profit margin hedging in the New Zealand dairy farming industry	19
Editorial Board	18
Transportation costs: Mississippi River barge rates	18
Editorial Board	18
Four Commitments of Traders Reports puzzles, revisited: Answers from grains and oilseeds futures markets	16
Trading time seasonality in electricity futures	15
The economic impact of daily volatility persistence on energy markets	15
Carr and Wu’s (2020) framework in the oil ETF option market	15
Microstructure and high-frequency price discovery in the soybean complex	14
Financialization of commodity markets ten years later	14
Can gold hedge against oil price movements: Evidence from GARCH-EVT wavelet modeling	13
Economic drivers of volatility and correlation in precious metal markets	13
Do the basis and other predictors of futures return also predict spot return with the same signs and magnitudes? Evidence from the LME	13
Idiosyncratic information spillover and connectedness network between the electricity and carbon markets in Europe	12
Forecasting the dynamic relationship between crude oil and stock prices since the 19th century	12
Are there price asymmetries in the U.S. beef market?	12
Are shocks in the stock markets driven by commodity markets? Evidence from Russia-Ukraine war	12

Anything but gold - The golden constant revisited	12
The “necessary evil” in Chinese commodity markets	11
Editorial Board	10
Commodity momentum: A tale of countries and sectors	10
An R-vine copula analysis of non-ferrous metal futures with application in Value-at-Risk forecasting	10
Gold as a financial instrument	10
Weathering market swings: Does climate risk matter for agricultural commodity price predictability?	10
How does carbon market interact with energy and sectoral stocks? Evidence from risk spillover and wavelet coherence	10
Tail dependence, dynamic linkages, and extreme spillover between the stock and China's commodity markets	9
Time-varying and multi-scale analysis of copper price influencing factors based on LASSO and EMD methods	9
Commodity prices under the threat of operational disruptions: Labor strikes at copper mines	8
USDA reports affect the stock market, too	8
Editorial Board	8
Option pricing revisited: The role of price volatility and dynamics	8
Managing the oil market under misinformation: A reasonable quest?	8
Editorial Board	7
Editorial Board	7
The Fortune and crash of common risk factors in Chinese commodity markets	7
Editorial Board	7
Editorial Board	7
Coal price shock propagation through sectoral financial interconnectedness in China's stock market: Quantile coherency network modelling and shock decomposition analysis	7
Rational destabilization in commodity markets	7
The commodities/equities beta term-structure	6
Quantifying impacts of competition and demand on the risk for fertilizer plant locations	6
Analysis of the risk premium in the forward market for salmon	6
Oil jump tail risk as a driver of inflation dynamics	6
The impact of the change in USDA announcement release procedures on agricultural commodity futures	5
Carbon pricing and the commodity risk premium	5
Quantile dependencies and connectedness between stock and precious metals markets	5
Asymmetric multi-scale systemic risk spillovers across international commodity futures markets: The role of infectious disease uncertainty	5
Importance of geopolitical risk in volatility structure: New evidence from biofuels, crude oil, and grains commodity markets	5
Nash equilibria in greenhouse gas offset credit markets	4
Dynamic connectedness between crude oil and equity markets: What about the effects of firm's solvency and profitability positions?	4
Boring finance. Petroleum exploration and firm debt: Evidence from Norway	4
Stock return predictability using economic narrative: Evidence from energy sectors	4
Diversification benefits of commodities in portfolio allocation: A dynamic factor copula approach	4
Seasonality patterns in LNG shipping spot and time charter freight rates	4
Understanding the variance of earnings growth: The case of shipping	4
Oil price volatility and corporate cash holding	4
Exploring volatility of crude oil intraday return curves: A functional GARCH-X model	4
The asymmetric impact of global economic policy uncertainty on international grain prices	3
Short- and long-term forecasting of electricity prices using embedding of calendar information in neural networks	3
Stress from attention: The relationship between climate change attention and crude oil markets	3
Safe-haven properties of soft commodities during times of Covid-19	3
The CO2 cost pass-through in nonlinear emission trading schemes	3
Fourteen large commodity trading disasters: What happened and what can we learn?	3
Does commodity price uncertainty matter for the cost of credit? Evidence from developing and advanced economies	3
Does public information facilitate price consensus? Characterizing USDA announcement effects using realized volatility	3
Bubbles in US gasoline prices: Assessing the role of hurricanes and anti–price gouging laws	3
Spillovers beyond the variance: Exploring the higher order risk linkages between commodity markets and global financial markets	3

Oil–gas price relationships on three continents: Disruptions and equilibria	3
The first commodity futures index of 1933	3
When does USDA information have the most impact on crop and livestock markets?	3
Accrual earnings management in response to an oil price shock	3
The sugar-ethanol-oil nexus in Brazil: Exploring the pass-through of international commodity prices to national fuel prices	3
Uncertainty-dependent and sign-dependent effects of oil market shocks	3
Linkage transitions between oil and the stock markets of countries with the highest COVID-19 cases	3
How are climate risk shocks connected to agricultural markets?	2
Expected returns on commodity ETFs and their underlying assets	2
Dynamic and asymmetric connectedness in the global “Carbon-Energy-Stock” system under shocks from exogenous events	2
Sunshine vs. predatory trading effects in commodity futures markets: New evidence from index rebalancing	2
Revisiting the Silver Crisis	2
The rise and breakup of the commodity exchange membership: An analysis of CBOT seat prices	2
Connectedness between green bonds, clean energy markets and carbon quota prices: Time and frequency dynamics	2
Digging deeper - Is bitcoin digital gold? A mining perspective	2
Cryptocurrency uncertainty and volatility forecasting of precious metal futures markets	2
Commodity market downturn: Systemic risk and spillovers during left tail events	2
Commodity market indicators of a 2023 Texas winter freeze	2
The evolution of commodity market financialization: Implications for portfolio diversification	2
Monopolistic supply management in world metals markets: How large was Mount Isa?	2
Predictability in commodity markets: Evidence from more than a century	2
Commodity futures hedge ratios: A meta-analysis	2
Not all gold shines in crisis times — Gold firms, gold bullion and the COVID-19 shock	2
On the estimation of Value-at-Risk and Expected Shortfall at extreme levels	2
The role of news sentiment in salmon price prediction using deep learning	2
The impact of speculation on commodity prices: A Meta-Granger analysis	2
Editorial Board	2
The impact of financialization on the efficiency of commodity futures markets	2
Parametric heat wave insurance	2
Editorial Board	2
Unit roots in real primary commodity prices? A meta-analysis of the Grilli and Yang data set	2
Implied parameter estimation for jump diffusion option pricing models: Pricing accuracy and the role of loss and evaluation functions	2