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 2021-03-01 to 2025-03-01.)

Article	Citations
Editorial Board	54
Corporate commodity exposure: A multi-country longitudinal study	34
The strategic allocation to style-integrated portfolios of commodity futures	31
Explaining intraday crude oil returns with higher order risk-neutral moments	30
Hedging with futures during nonconvergence in commodity markets	28
Raising cane: Hedging calamity in Australian sugar	27
Profit margin hedging in the New Zealand dairy farming industry	22
Editorial Board	22
Editorial Board	21
Transportation costs: Mississippi River barge rates	20
Editorial Board	19
Four Commitments of Traders Reports puzzles, revisited: Answers from grains and oilseeds futures markets	19
Trading time seasonality in electricity futures	18
Carr and Wu’s (2020) framework in the oil ETF option market	17
Are shocks in the stock markets driven by commodity markets? Evidence from Russia-Ukraine war	15
Microstructure and high-frequency price discovery in the soybean complex	15
Idiosyncratic information spillover and connectedness network between the electricity and carbon markets in Europe	14
The economic impact of daily volatility persistence on energy markets	14
Weathering market swings: Does climate risk matter for agricultural commodity price predictability?	14
The role of higher moments in predicting China's oil futures volatility: Evidence from machine learning models	14
Gold as a financial instrument	14
How does carbon market interact with energy and sectoral stocks? Evidence from risk spillover and wavelet coherence	14
Conditional feeder cattle hedge ratios: Cross hedging with fluctuating corn prices	13
Economic drivers of volatility and correlation in precious metal markets	13
Can gold hedge against oil price movements: Evidence from GARCH-EVT wavelet modeling	12

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

Unit roots in real primary commodity prices? A meta-analysis of the Grilli and Yang data set	3
Safe-haven properties of soft commodities during times of Covid-19	3
Sunshine vs. predatory trading effects in commodity futures markets: New evidence from index rebalancing	3
Forecasting crude oil returns with oil-related industry ESG indices	3
Extrapolating the long-term seasonal component of electricity prices for forecasting in the day-ahead market	3
Linkage transitions between oil and the stock markets of countries with the highest COVID-19 cases	3
Fourteen large commodity trading disasters: What happened and what can we learn?	3
Dynamic and asymmetric connectedness in the global “Carbon-Energy-Stock” system under shocks from exogenous events	3
The evolution of commodity market financialization: Implications for portfolio diversification	3
The asymmetric impact of global economic policy uncertainty on international grain prices	3
The first commodity futures index of 1933	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
Cryptocurrency uncertainty and volatility forecasting of precious metal futures markets	3
Not all gold shines in crisis times — Gold firms, gold bullion and the COVID-19 shock	2
Revisiting the Silver Crisis	2
Commodity market indicators of a 2023 Texas winter freeze	2
On the estimation of Value-at-Risk and Expected Shortfall at extreme levels	2
The rise and breakup of the commodity exchange membership: An analysis of CBOT seat prices	2
Implied parameter estimation for jump diffusion option pricing models: Pricing accuracy and the role of loss and evaluation functions	2
Commodity market downturn: Systemic risk and spillovers during left tail events	2
Digging deeper - Is bitcoin digital gold? A mining perspective	2
The role of news sentiment in salmon price prediction using deep learning	2
Commodity futures hedge ratios: A meta-analysis	2
Editorial Board	2
Oil–gas price relationships on three continents: Disruptions and equilibria	2
The impact of financialization on the efficiency of commodity futures markets	2
Connectedness between green bonds, clean energy markets and carbon quota prices: Time and frequency dynamics	2
Expected returns on commodity ETFs and their underlying assets	2
Predictability in commodity markets: Evidence from more than a century	2
Editorial Board	2
Uncertainty-dependent and sign-dependent effects of oil market shocks	2
Parametric heat wave insurance	2
Monopolistic supply management in world metals markets: How large was Mount Isa?	2
How are climate risk shocks connected to agricultural markets?	2
Speculation and the informational efficiency of commodity futures markets	2