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 2021-04-01 to 2025-04-01.)

Article	Citations
Corporate commodity exposure: A multi-country longitudinal study	56
The strategic allocation to style-integrated portfolios of commodity futures	42
Hedging with futures during nonconvergence in commodity markets	39
Profit margin hedging in the New Zealand dairy farming industry	34
Editorial Board	33
Editorial Board	29
Four Commitments of Traders Reports puzzles, revisited: Answers from grains and oilseeds futures markets	28
Trading time seasonality in electricity futures	27
Carr and Wu’s (2020) framework in the oil ETF option market	25
Do different speculation strategies cause distinct impacts on the volatility of the live cattle futures in Brazil?	23
Editorial Board	22
Are shocks in the stock markets driven by commodity markets? Evidence from Russia-Ukraine war	22
The economic impact of daily volatility persistence on energy markets	20
Microstructure and high-frequency price discovery in the soybean complex	20
Weathering market swings: Does climate risk matter for agricultural commodity price predictability?	18
Gold as a financial instrument	17
Commodity momentum: A tale of countries and sectors	17
Conditional feeder cattle hedge ratios: Cross hedging with fluctuating corn prices	17
Do the basis and other predictors of futures return also predict spot return with the same signs and magnitudes? Evidence from the LME	16
Anything but gold - The golden constant revisited	15
Can gold hedge against oil price movements: Evidence from GARCH-EVT wavelet modeling	15
The “necessary evil” in Chinese commodity markets	14
Financialization of commodity markets ten years later	14
Forecasting the dynamic relationship between crude oil and stock prices since the 19th century	14
An R-vine copula analysis of non-ferrous metal futures with application in Value-at-Risk forecasting	14

Explaining intraday crude oil returns with higher order risk-neutral moments	14
Editorial Board	13
How does carbon market interact with energy and sectoral stocks? Evidence from risk spillover and wavelet coherence	13
Economic drivers of volatility and correlation in precious metal markets	13
The role of higher moments in predicting China's oil futures volatility: Evidence from machine learning models	13
Idiosyncratic information spillover and connectedness network between the electricity and carbon markets in Europe	13
Oil price volatility and corporate cash holding	12
Seasonality patterns in LNG shipping spot and time charter freight rates	12
Understanding the variance of earnings growth: The case of shipping	12
Diversification benefits of commodities in portfolio allocation: A dynamic factor copula approach	11
Nash equilibria in greenhouse gas offset credit markets	10
Boring finance. Petroleum exploration and firm debt: Evidence from Norway	10
Coal price shock propagation through sectoral financial interconnectedness in China's stock market: Quantile coherency network modelling and shock decomposition analysis	9
Commodity prices under the threat of operational disruptions: Labor strikes at copper mines	9
Does public information facilitate price consensus? Characterizing USDA announcement effects using realized volatility	8
When does USDA information have the most impact on crop and livestock markets?	8
Stock return predictability using economic narrative: Evidence from energy sectors	8
Oil jump tail risk as a driver of inflation dynamics	8
Managing the oil market under misinformation: A reasonable quest?	8
Time-varying and multi-scale analysis of copper price influencing factors based on LASSO and EMD methods	7
Quantifying impacts of competition and demand on the risk for fertilizer plant locations	7
Editorial Board	7
Editorial Board	7
Rational destabilization in commodity markets	7
The commodities/equities beta term-structure	7
The Fortune and crash of common risk factors in Chinese commodity markets	7
Option pricing revisited: The role of price volatility and dynamics	7
Editorial Board	7
Editorial Board	7
USDA reports affect the stock market, too	7
Asymmetric multi-scale systemic risk spillovers across international commodity futures markets: The role of infectious disease uncertainty	6
Tail dependence, dynamic linkages, and extreme spillover between the stock and China's commodity markets	6
Carbon pricing and the commodity risk premium	6
Importance of geopolitical risk in volatility structure: New evidence from biofuels, crude oil, and grains commodity markets	5
Stress from attention: The relationship between climate change attention and crude oil markets	5
The impact of the change in USDA announcement release procedures on agricultural commodity futures	5
Quantile dependencies and connectedness between stock and precious metals 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
Dynamic connectedness between crude oil and equity markets: What about the effects of firm's solvency and profitability positions?	5
Does commodity price uncertainty matter for the cost of credit? Evidence from developing and advanced economies	5
Dynamic and asymmetric connectedness in the global “Carbon-Energy-Stock” system under shocks from exogenous events	4
Sunshine vs. predatory trading effects in commodity futures markets: New evidence from index rebalancing	4
The impact of speculation on commodity prices: A Meta-Granger analysis	4
The CO2 cost pass-through in nonlinear emission trading schemes	4
Spillovers beyond the variance: Exploring the higher order risk linkages between commodity markets and global financial markets	4
The evolution of commodity market financialization: Implications for portfolio diversification	4
Bubbles in US gasoline prices: Assessing the role of hurricanes and anti–price gouging laws	4
Accrual earnings management in response to an oil price shock	4
The first commodity futures index of 1933	4

Fourteen large commodity trading disasters: What happened and what can we learn?	3
Revisiting the Silver Crisis	3
Implied parameter estimation for jump diffusion option pricing models: Pricing accuracy and the role of loss and evaluation functions	3
The rise and breakup of the commodity exchange membership: An analysis of CBOT seat prices	3
Uncertainty-dependent and sign-dependent effects of oil market shocks	3
The sugar-ethanol-oil nexus in Brazil: Exploring the pass-through of international commodity prices to national fuel prices	3
Unit roots in real primary commodity prices? A meta-analysis of the Grilli and Yang data set	3
Editorial Board	3
Parametric heat wave insurance	3
Not all gold shines in crisis times — Gold firms, gold bullion and the COVID-19 shock	3
Oil–gas price relationships on three continents: Disruptions and equilibria	3
Commodity futures hedge ratios: A meta-analysis	3
Commodity market indicators of a 2023 Texas winter freeze	3
Linkage transitions between oil and the stock markets of countries with the highest COVID-19 cases	3
The impact of financialization on the efficiency of commodity futures markets	3
Editorial Board	3
Predictability in commodity markets: Evidence from more than a century	3
Safe-haven properties of soft commodities during times of Covid-19	3
The role of news sentiment in salmon price prediction using deep learning	2
Cryptocurrency uncertainty and volatility forecasting of precious metal futures markets	2
Expected returns on commodity ETFs and their underlying assets	2
Logistics competition between the U.S. and Brazil for soybean shipments to China: An optimized Monte Carlo simulation approach	2
How are climate risk shocks connected to agricultural markets?	2
Information effects of monetary policy announcements on oil price	2
Extrapolating the long-term seasonal component of electricity prices for forecasting in the day-ahead market	2
Forecasting crude oil returns with oil-related industry ESG indices	2
The asymmetric impact of global economic policy uncertainty on international grain prices	2
Revisiting the pricing impact of commodity market spillovers on equity markets	2
Intrinsic decompositions in gold forecasting	2
Editorial Board	2
On the estimation of Value-at-Risk and Expected Shortfall at extreme levels	2
Commodity market downturn: Systemic risk and spillovers during left tail events	2
Digging deeper - Is bitcoin digital gold? A mining perspective	2
Connectedness between green bonds, clean energy markets and carbon quota prices: Time and frequency dynamics	2
Equilibrium and real options in the ethanol industry: Modeling and empirical evidence	2
Editorial Board	2