Research Seminars @ Illinois

View Full Calendar

Tailored for undergraduate researchers, this calendar is a curated list of research seminars at the University of Illinois. Explore the diverse world of research and expand your knowledge through engaging sessions designed to inspire and enlighten.

To have your events added or removed from this calendar, please contact OUR at ugresearch@illinois.edu

Speaker Raghav Goyal - Extreme Climate Events and Agricultural Commodity Markets

Event Type
Seminar/Symposium
Sponsor
CREATE (Climate, Regional, Environmental & Trade Economics)
Virtual
wifi event
Date
Oct 24, 2024   5:00 - 6:00 pm  
Speaker
Raghav Goyal, Professor, Louisiana State University
Views
6
Originating Calendar
ACE Seminars

Abstract 
This study examines the impact of extreme climate events on U.S. agricultural commodity markets, specifically corn and soybeans, from 1995 to 2023. Utilizing event study methodology and futures market data, we analyze the effects of storms, floods, and extreme temperatures on returns. Our findings reveal that 22.05% of extreme climate events significantly impact corn returns, and 21.20% affect soybean returns. Extreme temperatures have the most substantial impact on corn, while storms most notably affect soybeans. These results highlight the critical need for adaptive policy frameworks to mitigate the economic impacts of diverse climate events on agricultural markets.

link for robots only