---
title: Exogenous Risk, Hedging Pressure, and Risk Premia in Agricultural Commodity Markets
url: https://www.ml-quant.com/papers/repec/ags-aaea26-404411/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: RePEc:ags:aaea26:404411
source_url: https://econpapers.repec.org/RePEc:ags:aaea26:404411
featured: 2026-09-25
citations: unknown
topic: Asset Pricing & Factors
---


# Exogenous Risk, Hedging Pressure, and Risk Premia in Agricultural Commodity Markets

Traders place 15% weight on USDA crop reports relative to private priors when forming price expectations, with this anchoring weight rising when private analyst disagreement increases.

- Source: https://econpapers.repec.org/RePEc:ags:aaea26:404411
- Identifier: RePEc:ags:aaea26:404411
- Released: 2026-09-23
- First featured: Quant Letter No. 132 (2026-09-25): https://www.ml-quant.com/issues/2026-09-25/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Asset Pricing & Factors
- Authors: Nam, Hosung, Jo, Jungkeon, Lee, Wonseok

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