CAES Newswire

 College of Agricultural & Environmental Sciences UGA Cooperative Extension
Menu
Published on 05/30/19

Doctoral candidates published in American Journal of Agricultural Economics

By Emily Clance

Yu Chen and Jiahui Ying, both finishing their doctoral studies at the University of Georgia, have received news this semester: Their research paper, “Flexible Tests for USDA Report Announcement Effects in Futures Markets,” was accepted for publication in the American Journal of Agricultural Economics (AJAE).

The paper started as a term paper Ying and Chen wrote in Jeff Dorfman’s price analysis graduate course. They collaborated with Dorfman to develop it further, using their skills and knowledge of market efficiency, econometrics and programming to explore whether the impact of U.S. Department of Agriculture reports on commodity futures has declined over time or not.

The paper’s primary goal was “to test whether the USDA reports are still informative ... in today’s market, with the internet booming and the rapid growth of private market advisory firms,” Ying said.

Chen and Ying found that many, but not all, USDA reports have significant effects on corn and soybeans futures market returns or volatility. With two years of work put into the paper, they submitted it to AJAE and received two requests for revisions before it was finally accepted on March 9.

“The reviewers’ comments helped us explore different perspectives that helped to strengthen this paper,” Chen said. “As I look back at the first draft to its current form, I am thankful for this journey.”

“It was a long way to go, but I greatly enjoyed every discussion, updating, and revision with (Chen and Dorfman),” Ying said. “That’s so inspiring. This paper really enhances our confidence in further investigations in applied economic research.”

Both Chen and Ying recommend discussing research and cooperating closely with fellow students and professors.

“Dr. Dorfman has been awesomely helpful and supportive throughout the whole process of our paper,” Ying said. “I feel extremely lucky to work with him and Yu, and I did learn a lot from them during the two years.”

“From the first submission to AJAE to the current acceptance has brought about a range of emotions,” added Chen. “However, having now the final acceptance in hand, it has been all worth it. I feel excited and optimistic to know that our paper will soon be accessible at AJAE.”

Authors:
Emily Clance
Experts/Sources:
Jeffrey H. Dorfman
Yu Chen who is finishing her doctoral studies at the University of Georgia, recently worked with fellow student Jiahui Ying to publish a research paper, “Flexible Tests for USDA Report Announcement Effects in Futures Markets,” in the American Journal of Agricultural Economics. Jiahui Ying, who is finishing her doctoral studies at the University of Georgia, recently worked with fellow student Yu Chen to publish a research paper, “Flexible Tests for USDA Report Announcement Effects in Futures Markets,” in the American Journal of Agricultural Economics.
Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
Download Image
Exterior of the Administration Building front entrance on a blue sky spring day. CAES News
Newest round of Presidential Interdisciplinary Seed Grants awarded 03/05/24 Olivia Randall
Ten university-wide projects devoted to advancing interdisciplinary research across multiple application areas have been awarded Presidential Interdisciplinary Seed Grants as part of the 2023 cohort. The Presidential Interdisciplinary Seed Grant Program was launched in 2017 and offered again in 2019 and 2021 through a partnership between the offices of Research and Public Service and Outreach. These 10 awards were chosen from 70 proposals and reflect a commitment of $1 million from UGA President Jere W. Morehead.
Phyllicia Thomas CAES News
CAES alumnus overcomes catastrophic injuries to champion environmental justice 02/22/24 Maria M. Lameiras
When Phyllicia Thomas walked across the stage to accept her degree in environmental law in December 2023, it was the culmination of two journeys — one toward a dream set upon as a high school student and the other an unforeseen detour she navigated with determination and the steadfast support of her family. Thomas embarked on the second journey just over a year after graduating from the University of Georgia’s College of Agricultural and Environmental Sciences with a bachelor’s degree in environmental economics and management in May 2019.
UGA College of Agricultural and Environmental Sciences researchers Sharon Kane and Becky Griffin put together a map displaying the economic value of pollinators to spread awareness about the impact of pollinators and the necessity of continued conservation. (Photo by Chamberlain Smith/UGA) CAES News
Mapping the economic value of pollinators 02/07/24 Sameeka Prabath Rajamani
From beetles to butterflies, pollinators are a beautiful and integral part of nature. However, these tiny creatures may be more economically important to agricultural and ecological systems than previously thought. In a recent project by the Center for Agribusiness and Economic Development at the University of Georgia, economist Sharon Kane and plant protection expert Becky Griffin have put together a powerful map displaying the economic importance of pollinators across Georgia.  
The Arch seen through the columns of the Holmes Hunter Building. (Photo by Dorothy Kozkowski/UGA) CAES News
UGA economic impact hits new high of $8.1 billion 02/02/24 Mike Wooten
The University of Georgia’s economic impact on the state surged to a record $8.1 billion in 2023, according to a new study that measures the value of the university’s teaching, research and public service. Growth in the number of alumni at the undergraduate and graduate levels, a thriving research and innovation ecosystem and award-winning public service and outreach programs all contributed to the record level of impact by Georgia’s flagship institution of higher education.
UGA College of Agricultural and Environmental Sciences Dean Nick Place, UGA Extension Agent Black Carter, Georgia Farmer of the Year Bruce Redmond, and Assistant Dean for Extension Mark McCann gather after Redmond was awarded. (Photo by Maggie Wooten) CAES News
UGA Extension announces 2024 Georgia Farmer of the Year 01/26/24 Maria M. Lameiras
Building on the foundation set by his father in Effingham County, Shiloh Farms owner Bruce Redmond has expanded his operation through innovation and dedication, earning him the honor of 2024 Georgia Farmer of the Year, presented at the 2024 Georgia Ag Forecast in Tifton, Georgia, on Jan. 26. Nominated by Blake Carter, the University of Georgia Cooperative Extension Agriculture and Natural Resources agent for Effingham County, Redmond assumed full ownership and operation of Shiloh Farms in 2018.
Illustrated by Katie Walker and Megan McCoy CAES News
CAES associate dean of academic affairs retires after 47 years of student advocacy 01/25/24 Claire Sanders Kinnard
There are more than 20,000 living alumni of the University of Georgia College of Agricultural and Environmental Sciences. Among them are U.S. representatives, renowned environmental scientists, governors, leaders of national corporations, and a host of successful agricultural producers, among leaders in many other professions. Despite the differences in their college experiences and career trajectories, for many of these alumni, there is one unifying individual in their memories of CAES: Josef Broder.