This research aims at explaining stock performance of processing companies in function of commodity performance in commodity markets. The results show that stock prices of food companies do not significantly depend on agricultural market prices. So, risks of agricultural market price volatility cannot be hedged using food firm stocks, whose markets are more liquid.
DECLERCK, F. (2014). Do Agricultural Commodity Firm Stock Price and Agricultural Commodity Price Move Together? In: Proceedings of the 8th International Forum on System Dynamics and Innovation in Food Networks. University of Bonn.