The Rationality and Price Effects of Usda Forecasts of Oranges
Orazem, Peter; Baur, Robert F.
Journal of Finance (June 1994): 681-695.
Examines the effect of public information on the orange juice market. Investigation of the rationality, information content and price effects of U.S. Department of Agriculture forecasts of the production of oranges; Contents of the first forecast; Occurrence of significant price movements.