Table 1 Descriptive Statistics

From: On agricultural commodities’ extreme price risk

Commodity Mean St.dev. Min. Min. Date Max. Max. Date Obs.
Panel (a): Monthly returns in the spot market (percentages), 1928-2014
Corn 0.36 8.1 –45.7 1937-10 48.1 1936-07 944
Cotton 0.33 5.8 –29.2 2010-12 44.5 1986-09 929
Oats 0.49 8.9 –41.5 1935-08 68.4 1988-06 940
Soybeans 0.42 8.6 –36.6 1931-10 58.1 1974-07 922
Wheat 0.59 8.2 –35.1 2014-09 39.7 1973-07 912
Live cattle 0.30 5.1 –16.6 1931-12 33.6 1935-01 953
Oranges 2.37 25.1 –85.7 2000-08 393.1 2000-10 941
Sugar 0.67 11.1 –39.3 1979-08 75.4 1983-05 914
Panel (b): Weekly returns in the futures market (percentages), 1979-2012
Corn –0.02 3.4 –16.4 2008-10-03 20.8 2008-12-12 1,773
Cotton 0.01 3.2 –13.9 2008-10-10 18.4 2010-12-03 1,773
Oats –0.04 4.1 –16.5 1988-07-22 31.4 1988-06-10 1,773
Soybeans 0.04 3.2 –14.8 2008-10-03 15.4 1999-07-23 1,773
Wheat –0.06 3.5 –15.3 2008-12-05 16.5 2012-05-18 1,773
Live cattle 0.05 2.1 –14.4 2004-01-02 8.8 1982-01-08 1,773
Orange juice 0.00 4.1 –16.6 2012-05-18 37.7 1981-01-16 1,773
Sugar 0.09 4.9 –18.5 1988-07-29 38.8 1985-07-26 1,773
  1. Note: The numbers in the table are expressed in percentage price changes. The first two columns report the mean and the standard deviation of the monthly and weekly returns series. The other columns report the minima and maxima of the returns and the dates of these observations