OOIR: Observatory of International Research

Papers

(The median citation count of Journal of Commodity Markets is 3. The table below lists those papers that are above that threshold based on CrossRef citation counts [max. 250 papers]. The publications cover those that have been published in the past four years, i.e., from 2021-08-01 to 2025-08-01.)

Article	Citations
Weathering market swings: Does climate risk matter for agricultural commodity price predictability?	58
Carr and Wu’s (2020) framework in the oil ETF option market	52
Commodity momentum: A tale of countries and sectors	43
The strategic allocation to style-integrated portfolios of commodity futures	38
Financial investors and cross-commodity markets integration	37
The economic impact of daily volatility persistence on energy markets	36
Microstructure and high-frequency price discovery in the soybean complex	33
Commodity prices under the threat of operational disruptions: Labor strikes at copper mines	29
Editorial Board	29
Managing the oil market under misinformation: A reasonable quest?	27
Quantile dependencies and connectedness between stock and precious metals markets	26
Coal price shock propagation through sectoral financial interconnectedness in China's stock market: Quantile coherency network modelling and shock decomposition analysis	23
The evolution of commodity market financialization: Implications for portfolio diversification	22
Revisiting the Silver Crisis	22
Logistics competition between the U.S. and Brazil for soybean shipments to China: An optimized Monte Carlo simulation approach	20
Equilibrium and real options in the ethanol industry: Modeling and empirical evidence	19
Editorial Board	19
Do oil market shocks affect financial distress? Evidence from firm-level global data	18
Editorial Board	18
The impact of economic policy uncertainties on the volatility of European carbon market	17
The role of financial development in enhancing trades in environmental goods: International insights from 119 countries	17
Assessing government expenditures multipliers under oil price swings	17
Impact of supply chain pressure on traditional energy and metal markets: A Wavelet-based Quantile-on-Quantile perspective	16
Gold risk premium estimation with machine learning methods	16
Have the causal effects between equities, oil prices, and monetary policy changed over time?	15

Did grain futures prices overreact to the Russia–Ukraine war due to herding?	15
The sensitivity of oil price shocks to preexisting market conditions: A GVAR analysis	15
An R-vine copula analysis of non-ferrous metal futures with application in Value-at-Risk forecasting	14
Psychological price barriers, El Niño, La Niña: New insights for the case of coffee	14
Forecasting the dynamic relationship between crude oil and stock prices since the 19th century	14
Unveiling interconnectedness: Exploring higher-order moments among energy, precious metals, industrial metals, and agricultural commodities in the context of geopolitical risks and systemic stress	14
Financialization of commodity markets ten years later	13
Are shocks in the stock markets driven by commodity markets? Evidence from Russia-Ukraine war	13
Short- and long-term forecasting of electricity prices using embedding of calendar information in neural networks	12
Boring finance. Petroleum exploration and firm debt: Evidence from Norway	12
Editorial Board	11
The impact of the change in USDA announcement release procedures on agricultural commodity futures	11
Oil–gas price relationships on three continents: Disruptions and equilibria	10
Intrinsic decompositions in gold forecasting	10
Editorial Board	10
Fourteen large commodity trading disasters: What happened and what can we learn?	10
Revisiting the pricing impact of commodity market spillovers on equity markets	10
Commodity market downturn: Systemic risk and spillovers during left tail events	10
Robust estimation of conditional risk measures using machine learning algorithm for commodity futures prices in the presence of outliers	10
Time to get mature: Collateral, flexibility and the hedging horizon decision	9
The midstream amplifier: Risk spillovers in China's lithium supply chain from mining to batteries	9
The asymmetric effect of G7 stock market volatility on predicting oil price volatility: Evidence from quantile autoregression model	9
Trading-hour and nontrading-hour volatility in crude oil and U.S. dollar markets and its implications for portfolio optimization	9
The pass-through of macro variable to volatility co-movement among U.S. currency and commodity futures markets system	9
How far is too far for volatility transmission?	8
Intraday volatility transmission in global energy markets: A Bayesian nonparametric approach	8
Forecasting volatility in commodity markets with long-memory models	8
Causality in the aluminum market	8
The effect of oil supply shocks on industry returns	8
Time-to-maturity and commodity futures return volatility: The role of time-varying asymmetric information	7
When Chinese mania meets global frenzy: Commodity price bubbles	7
Commodity markets intervention: Consequences of speculation, and informed trading	7
A quantitative model of sustainability risk in finance	7
Modelling the evolution of wind and solar power infeed forecasts	7
Systemwide directional connectedness from Crude Oil to sovereign credit risk	7
Forecasting the price of oil: A cautionary note	6
Idiosyncratic information spillover and connectedness network between the electricity and carbon markets in Europe	6
World regional natural gas prices: Convergence, divergence or what? New evidence	6
Does safe haven exist? Tail risks of commodity markets during COVID-19 pandemic	6
Hedging with futures during nonconvergence in commodity markets	6
Predicting commodity returns: Time series vs. cross sectional prediction models	6
A comparative study of factor models for different periods of the electricity spot price market	6
Four Commitments of Traders Reports puzzles, revisited: Answers from grains and oilseeds futures markets	6
Oil price volatility and corporate cash holding	5
USDA reports affect the stock market, too	5
Rational destabilization in commodity markets	5
Does public information facilitate price consensus? Characterizing USDA announcement effects using realized volatility	5
The role of higher moments in predicting China's oil futures volatility: Evidence from machine learning models	5
Understanding the variance of earnings growth: The case of shipping	5
Expected returns on commodity ETFs and their underlying assets	5

Editorial Board	5
Unit roots in real primary commodity prices? A meta-analysis of the Grilli and Yang data set	5
Bubbles in US gasoline prices: Assessing the role of hurricanes and anti–price gouging laws	4
Dynamic and asymmetric connectedness in the global “Carbon-Energy-Stock” system under shocks from exogenous events	4
Warehouse load-out queues and aluminum prices	4
Theory of storage implications in the European natural gas market	4
How are climate risk shocks connected to agricultural markets?	4
The role of news sentiment in salmon price prediction using deep learning	4
Mine offtake contracting, strategic alliances and the equity market	4
Editorial Board	4
Blessings or curse: How do media climate change concerns affect commodity tail risk spillovers?	4
Commodity futures hedge ratios: A meta-analysis	4
Connectedness between green bonds, clean energy markets and carbon quota prices: Time and frequency dynamics	4
Editorial Board	4
The price of crude oil and (conditional) out-of-sample predictability of world industrial production	4
The relative pricing of WTI and Brent crude oil futures: Expectations or risk premia?	4
Editorial Board	3
Quantifying impacts of competition and demand on the risk for fertilizer plant locations	3
Carbon pricing and the commodity risk premium	3
Oil jump tail risk as a driver of inflation dynamics	3
Speculation or actual demand? The return spillover effect between stock and commodity markets	3
Corporate commodity exposure: A multi-country longitudinal study	3
Editorial Board	3
Seasonality patterns in LNG shipping spot and time charter freight rates	3
The Fortune and crash of common risk factors in Chinese commodity markets	3
Sunshine vs. predatory trading effects in commodity futures markets: New evidence from index rebalancing	3
Quantile spillovers and connectedness between oil shocks and stock markets of the largest oil producers and consumers	3
Common factors and the dynamics of cereal prices. A forecasting perspective	3
How does carbon market interact with energy and sectoral stocks? Evidence from risk spillover and wavelet coherence	3
Editorial Board	3
Does commodity price uncertainty matter for the cost of credit? Evidence from developing and advanced economies	3
Diversification benefits of commodities in portfolio allocation: A dynamic factor copula approach	3
Evolution of the information transmission between Chinese and international oil markets: A quantile-based framework	3
Profit margin hedging in the New Zealand dairy farming industry	3
Option pricing revisited: The role of price volatility and dynamics	3