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 2021-09-01 to 2025-09-01.)

Article	Citations
Carr and Wu’s (2020) framework in the oil ETF option market	58
Microstructure and high-frequency price discovery in the soybean complex	55
Commodity momentum: A tale of countries and sectors	45
The economic impact of daily volatility persistence on energy markets	38
Financial investors and cross-commodity markets integration	38
The strategic allocation to style-integrated portfolios of commodity futures	38
Weathering market swings: Does climate risk matter for agricultural commodity price predictability?	36
Editorial Board	30
Extremal dependence in Australian electricity markets	29
Commodity prices under the threat of operational disruptions: Labor strikes at copper mines	29
Managing the oil market under misinformation: A reasonable quest?	28
Coal price shock propagation through sectoral financial interconnectedness in China's stock market: Quantile coherency network modelling and shock decomposition analysis	25
Quantile dependencies and connectedness between stock and precious metals markets	24
Revisiting the Silver Crisis	22
The evolution of commodity market financialization: Implications for portfolio diversification	21
Equilibrium and real options in the ethanol industry: Modeling and empirical evidence	20
Logistics competition between the U.S. and Brazil for soybean shipments to China: An optimized Monte Carlo simulation approach	20
Editorial Board	20
Editorial Board	19
The role of financial development in enhancing trades in environmental goods: International insights from 119 countries	18
Gold risk premium estimation with machine learning methods	17
Assessing government expenditures multipliers under oil price swings	17
Do oil market shocks affect financial distress? Evidence from firm-level global data	17
Impact of supply chain pressure on traditional energy and metal markets: A Wavelet-based Quantile-on-Quantile perspective	16
The impact of economic policy uncertainties on the volatility of European carbon market	16

Have the causal effects between equities, oil prices, and monetary policy changed over time?	15
Psychological price barriers, El Niño, La Niña: New insights for the case of coffee	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
Are shocks in the stock markets driven by commodity markets? Evidence from Russia-Ukraine war	14
An R-vine copula analysis of non-ferrous metal futures with application in Value-at-Risk forecasting	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
Boring finance. Petroleum exploration and firm debt: Evidence from Norway	13
Forecasting the dynamic relationship between crude oil and stock prices since the 19th century	13
Financialization of commodity markets ten years later	13
Short- and long-term forecasting of electricity prices using embedding of calendar information in neural networks	12
The impact of the change in USDA announcement release procedures on agricultural commodity futures	12
Editorial Board	11
Editorial Board	11
Intrinsic decompositions in gold forecasting	10
Fourteen large commodity trading disasters: What happened and what can we learn?	10
Editorial Board	10
Geopolitical risk and energy market tail risk forecasting: An explainable machine learning approach	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
Oil–gas price relationships on three continents: Disruptions and equilibria	10
Revisiting the pricing impact of commodity market spillovers on equity markets	9
The pass-through of macro variable to volatility co-movement among U.S. currency and commodity futures markets system	9
The asymmetric effect of G7 stock market volatility on predicting oil price volatility: Evidence from quantile autoregression model	9
The midstream amplifier: Risk spillovers in China's lithium supply chain from mining to batteries	9
Time to get mature: Collateral, flexibility and the hedging horizon decision	8
Forecasting volatility in commodity markets with long-memory models	8
Causality in the aluminum market	8
Trading-hour and nontrading-hour volatility in crude oil and U.S. dollar markets and its implications for portfolio optimization	8
How far is too far for volatility transmission?	8
The effect of oil supply shocks on industry returns	8
Modelling the evolution of wind and solar power infeed forecasts	7
Systemwide directional connectedness from Crude Oil to sovereign credit risk	7
When Chinese mania meets global frenzy: Commodity price bubbles	7
Intraday volatility transmission in global energy markets: A Bayesian nonparametric approach	7
Commodity markets intervention: Consequences of speculation, and informed trading	7
A quantitative model of sustainability risk in finance	7
Time-to-maturity and commodity futures return volatility: The role of time-varying asymmetric information	6
Forecasting the price of oil: A cautionary note	6
Idiosyncratic information spillover and connectedness network between the electricity and carbon markets in Europe	6
A comparative study of factor models for different periods of the electricity spot price market	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
Predicting commodity returns: Time series vs. cross sectional prediction models	6
Four Commitments of Traders Reports puzzles, revisited: Answers from grains and oilseeds futures markets	6
Understanding the variance of earnings growth: The case of shipping	5
The role of higher moments in predicting China's oil futures volatility: Evidence from machine learning models	5
Does public information facilitate price consensus? Characterizing USDA announcement effects using realized volatility	5
Performance of systemic stress in agricultural commodities and its implication for volatility prediction in SSA equities	5
Editorial Board	5

Assessing the impact of tax systems on investment incentives in future marine minerals projects on the Norwegian Continental Shelf	5
USDA reports affect the stock market, too	5
Oil price volatility and corporate cash holding	5
Hedging with futures during nonconvergence in commodity markets	5
Rational destabilization in commodity markets	5
Commodity futures hedge ratios: A meta-analysis	4
The role of news sentiment in salmon price prediction using deep learning	4
The relative pricing of WTI and Brent crude oil futures: Expectations or risk premia?	4
Warehouse load-out queues and aluminum prices	4
Dynamic and asymmetric connectedness in the global “Carbon-Energy-Stock” system under shocks from exogenous events	4
Expected returns on commodity ETFs and their underlying assets	4
Bubbles in US gasoline prices: Assessing the role of hurricanes and anti–price gouging laws	4
How are climate risk shocks connected to agricultural markets?	4
Editorial Board	4
Unit roots in real primary commodity prices? A meta-analysis of the Grilli and Yang data set	4
How good are weather shocks for identifying energy elasticities? A LASSO-IV approach to European natural gas demand	4
Connectedness between green bonds, clean energy markets and carbon quota prices: Time and frequency dynamics	4
Mine offtake contracting, strategic alliances and the equity market	4
Editorial Board	4
Speculation or actual demand? The return spillover effect between stock and commodity markets	3
Option pricing revisited: The role of price volatility and dynamics	3
Profit margin hedging in the New Zealand dairy farming industry	3
Editorial Board	3
Carbon pricing and the commodity risk premium	3
Blessings or curse: How do media climate change concerns affect commodity tail risk spillovers?	3
The price of crude oil and (conditional) out-of-sample predictability of world industrial production	3
How financial markets respond to climate policy uncertainty: A dynamic resilience analysis	3
Corporate commodity exposure: A multi-country longitudinal study	3
Editorial Board	3
Does commodity price uncertainty matter for the cost of credit? Evidence from developing and advanced economies	3
An analysis of the fuel price policy dilemma in Brazil	3
Evolution of the information transmission between Chinese and international oil markets: A quantile-based framework	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
Oil jump tail risk as a driver of inflation dynamics	3
Editorial Board	3
Quantifying impacts of competition and demand on the risk for fertilizer plant locations	3
Theory of storage implications in the European natural gas market	3
Quantile spillovers and connectedness between oil shocks and stock markets of the largest oil producers and consumers	3