OOIR: Observatory of International Research

Papers

(The median citation count of Journal of Commodity Markets is 2. 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 2021-05-01 to 2025-05-01.)

Article	Citations
The economic impact of daily volatility persistence on energy markets	56
Weathering market swings: Does climate risk matter for agricultural commodity price predictability?	44
Commodity momentum: A tale of countries and sectors	41
Carr and Wu’s (2020) framework in the oil ETF option market	34
The strategic allocation to style-integrated portfolios of commodity futures	34
Microstructure and high-frequency price discovery in the soybean complex	31
Editorial Board	30
Quantile dependencies and connectedness between stock and precious metals markets	28
Coal price shock propagation through sectoral financial interconnectedness in China's stock market: Quantile coherency network modelling and shock decomposition analysis	26
Commodity prices under the threat of operational disruptions: Labor strikes at copper mines	25
Managing the oil market under misinformation: A reasonable quest?	22
The evolution of commodity market financialization: Implications for portfolio diversification	22
Revisiting the Silver Crisis	22
Gold risk premium estimation with machine learning methods	21
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	18
Do oil market shocks affect financial distress? Evidence from firm-level global data	18
Editorial Board	17
Editorial Board	17
The impact of economic policy uncertainties on the volatility of European carbon market	17
Asymmetric volatility in commodity markets	16
The role of financial development in enhancing trades in environmental goods: International insights from 119 countries	16
Did grain futures prices overreact to the Russia–Ukraine war due to herding?	16
The sensitivity of oil price shocks to preexisting market conditions: A GVAR analysis	16
Psychological price barriers, El Niño, La Niña: New insights for the case of coffee	15

Have the causal effects between equities, oil prices, and monetary policy changed over time?	15
Financialization of commodity markets ten years later	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
Are shocks in the stock markets driven by commodity markets? Evidence from Russia-Ukraine war	14
Forecasting the dynamic relationship between crude oil and stock prices since the 19th century	14
An R-vine copula analysis of non-ferrous metal futures with application in Value-at-Risk forecasting	14
The impact of the change in USDA announcement release procedures on agricultural commodity futures	13
Boring finance. Petroleum exploration and firm debt: Evidence from Norway	13
Short- and long-term forecasting of electricity prices using embedding of calendar information in neural networks	13
Oil–gas price relationships on three continents: Disruptions and equilibria	12
Editorial Board	11
Fourteen large commodity trading disasters: What happened and what can we learn?	10
Editorial Board	10
Robust estimation of conditional risk measures using machine learning algorithm for commodity futures prices in the presence of outliers	9
Commodity market downturn: Systemic risk and spillovers during left tail events	9
Intrinsic decompositions in gold forecasting	9
The asymmetric effect of G7 stock market volatility on predicting oil price volatility: Evidence from quantile autoregression model	8
Revisiting the pricing impact of commodity market spillovers on equity markets	8
How far is too far for volatility transmission?	8
Time to get mature: Collateral, flexibility and the hedging horizon decision	8
Causality in the aluminum market	8
Does safe haven exist? Tail risks of commodity markets during COVID-19 pandemic	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	7
When Chinese mania meets global frenzy: Commodity price bubbles	7
World regional natural gas prices: Convergence, divergence or what? New evidence	7
A quantitative model of sustainability risk in finance	7
The effect of oil supply shocks on industry returns	7
Commodity markets intervention: Consequences of speculation, and informed trading	7
Time-to-maturity and commodity futures return volatility: The role of time-varying asymmetric information	7
Forecasting volatility in commodity markets with long-memory models	7
A comparative study of factor models for different periods of the electricity spot price market	7
Editorial Board	6
Editorial Board	6
USDA reports affect the stock market, too	6
Hedging with futures during nonconvergence in commodity markets	6
Idiosyncratic information spillover and connectedness network between the electricity and carbon markets in Europe	6
Does public information facilitate price consensus? Characterizing USDA announcement effects using realized volatility	6
Four Commitments of Traders Reports puzzles, revisited: Answers from grains and oilseeds futures markets	6
The role of higher moments in predicting China's oil futures volatility: Evidence from machine learning models	6
Understanding the variance of earnings growth: The case of shipping	6
Commodity futures hedge ratios: A meta-analysis	5
Oil price volatility and corporate cash holding	5
Connectedness between green bonds, clean energy markets and carbon quota prices: Time and frequency dynamics	5
Rational destabilization in commodity markets	5
The role of news sentiment in salmon price prediction using deep learning	4
Expected returns on commodity ETFs and their underlying assets	4
Dynamic and asymmetric connectedness in the global “Carbon-Energy-Stock” system under shocks from exogenous events	4
Unit roots in real primary commodity prices? A meta-analysis of the Grilli and Yang data set	4

How are climate risk shocks connected to agricultural markets?	4
Mine offtake contracting, strategic alliances and the equity market	4
Bubbles in US gasoline prices: Assessing the role of hurricanes and anti–price gouging laws	4
The relative pricing of WTI and Brent crude oil futures: Expectations or risk premia?	4
The impact of speculation on commodity prices: A Meta-Granger analysis	4
Option pricing revisited: The role of price volatility and dynamics	3
Editorial Board	3
The price of crude oil and (conditional) out-of-sample predictability of world industrial production	3
Profit margin hedging in the New Zealand dairy farming industry	3
How does carbon market interact with energy and sectoral stocks? Evidence from risk spillover and wavelet coherence	3
Carbon pricing and the commodity risk premium	3
Blessings or curse: How do media climate change concerns affect commodity tail risk spillovers?	3
Editorial Board	3
Theory of storage implications in the European natural gas market	3
Common factors and the dynamics of cereal prices. A forecasting perspective	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
Warehouse load-out queues and aluminum prices	3
Evolution of the information transmission between Chinese and international oil markets: A quantile-based framework	3
Quantile spillovers and connectedness between oil shocks and stock markets of the largest oil producers and consumers	3
Corporate commodity exposure: A multi-country longitudinal study	3
Editorial Board	2
Wheat price volatility regimes over 140 years: An analysis of daily price ranges	2
The dynamics of oil on China’s commodity sectors: What can we learn from a quantile perspective?	2
A Bayesian perspective on commodity style integration	2
Forecasting the U.S. season-average farm price of corn: Derivation of an alternative futures-based forecasting model	2
Does commodity price uncertainty matter for the cost of credit? Evidence from developing and advanced economies	2
The Fortune and crash of common risk factors in Chinese commodity markets	2
Quantifying impacts of competition and demand on the risk for fertilizer plant locations	2
Forecasting crude oil returns with oil-related industry ESG indices	2
On the estimation of Value-at-Risk and Expected Shortfall at extreme levels	2
Dynamic spillovers across precious metals and oil realized volatilities: Evidence from quantile extended joint connectedness measures	2
Information effects of monetary policy announcements on oil price	2
Sunshine vs. predatory trading effects in commodity futures markets: New evidence from index rebalancing	2
Implied parameter estimation for jump diffusion option pricing models: Pricing accuracy and the role of loss and evaluation functions	2
Editorial Board	2
Seasonality patterns in LNG shipping spot and time charter freight rates	2
Editorial Board	2
Interfuel substitution: A copula approach	2
Diversifying crude oil price risk with crude oil volatility index: The role of volatility-of-volatility	2
Diversification benefits of commodities in portfolio allocation: A dynamic factor copula approach	2
Editorial Board	2