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Crop Condition X Weather Composite

Updated weeklyData needs: mediumlong only
paper
2013
Source
Roberts, M.J. & Schlenker, W. (2013). "Identifying supply and demand elasticities of agricultural commodities." American Economic Review 103(6), 2265-2295. + Cashin, Mohaddes & Raissi (2017) JIE.
Read the paper →

In plain terms

When crop conditions deteriorate AND the climate signal is unusually strong, we buy ag-input/processor names - the joint signal is sharper than either alone.

How it works

Negative crop-condition shocks combined with strong climate-temperature anomalies (proxied by NOAA ONI/ENSO) compound into a stronger supply-shock signal than either alone. The product term captures the Roberts-Schlenker joint causal channel.

No live results for this strategy yet. Charts appear once it has earned a top spot on at least one stock, either on its own or as part of a blend of several strategies.
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Data dependencies

  • Daily prices

    Adjusted-close OHLCV for every US-listed ticker; primary price feed.

  • USDA crop progress

    USDA NASS weekly crop progress and condition reports.

  • Noaa oni

    A data feed this strategy reads, refreshed on its normal schedule.

Expected edge

Reported return
100-250 bps over 20-60d (modeled)
Tested over
T+1 to T+60d

Roberts-Schlenker joint-pathway target 100-250 bps over 20-60d.

Example tickers where this is likely to fire

Illustrative only, the signal fires based on the live data, not a fixed list.

Related families

Explore Crop Condition X Weather Composite on alphactor.ai

See which tickers this family is currently firing on, with live signals and rankings.

For informational and educational purposes only. Not financial advice. Learn more