An Analysis of the Relationship between Electronic Warehouse Receipts (EWR) Indices and the US Dollar Index and the Dollar Lira Exchange Rate Using Symmetric and Asymmetric Causality Tests

Contractions in production volume and supply chain disruption experienced by all economies recent years caused the Covid-19 epidemic or geopolitical tensions together with factors such as food safety climate change have been effect instability agricultural product prices. For these reasons, compulsory transformations sectors disruptions markets are also observed sector. This study investigates causality between Electronic Warehouse Receipt (EWR) index for Cereal, Wheat, Barley, Corn products calculated Turkish Mercantile Exchange (TMEX) US Dollar Index (DXY) Lira (USD/TRY) exchange rate using daily datasets period 01.04.2021-09.05.2022 Toda-Yamamoto test Hatemi-J asymmetric existence of information. The results provide evidence bi-directional Grain a uni-directional from to wheat index, barley corn index. Moreover; it has concluded that Wheat reacts positive shock if there is negative (USD/TRY).