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We propose a generalized procedure that combines conventional price transmission analysis with copula-based dynamic tail dependence, to examine price relationships under extreme conditions. This approach is used to examine Ukrainian wheat markets where export restrictions combined with price surges, 2006-2008 and 2010-2012, have contributed to a turbulent market. The results indicate that domestic prices were effectively insulated from world price shocks, but that a 'rocket and feathers' price relation held between domestic flour and wheat prices. These asymmetric price co-movements changed with the degree of restrictiveness of the export prohibitions. [ABSTRACT FROM AUTHOR]

This paper reports the discovery of the earliest evidence of domesticated wheat in the Crimean peninsula from the Ardych-Burun shell midden site, Ukraine. The Ardych-Burun site dates to middle of the 4th millennium CAL B.C. For the first time, the chronology of a Ukrainian Chalcolithic period site has been established through direct radiocarbon dating of cereal grains retrieved from it. This discovery allows for a wider discussion of the chronology and geographical origins of domesticated plant species in Ukraine and the role the Caucasian corridor may have played in the spread of agriculture into eastern Europe. The presence of cereal crops in the southern Crimea enriches our understanding of the subsistence strategies of the coastal population, which was previously linked only with pastoralism, hunting, and the exploitation of marine resources. [ABSTRACT FROM AUTHOR]