On the Relationship of Expected Supply and Demand to Futures Prices

Expectations about future economic conditions are important determinants of commodity prices. This paper presents a relatively simple model that makes futures prices for corn a function of expected production and inventories and of variables that account for demand shifts. The intent is to provide an historical, objective context for new price and quantity observations, which may help market analysts.

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Year of publication:	2012-02-24
Authors:	Chua, Hans Walter ; Tomek, William G.
Institutions:	Charles H. Dyson School of Applied Economics and Management, Cornell University
Subject:	expected supply \| futures prices \| commodity prices \| Demand and Price Analysis \| Risk and Uncertainty

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Extent:	application/pdf
Series:	Staff Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Department of Applied Economics and Management>Staff Papers Number 121055
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009653755