The Theory of Storage and Price Dynamics of Agricultural Commodity Futures: the Case of Corn and Wheat
Using a restricted version of the BEKK model it is tested an implication of the theory of storage that supply-and-demand fundamentals affect the price dynamics of agricultural commodities. The commodities under analysis are corn and wheat. An interest-storage-adjusted-spread was used as a proxy vari...
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| Format: | Article |
| Language: | English |
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Universidad Autónoma de Nuevo León, Facultad de Economía
2010-05-01
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| Series: | Ensayos Revista de Economía |
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| Online Access: | http://ensayos.uanl.mx/index.php/ensayos/article/view/85 |