A controversial debate between financial speculation and changes in agricultural commodity spot prices

Detalhes bibliográficos
Autor(a) principal: Serrão, Amílcar
Data de Publicação: 2016
Tipo de documento: Artigo de conferência
Idioma: por
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10174/19844
Resumo: Some research works state that speculation with agricultural commodities on the futures market has risen agricultural commodity spot prices. This research work analyzes the causal relationships between spot prices of corn, wheat, and soybean and agricultural commodity futures trading activities. These causal relationships between agricultural commodity spot prices and financial variables are tested for Granger-causality. Model results show that causal relationships have been found among changes in “volume traded” and “open positions” of futures contracts and changes in spot prices for corn. These results do not show that financial speculation might be a major driver of rising agricultural commodity prices.
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spelling A controversial debate between financial speculation and changes in agricultural commodity spot pricesFinancializationAgricultural Commodity Spot PricesSome research works state that speculation with agricultural commodities on the futures market has risen agricultural commodity spot prices. This research work analyzes the causal relationships between spot prices of corn, wheat, and soybean and agricultural commodity futures trading activities. These causal relationships between agricultural commodity spot prices and financial variables are tested for Granger-causality. Model results show that causal relationships have been found among changes in “volume traded” and “open positions” of futures contracts and changes in spot prices for corn. These results do not show that financial speculation might be a major driver of rising agricultural commodity prices.AgEcon Search - Agricultural and Applied Economics Association 2016 Annual Meeting2017-01-19T12:38:46Z2017-01-192016-05-25T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/conferenceObjecthttp://hdl.handle.net/10174/19844http://hdl.handle.net/10174/19844porhttp://purl.umn.edu/235638simnaonaond637Serrão, Amílcarinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-01-03T19:09:22Zoai:dspace.uevora.pt:10174/19844Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T01:11:28.355916Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv A controversial debate between financial speculation and changes in agricultural commodity spot prices
title A controversial debate between financial speculation and changes in agricultural commodity spot prices
spellingShingle A controversial debate between financial speculation and changes in agricultural commodity spot prices
Serrão, Amílcar
Financialization
Agricultural Commodity Spot Prices
title_short A controversial debate between financial speculation and changes in agricultural commodity spot prices
title_full A controversial debate between financial speculation and changes in agricultural commodity spot prices
title_fullStr A controversial debate between financial speculation and changes in agricultural commodity spot prices
title_full_unstemmed A controversial debate between financial speculation and changes in agricultural commodity spot prices
title_sort A controversial debate between financial speculation and changes in agricultural commodity spot prices
author Serrão, Amílcar
author_facet Serrão, Amílcar
author_role author
dc.contributor.author.fl_str_mv Serrão, Amílcar
dc.subject.por.fl_str_mv Financialization
Agricultural Commodity Spot Prices
topic Financialization
Agricultural Commodity Spot Prices
description Some research works state that speculation with agricultural commodities on the futures market has risen agricultural commodity spot prices. This research work analyzes the causal relationships between spot prices of corn, wheat, and soybean and agricultural commodity futures trading activities. These causal relationships between agricultural commodity spot prices and financial variables are tested for Granger-causality. Model results show that causal relationships have been found among changes in “volume traded” and “open positions” of futures contracts and changes in spot prices for corn. These results do not show that financial speculation might be a major driver of rising agricultural commodity prices.
publishDate 2016
dc.date.none.fl_str_mv 2016-05-25T00:00:00Z
2017-01-19T12:38:46Z
2017-01-19
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/conferenceObject
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status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10174/19844
http://hdl.handle.net/10174/19844
url http://hdl.handle.net/10174/19844
dc.language.iso.fl_str_mv por
language por
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dc.publisher.none.fl_str_mv AgEcon Search - Agricultural and Applied Economics Association 2016 Annual Meeting
publisher.none.fl_str_mv AgEcon Search - Agricultural and Applied Economics Association 2016 Annual Meeting
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
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