Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/58228
Authors: 
Chua, Hans Walter
Tomek, William G.
Year of Publication: 
2010
Series/Report no.: 
Staff Paper, Cornell University, Department of Applied Economics and Management 2010-01
Abstract: 
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.
Subjects: 
expected supply
futures prices
commodity prices
Document Type: 
Working Paper

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