The paper also analyzes the co-integration test wheat futures prices and the relationship between the spot price.
However, the oil futures prices involve the typical characteristics of time series data, nonlinearity and nonstationarity, which brings insuperable difficulties in the price forecasts.
Unbiased estimation,price discovery and market efficiency:Relationship between futures prices and spot prices;
If high futures prices induce increased storage, this reduces the quantity available to consumers, and it can raise the price.
Usually, futures prices have tended to be below spot prices.
A term referring to cash and futures prices tending to come together( i. e., the basis approaches zero) as the futures contract nears expiration.
Part of the reason is that futures prices have moved above spot, or current, prices.
The whole analysis is using the statistical software EVIEWS3.0 collection of the Week Dalian Commodity Exchange 1998-2003 data for soybean futures prices.
It is also found that Shanghai copper futures exist one aperiodic length of circulation, and the length is 510 days. This further proves that the volatility of futures prices is non-randomness.
On August 2nd and 4th futures prices for September contracts on the Chicago Board of Trade rose by more than 5%, the biggest daily increases since the end of the 2007-08 food-price spike.
The first wave of purchases was to arbitrage the difference between spot and futures prices.
True, the increase in futures prices for delivery in three months has been particularly steep.
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