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Market expectations and corn prices: looking into future to explain present

Author

Listed:
  • Michael D. Plante
  • Jackson Thies

Abstract

Market expectations of future supply and demand are important in determining current prices for agricultural products such as corn, which are harvested annually and stored for later use. Prices can quickly move when beliefs change?due to new data, for example?even if events far in the future are involved.

Suggested Citation

  • Michael D. Plante & Jackson Thies, 2012. "Market expectations and corn prices: looking into future to explain present," Economic Letter, Federal Reserve Bank of Dallas, vol. 7(7), August.
    • Handle: RePEc:fip:feddel:y:2012:i:aug:n:v.7no.7
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