Commodity Price Forecasting with Large-Scale Econometric Models and the Futures Market

Richard Just and Gordon Rausser

American Journal of Agricultural Economics, 1981, vol. 63, issue 2, 197-208

Abstract: This paper compares the accuracy of major commercial price forecasts for corn, wheat, soybeans, soybean oil, soybean meal, cotton, live cattle, and hogs. The price-forecasting information in futures prices is evaluated by comparison. The results among commercial forecasters are mixed, but futures prices perform relatively better on average although not universally so. These results have important implications for operational risk management.

Date: 1981
References: Add references at CitEc
Citations: View citations in EconPapers (82)

Downloads: (external link)
http://hdl.handle.net/10.2307/1239555 (application/pdf)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:63:y:1981:i:2:p:197-208.

Access Statistics for this article

American Journal of Agricultural Economics is currently edited by Madhu Khanna, Brian E. Roe, James Vercammen and JunJie Wu

More articles in American Journal of Agricultural Economics from Agricultural and Applied Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by Oxford University Press ().