Development of Alternative Wheat and Corn Price Forecasting Models

Daniel O'Brien and Robert Wisner

No 285693, 1981-1999 Conference Archive from NCR-134/ NCCC-134 Applied Commodity Price Analysis, Forecasting, and Market Risk Management

Abstract: Models of U.S. corn and wheat prices are estimated for the purpose of making forecasts of futures and average cash prices. The supply-demand based price models developed are based on economic theory with attention given to the econometric properties of both the models and the data series involved in their estimation. Forecast results for these models during 1994-1996 are comparable to that of associated corn and wheat futures contracts. These price forecast models may provide valuable information to forecasters regarding future price direction and the responsiveness of corn and wheat prices to potential changes in supply-demand factors.

Keywords: Marketing (search for similar items in EconPapers)
Date: 1997-04
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Persistent link: https://EconPapers.repec.org/RePEc:ags:nc8191:285693

DOI: 10.22004/ag.econ.285693

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