The dependence of Cash Prices of Wheat and Pork
in Poland on Futures Prices in the United States Cover Image

Zależności cen gotówkowych pszenicy i żywca wieprzowego w Polsce od cen terminowych w Stanach Zjednoczonych
The dependence of Cash Prices of Wheat and Pork in Poland on Futures Prices in the United States

Author(s): Anna Szczepańska-Przekota
Subject(s): Economy, National Economy, Business Economy / Management, Agriculture, Marketing / Advertising, Transport / Logistics
Published by: Społeczna Akademia Nauk
Keywords: prices of agricultural products; correlation; causality; delay of reaction

Summary/Abstract: The prices of products on agricultural markets are shaped by various micro and macro economic factors. The presented research was focused on one aspect of this problem, i.e. on the impact of the prices of futures contracts for wheat and pork on the prices ofthese products in Poland. The research was carried out for the years 2000–2016. Cash price indices in Poland and futures prices in the United States were analyzed. The analysis used the correlation coefficient, the Granger causality test and regression modeling. The research has shown the strength linkage of the price relation on the Polish wheat market with the US market and the weak linkage of prices on the pigs market. The Polish market appears asa price recipient relative to the US market.

  • Issue Year: 19/2018
  • Issue No: 4.2
  • Page Range: 363-374
  • Page Count: 12
  • Language: Polish