Impact of attention driven investments on agricultural commodity prices

This paper investigates the causality between attention driven investments, traded volumes and the final price of agricultural commodities. Agricultural commodity price levels are created by the traditional merchants at the agricultural sector and by the speculative investors. We are focusing on the speculative investments driven by news related to the future commodity price movements. In comparison to the history, nowadays the relevant information are in majority spread by World Wide Web. It depends just on the traders which media they find reliable for their investments. In our case we are measuring the interest of the traders for investments to the agricultural commodities based on the number of keywords searched by Google’s search engine.