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Lead‐lag relationships of soybean complex cash prices
Author(s) -
Beutler Martin K.,
Brorsen B. Wade
Publication year - 1985
Publication title -
agribusiness
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.57
H-Index - 43
eISSN - 1520-6297
pISSN - 0742-4477
DOI - 10.1002/1520-6297(198523)1:3<237::aid-agr2720010304>3.0.co;2-9
Subject(s) - cash , economics , soybean oil , lag , soybean meal , monetary economics , lead (geology) , product (mathematics) , macroeconomics , food science , chemistry , mathematics , biology , ecology , raw material , computer network , paleontology , geometry , computer science
This article explores lead‐lag relationships among daily cash prices of soybeans, soybean oil, and soybean meal. The article seeks to determine the impact of a change in one of these prices on the others. Results show changes in the cash price of soybeans have a greater effect on product prices than changes in product prices have on soybeans. Consequently, changes in soybean supply are the major cause of price fluctuations within the soybean complex.