The Impact of Monetary Policy, Transport Costs and Substitute Prices on the Australian Wheat Futures Market Price
- DOI
- 10.2991/978-94-6463-142-5_75How to use a DOI?
- Keywords
- Monetary Policy; Transport Costs; Substitute Prices; Futures Market Price
- Abstract
This paper is going to analysis the impact of three different factors on the price of the Australian wheat futures market which might make contribute on the price model construction. According to the research in the past years, this paper gives three different factors which might be significant influence the price which is the interest rate, transport cost and substitutes’ price. This paper use Hp filter to detrending the data and calculate the correlation. By analyzing the result, get the conclusion weather these three factors related to the price of the Australian wheat futures market. The conclusion is that interest rates are only weakly correlated, while the transaction cost and the substitutes’ price have strong correlated to price of the Australian wheat futures market. This article helps to model the price of the Australian wheat futures market and other important related influencing factors can be further explored in the future.
- Copyright
- © 2023 The Author(s)
- Open Access
- Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.
Cite this article
TY - CONF AU - Xincheng Wu PY - 2023 DA - 2023/05/15 TI - The Impact of Monetary Policy, Transport Costs and Substitute Prices on the Australian Wheat Futures Market Price BT - Proceedings of the 8th International Conference on Financial Innovation and Economic Development (ICFIED 2023) PB - Atlantis Press SP - 683 EP - 688 SN - 2352-5428 UR - https://doi.org/10.2991/978-94-6463-142-5_75 DO - 10.2991/978-94-6463-142-5_75 ID - Wu2023 ER -