Market expectations and corn prices: looking into future to explain present
Abstract: Market expectations of future supply and demand are important in determining current prices for agricultural products such as corn, which are harvested annually and stored for later use. Prices can quickly move when beliefs change?due to new data, for example?even if events far in the future are involved.
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Provider: Federal Reserve Bank of Dallas
Part of Series: Economic Letter
Publication Date: 2012
Order Number: 7