Study On Futures-Price Of Soybeans

This major study of this article is the factors affecting soybean futures prices, from the fundamental analysis and technical analysis to face, the basic analysis methods used stereotypes of a number of factors, affecting the price of soybean futures explored and analyzed. Through the collection since the 1973 opening of the Chicago Futures Exchange soybean futures varieties, since historical data, k trend line, and a lot of literature, to analyze in soybean futures prices, but also contains seasonal, cyclical, such as weather speculation characteristics, and trends in the short-term. Technical Aspect analysis, primarily through trend indicators theoretical analysis, Miqilin corridors, and maintaining access to the home country, In the futures price changes in the cyclical analysis, the main principles used wave theory analysis, and active in their market analysis on a variety of momentum indicators and turnover targets.These are soybean futures prices for the establishment of systems analysis, although the influence of various factors should not be overlooked, however, soybean cash price is the biggest influencing factor. To play a more effective role, soybean futures prices were effectively helping the fats industry realized hedging, and guide the vast number of farmers to plant, the third part of this analysis focuses on the whole relationship between soybean futures prices and spot prices.The whole analysis is using the statistical software EVIEWS3.0 collection of the Week Dalian Commodity Exchange 1998-2003 data for soybean futures prices. Finally, to effectively respond soybean futures prices and spot prices between thorough reveal their reaction speed using a pulse response function, and variation the decomposition. The impact of error of the pulse analysis. In a more complete analysis of the certification, the relationship between soybean futures prices and spot prices has established, the article on this for the hedging relationship in the application of a formula down and proved to facilitate more investors in the reasonable actual operation, the maximum price of soybean futures hedging function.