Influence of the World Futures Markets of Corn upon the Prices in Ukraine
The goal of the article lies in the study of interrelation between the world futures markets of corn and physical market of corn in Ukraine. Analysing, systemising and generalising information about the world market of corn, the article draws conclusions on a high level of integration of Ukraine int...
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| Format: | Article |
| Language: | English |
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Research Centre of Industrial Problems of Development of NAS of Ukraine
2013-12-01
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| Series: | Bìznes Inform |
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| Online Access: | http://www.business-inform.net/pdf/2013/12_0/164_171.pdf |
| Summary: | The goal of the article lies in the study of interrelation between the world futures markets of corn and physical market of corn in Ukraine. Analysing, systemising and generalising information about the world market of corn, the article draws conclusions on a high level of integration of Ukraine into the pricing system in the world markets of the agrarian products. In the result of the study the article reveals a high level of correlation between the prices in the Ukrainian market of corn and the prices in the world reference futures markets of corn. The article identifies a causal relationship between the markets, which testifies to a necessity of taking into account development of the pricing situation in these markets for precise forecasting. Prospects of further studies in this direction could be studies of the basis between physical and futures markets and influence of state regulation of the grain market in Ukraine upon its degree of correlation with the world reference markets. |
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| ISSN: | 2222-4459 |