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Historical Corn Price Evolution Implications For Pre-Harvest Hedging, Cory Walters, Richard K. Preston
Historical Corn Price Evolution Implications For Pre-Harvest Hedging, Cory Walters, Richard K. Preston
Cornhusker Economics
Commodity markets evolve through information provided by participating buyers and sellers and throughout this process the conditions in which commodity markets work are revealed. Producer pre-harvest commodity marketing can be further developed by incorporating information on how commodity markets work, leading to better farm financial performance.
We investigate how commodity markets have historically evolved from spring to fall. While changes in future prices appear random in any given year, observing average daily prices over 32 years could uncover a seasonal tendency. In the past 32 years, the average daily price tends to be higher in the spring than the fall, …