Proceedings of the 8th International Conference on Financial Innovation and Economic Development (ICFIED 2023)

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The Impact of Monetary Policy, Transport Costs and Substitute Prices on the Australian Wheat Futures Market Price

Authors
Xincheng Wu1, *
1UNSW Business School, Sydney. 2000, Sydney, Australia
*Corresponding author. Email: 1105884052@qq.com
Corresponding Author
Xincheng Wu
Available Online 15 May 2023.
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.

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Volume Title
Proceedings of the 8th International Conference on Financial Innovation and Economic Development (ICFIED 2023)
Series
Advances in Economics, Business and Management Research
Publication Date
15 May 2023
ISBN
10.2991/978-94-6463-142-5_75
ISSN
2352-5428
DOI
10.2991/978-94-6463-142-5_75How to use a DOI?
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

risenwbib
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  -