Document Type

Thesis - Open Access

Award Date

1993

Degree Name

Master of Science (MS)

Department

Economics

First Advisor

Bashir Qasmi

Abstract

The overall objective of this study is to identify the seasonal patterns in S.D. cash prices (received by farmers) for corn, wheat, and oats. Seasonality in S.D. cash prices may be different from the seasonality in the U.S. cash prices for a commodity. The reasons for this may be differences in the seasonal supply and demand for the commodity and the supply and demand for substitutes. The availability and price of storage and transportation can also have substantial impact on regional commodity price seasonality. Therefore, it is important that the relationship between the seasonal fluctuations in S.D. cash prices and the seasonal fluctuations in the U.S. cash prices be analyzed. Since the seasonal indexes are computed using historical data, it is important to investigate the impact of the length of the historical data series on the reliability of the seasonal indexes. For each of the selected grains, corn, wheat, and oats, the specific objectives are as follows:

1) To identify the seasonal patterns in S.D. and U.S. cash prices.

2) To investigate if the seasonal patterns in S.D. cash prices are different than the seasonal patterns in the U.S. cash prices.

3) To investigate if the seasonal pattern in S.D. and U.S. cash prices are changing over time.

4) To analyze the impact of the length of the historical data series on the reliability of the forecasted price patterns.

Format

application/pdf

Number of Pages

110

Publisher

South Dakota State University

Rights

Copyright © 1993 Prashobh Karunakaran

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