futures prices
3.This paper uses classical R/S analysis to study the non-linear festures of futures prices against futures prices time series. Using the daily, weekly and monthly closing price of copper futures in the last ten years from Shanghai futures exchange as samples to conduct R/S analysis. The scale situation to different time frequency of hurst exponent is also studied.
8.Taking Chinese only feed industrial Futures-Soybean Meal Futures in Dalian Commodity Exchange as examples, this article examines the dynamic relationship between the prices of spot and futures, and discloses the role of futures market plays in price discovery quantitatively, using VAR model, cointegration test, error correction model, variance decomposition and impulse responses function methods, etc.
10.The result shows that there is a bi-directional leading relationship between cotton prices in futures market and cash market and there is a long-term equilibrium relationship between them; Both futures and cash markets play important roles in price discovery and the day futures market is in a dominant position.
