Causality in Relation to Futures and Cash Prices in the Wheat Market

Mutual interactions between the agricultural commodities futures market and spot are some of most important relationships that can be observed financial real economy. The process flow price impulses these markets has long been interest to researchers. It is both for stock investors producers, as well decision-makers responsible food policy. studies conducted so far do not provide unambiguous answers about strength direction flows impulses. This one example need continuous monitoring. Therefore, aim study was identify wheat market. carried out based on US example. prices from CBOT exchange producer index were analyzed. data covers period 01.2010 01.2022. Granger causality test VAR model used study. results in minority, a causal relationship obtained market, which less common result.