ECO325H1 Lecture 6: Lecture 6 Ramsey-Kass Koopman Model
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On 11 October 2017, the January 2018 NSW wheat futures closing price was $240/MT. Suppose, on the morning of 12 October 2017, meteorologists announced an increased probability of excessive rainfall that can considerably reduce the crop yield. All else held constant, which of the following is the most likely candidate of the January 2018 NSW wheat futures closing price on 12 October 2017?
A. |
the provided information is insufficient |
|
B. |
$230/MT |
|
C. |
$250/MT |
|
D. |
$240/MT |