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| Transmission relationship of rapeseed prices between China and Canada |
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| DOI： |
| KeyWord:China Canada rapeseed price transmission relationship |
| FundProject:现代农业产业技术体系项目（CARS-14-1-32-1）；黑龙江省社科基金（18JYB137）；东农学者学术骨干项目（54933012） |
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| Abstract: |
| Based on the weekly data of China and Canada rapeseed spot and futures prices from January 1, 2013 to December 31, 2019, using unit root test, Johanson cointegration test, Granger causality test, and variance decomposition methods, taking the expected goal of the cancellation of the domestic rapeseed reserve policy as the starting point, the changes in the transmission relationship of rapeseed prices between China and Canada before and after the cancellation of rapeseed reserve policy in China were analyzed. The results showed that before the cancellation of the rapeseed reserve policy, there was no long-term cointegration relationship between China and Canada’s rapeseed spot and futures prices. When the rapeseed reserve policy was cancelled, the Canadas rapeseed futures and spot prices had an effect on domestic rapeseed futures and spot prices, and the transmission relationship had become clearer. Based on this, the suggestions were put forward, such as making good use of the international market environment and establishing a domestic rapeseed price warning information linkage mechanism, making use of the quality and time advantages of domestic rapeseed in the international market, improving rapeseed futures contract in China as soon as possible to increase the activity of the rapeseed futures market. |
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