Notice of RetractionThe study of the relationship between the forward prices of agricultural products in DCE and the stock price of New Hope Group

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

The paper has made an empirical study of the relationship between the prices of soybeans, soybean meal and corns in DCE and the stock price of New Hope Group, the representative of listed agricultural companies in feed industry, by such econometric methods as ADF unit root test, extended E-G test and Granger causality test, etc., and presented relevant conclusion as well as suggestions. The study shows that there is a long-term balanced co-integration and two-way Granger casual relation between the forward prices of dominant futures like soybeans and corns in DCE and the stock price of New Hope Group while between the price of soybean meal futures and the stock price there is only a co-integration and one-way Granger causality with stock price affecting the price of soybean meal futures, from which it can be easily concluded that the price discovery ability of soybeans and corns is better than that of soybean meal.