The impact of temperature anomalies on commodity futures

dc.contributor.author Dilvin Taskin
dc.contributor.author Efe Caglar Cagli
dc.contributor.author Pinar Evrim Mandaci
dc.contributor.author Taskin, Dilvin
dc.contributor.author Mandaci, Pinar Evrim
dc.contributor.author Cagli, Efe Caglar
dc.contributor.author Evrim Mandaci, Pınar
dc.date APR 3
dc.date.accessioned 2025-10-06T16:21:12Z
dc.date.issued 2021
dc.description.abstract Recent evidence points to global warming and climate change as the biggest issues of the century, thus the analysis of the weather-commodity futures prices relationship has crucial importance. This paper considers the relationship between weather anomalies proxied by the Global Historical Surface Temperature Anomalies (HadCRUT4) and futures prices of agricultural products energy commodities industrial and precious metals. Analyzing the monthly data between December 1982 and November 2020 the outcomes of the novel Granger causality test suggest unidirectional causality from the temperature anomalies to commodity futures prices. The findings imply that global temperature anomalies impact the expectations about the agricultural- and energy-related economic activities including the use of commercial and organic fertilizers and fossil fuel combustion respectively.
dc.identifier.doi 10.1080/15567249.2021.1922546
dc.identifier.issn 1556-7249
dc.identifier.issn 1556-7257
dc.identifier.scopus 2-s2.0-85106216755
dc.identifier.uri http://dx.doi.org/10.1080/15567249.2021.1922546
dc.identifier.uri https://gcris.yasar.edu.tr/handle/123456789/6754
dc.identifier.uri https://doi.org/10.1080/15567249.2021.1922546
dc.language.iso English
dc.publisher TAYLOR & FRANCIS INC
dc.relation.ispartof Energy Sources, Part B: Economics, Planning, and Policy
dc.rights info:eu-repo/semantics/closedAccess
dc.source ENERGY SOURCES PART B-ECONOMICS PLANNING AND POLICY
dc.subject Climate change, commodities, agriculture, energy, industrial and precious metals, recursive evolving window causality
dc.subject GLOBAL CLIMATE-CHANGE, ECONOMIC-IMPACTS, AGRICULTURAL OUTPUT, RANDOM FLUCTUATIONS, ELECTRICITY DEMAND, US AGRICULTURE, CROP YIELDS, WEATHER, ENERGY, CONSUMPTION
dc.subject Agriculture
dc.subject Industrial and Precious Metals
dc.subject Commodities
dc.subject Recursive Evolving Window Causality
dc.subject Climate Change
dc.subject Energy
dc.title The impact of temperature anomalies on commodity futures
dc.type Article
dspace.entity.type Publication
gdc.author.id Taşkın, Dilvin/0000-0001-6139-8006
gdc.author.id Cagli, Efe C/0000-0002-8250-141X
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gdc.author.wosid EVRIM MANDACI, PINAR/A-3090-2019
gdc.author.wosid Taşkın, Dilvin/AAL-1206-2020
gdc.author.wosid Cagli, Efe C/C-5481-2015
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gdc.description.department
gdc.description.departmenttemp [Taskin, Dilvin] Yasar Univ, Fac Business, Izmir, Turkey; [Cagli, Efe Caglar; Mandaci, Pinar Evrim] Dokuz Eylul Univ, Fac Business, Izmir, Turkey
gdc.description.endpage 370
gdc.description.issue 4
gdc.description.publicationcategory Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
gdc.description.startpage 357
gdc.description.volume 16
gdc.description.woscitationindex Science Citation Index Expanded - Social Science Citation Index
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gdc.virtual.author Mandaci, Pinar Evrim
gdc.virtual.author Taşkin Yeşilova, Fatma Dilvin
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person.identifier.orcid Taskin- Dilvin/0000-0001-6139-8006, Cagli- Efe C./0000-0002-8250-141X,
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