question about historical prices

Discussion in 'Commodity Futures' started by Econmajor, Oct 25, 2013.

  1. Looking at examples in books where they show historical prices to do some kind of analysis they don't show what contract they are using. If you were to forecast a price based off previous years price and crop reports would you use the nearest month contract? Or would you use the contract for the new crop?

    Second question, would recommend taking an average price or a price on the close of the contract?

    I don't have the money to trade right now so I'm trying to learn as much as possible and have solid data and technicals to trade with when I am able to open an account.

    Thanks.