Covid-19 Effects on Commodity Pricing

dc.access.optionOpen Access
dc.contributor.advisorRobbins, Tom
dc.contributor.authorPage, Andrew
dc.contributor.departmentBusi and Info Tech Educ
dc.date.accessioned2023-07-13T16:41:01Z
dc.date.available2023-07-13T16:41:01Z
dc.date.created2023-05
dc.date.issued2023-04-25
dc.date.submittedMay 2023
dc.date.updated2023-06-30T13:44:57Z
dc.degree.departmentBusi and Info Tech Educ
dc.degree.disciplineBusiness and Marketing Education
dc.degree.grantorEast Carolina University
dc.degree.levelUndergraduate
dc.degree.nameBS
dc.description.abstractMy work is based on how COVID-19 has affected commodity prices around the world. Commodities are something we use and depend on every day whether we realize it or not and I was curious to see how this is affected by major world events. I focused my research on four separate commodities, steel, crude oil, lumber, and wheat. I gathered the spot prices for each commodity dating back to 2009 and broke the data down weekly. After normalizing the data, I graphed the results to see if they were all affected the same way. What I found was that demand during 2020 was extremely high partial due to people stockpiling items in fear of having to quarantine. What I further found was that this was one of the many reasons demands rose and reflected onto spot prices. There was also extreme variation between all of the commodities I chose. This went against my initial idea that the commodities would track each other in some way. I also found that wheat is affected hugely by the recent war between Ukraine and Russia due to Ukraine producing 10% of the world trade for this commodity.
dc.format.mimetypeapplication/pdf
dc.identifier.urihttp://hdl.handle.net/10342/12952
dc.publisherEast Carolina University
dc.subjectCovid-19, Spot prices, Commodity
dc.titleCovid-19 Effects on Commodity Pricing
dc.typeHonors Thesis
dc.type.materialtext

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