Notice of RetractionThe research on the price guidance function between Chinese soybean futures market and spot market in the context of the financial crisis

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.

Based on the econometric methods, the paper analyzes that how the financial crisis impact on the price guidance function between Chinese futures market and spot market. The research shows:there is co-integration relationship and error correction between Chinese futures market and spot market before financial crisis, while after financial crisis the time series of Chinese futures market and spot market has been stationary;there is a two-way Granger causality relationship between Chinese futures market and spot market both before and after financial crisis;the futures market plays more important role in the Chinese soybean price before financial crisis, while the spot market plays more important role in the Chinese soybean price after financial crisis.