US Soybean Market Forecasting Using Statistics & Machine Learning Techniques

The agricultural product stock market is very stochastic and difficult to predict. The market is especially affected due to different political and economic policies. This year, the soybean trading market has been affected the most due to the trade war between the U.S. and China. According to USDA, 17% of the U.S. agriculture produce exports to China and 62% of those products were soybeans. Thus, the soybean market has a remarkable change from previous years. In this study, Long-Short Term Memory (LSTM), Time Series Regression model and GARCH model are explored to analyze the soybean market. Google trend and other factors are evaluated as important indicators to the market