The purpose of the article is to identify and estimate the dependency model for the extreme prices of agricultural products listed on the Chicago Mercantile Exchange. The article presents the results of the first stage of research covering the time interval 1975–2010. The selected products are: Corn, soybean and wheat. The analysis of the dependency between extreme price values on the selected futures was based on the estimation of five models of two-dimensional extreme value copulas, namely, the Galambos copula, the Gumbel copula, the Husler–Reiss copula, the Tawn asymmetric copula and the t-EV copula. The next stage of the analysis was to test whether the structure of the dependency described with the estimated copulas is a sufficient approximation of reality, and whether it is suitable for modeling empirical data. The quality of matching the estimated copulas to empirical data of return rates of agricultural products was assessed. For this purpose, the Kendall coefficient was calculated, and the methodology of the empirical combining function was used. The conducted research allowed for the determination of the conduct for this kind of phenomena as it is crucial in the process of investing in derivatives markets. The analyzed phenomena are highly dependent on e.g., financial crises, war, or market speculation but also on drought, fires, rainfall, or even crop oversupply. The conducted analysis is of key importance in terms of balancing agricultural production on a global scale. It should be emphasized that conducting market analysis of agricultural products at the Chicago Mercantile Exchange in the context of competition with the agricultural market of the European Union is of significant importance.

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The subject of this research study is the applications of Information Technology (IT) to support management. This is not the sole use of IT methods and means in enterprises, however, the issues related to the automation of technological processes and software for these purposes are not the subject of these considerations. The aim of this research study is to show the innovative role of IT as a factor that enables meeting the challenges posed by managers, such as improving work efficiency, accelerating (reducing time of) handling orders, entering into competition on previously inaccessible markets, and generating the value added, which goes far beyond the capabilities of a single business entity. The business model includes collaboration unhindered by the territorial distribution of individuals, or time zone differences. The measure of effectiveness is the achieved result, and the recipient of the value thus created is not interested in where and how this value is created. Dynamically changing market expectations and the needs of recipients force the reconfiguration of the manufacturing system, which is a feature of virtual workplaces.

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