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Hedging Effectiveness of U.S. Wheat Futures Markets

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  • Wilson, William W.

Abstract

Futures markets as a tool for risk management have become increasingly important in recent years. The effectiveness of hedging in the U.S. wheat futures market is evaluated in this study.

Suggested Citation

  • Wilson, William W., 1982. "Hedging Effectiveness of U.S. Wheat Futures Markets," Agricultural Economics Reports 23215, North Dakota State University, Department of Agribusiness and Applied Economics.
    • Handle: RePEc:ags:nddaer:23215
    DOI: 10.22004/ag.econ.23215
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    References listed on IDEAS

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    1. Crowder, Richard T., 1976. "RESEARCH NEEDS Al'ID PRIORITIES IN THE FOOD SYSTEM: AN INDUSTRY VIEWPOINT," 1976 Annual Meeting, August 15-18, State College, Pennsylvania 283832, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Richard T. Crowder, 1976. "Research Needs and Priorities in the Food System: An Industry Viewpoint," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 58(5), pages 991-999.
    3. Larry Martin & Philip Garcia, 1981. "The Price-Forecasting Performance of Futures Markets for Live Cattle and Hogs: A Disaggregated Analysis," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 63(2), pages 209-215.
    4. Gray, Roger W., 1967. "Price Effects of a Lack of Speculation," Food Research Institute Studies, Stanford University, Food Research Institute, vol. 7(Supplemen), pages 1-18.
    5. Richard E. Just & Gordon C. Rausser, 1981. "Commodity Price Forecasting with Large-Scale Econometric Models and the Futures Market," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 63(2), pages 197-208.
    6. Ederington, Louis H, 1979. "The Hedging Performance of the New Futures Markets," Journal of Finance, American Finance Association, vol. 34(1), pages 157-170, March.
    7. Raymond M. Leuthold, 1974. "The Price Performance on the Futures Market of a Nonstorable Commodity: Live Beef Cattle," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 56(2), pages 271-279.
    8. William G. Tomek & Roger W. Gray, 1970. "Temporal Relationships Among Prices on Commodity Futures Markets: Their Allocative and Stabilizing Roles," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 52(3), pages 372-380.
    9. Rolfo, Jacques, 1980. "Optimal Hedging under Price and Quantity Uncertainty: The Case of a Cocoa Producer," Journal of Political Economy, University of Chicago Press, vol. 88(1), pages 100-116, February.
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    Cited by:

    1. Ismael Pérez-Franco & Esteban Otto Thomasz & Gonzalo Rondinone & Agustín García-García, 2022. "Feed price risk management for sheep production in Spain: a composite future cross-hedging strategy," Risk Management, Palgrave Macmillan, vol. 24(2), pages 137-163, June.
    2. Strohmaier, Jay S. & Dahl, Reynold P., 1984. "Analyzing Changing Price Relationships Between Wheat Futures Markets," Staff Papers 14090, University of Minnesota, Department of Applied Economics.
    3. Thompson, Sarahelen R. & Eales, James S. & Seibold, David, 1993. "Comparison Of Liquidity Costs Between The Kansas City And Chicago Wheat Futures Contracts," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 18(2), pages 1-13, December.

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