Grain Futures Contracts: An Economic Appraisal
S. Craig Pirrong,David Haddock,Roger C. Kormendi
Grain Futures Contracts: An Economic Appraisal
S. Craig Pirrong,David Haddock,Roger C. Kormendi
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This book is an independent scholarly analysis of the economics of the grain futures contracts: of the Chicago Board of Trade (CBT), special attention being paid to the recent performance and future prospects of a crucial aspect of grain futures contracts the delivery process. Delivery links futures and spots markets, and is essential to the efficient performance of a grain futures contract. Both hedging effectiveness and the informativeness of futures prices depend upon this linkage.
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