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Authors: Rahman, Shaikh Mahfuzur
Turner, Steven C.
Costa, Ecio de Farias
Keywords: cottonseed meal
hedging ratios
soybean meal
Issue Date: 2001
Abstract: This study examines the feasibility of cross-hedging cottonseed meal with soybean meal futures. A simple linear regression of cottonseed meal cash prices on soybean meal futures provides a direct price movement relationship. Using the estimated hedge ratios, the net realized prices are calculated for seven different cash markets. The net realized prices are higher than cash prices in three of the four years evaluated. The empirical analyses suggest soybean meal futures can be used as a potential cross-hedging vehicle for cash cottonseed meal.
Institution/Association: Journal of Agribusiness>Volume 19, Number 2, Fall 2001
Total Pages: 9
Language: English
From Page: 163
To Page: 171
Collections:Volume 19, Number 2, Fall 2001

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