Contribution to Price Discovery in the Forest Product Market: Futures, Forwards, and Spot Markets
Manfredo, Mark R.; Sanders, Dwight R.
2006

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Abstract

This research examines the lead-lag relationships between futures prices, prices from a cash forward market, and spot prices for two forest product markets. Results suggest that for 2x4 lumber, the forward market provides some level of price discovery, but futures play a dominant price discovery role for oriented strand board.

Details

Title Contribution to Price Discovery in the Forest Product Market: Futures, Forwards, and Spot Markets
Author(s) Manfredo, Mark R.
Sanders, Dwight R.
Subject(s)
Issue Date 2006
Publication Type Conference Paper/ Presentation
DOI and Other Identifiers 10.22004/ag.econ.21250
Record Identifier https://ageconsearch.umn.edu/record/21250
PURL Identifier http://purl.umn.edu/21250
Language English
Total Pages 26
Series Statement Selected Paper
Record Appears in Agricultural and Applied Economics Association (AAEA) > Agricultural and Applied Economics Association (AAEA) Conferences > 2006 Annual meeting, July 23-26, Long Beach, CA

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