AN EVALUATION OF PRICING PERFORMANCE AND HEDGING EFFECTIVENESS OF THE BARLEY FUTURES MARKET

This paper investigates the pricing efficiency and hedging effectiveness of the Winnipeg barley futures market, using the Chicago corn futures market as a norm. Several tests of pricing efficiency were conducted and the stability of the basis was studied. The barley futures market operates in a heavily regulated economic environment and this is shown to impact on both price behavior and hedging opportunities.


Issue Date:
1984-07
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/32364
Published in:
Western Journal of Agricultural Economics, Volume 09, Number 1
Page range:
1-13
Total Pages:
13




 Record created 2017-04-01, last modified 2017-08-24

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