@article{Sherrick:270920, recid = {270920}, author = {Sherrick, Bruce J. and Irwin, Scott H. and Forster, D. Lynn}, title = {NONSTATIONARITY OF SOYBEAN FUTURES PRICE DISTRIBUTIONS: OPTION-BASED EVIDENCE}, address = {1990-08-05}, number = {1974-2018-2364}, pages = {16}, month = {Aug}, year = {1990}, abstract = {No-Arbitrage option pricing models are used to estimate ex ante soybean futures price distributions. Volatility measures of these distributions are modeled in an endogenous-switchpoint regression as functions of price level and time-to-maturity. Results indicate volatility measures are not stationary, and exhibit regime dependent influences of time-to-maturity and price level.}, url = {http://ageconsearch.umn.edu/record/270920}, doi = {https://doi.org/10.22004/ag.econ.270920}, }