@article{Geyser:8009,
      recid = {8009},
      author = {Geyser, Mariette and Cutts, Michela},
      title = {SAFEX maize price volatility scrutinised},
      journal = {Agrekon},
      address = {2007-09},
      number = {346-2016-15839},
      pages = {15},
      year = {2007},
      abstract = {Commodity prices in general are known to have a high  volatility. This is in fact what attracts speculators.  The  South African futures exchange (SAFEX) is not immune to  this volatility.  Volatility increases the risk of paying  higher prices for a specific commodity, and it also makes  the use of derivative instruments to hedge against price  risk more expensive.  Given the importance of South Africa  as a regional supplier of maize and price discovery  mechanism, investigations into the volatility of the maize  price are not only important, but also indispensable if all  parties involved are to manage this risk.  The question  therefore is whether the SAFEX maize price volatility can  be explained by using fundamental factors or whether this  volatility is unexplainably high.},
      url = {http://ageconsearch.umn.edu/record/8009},
      doi = {https://doi.org/10.22004/ag.econ.8009},
}