TY  - RPRT
AB  - Over the years, critics have argued that futures market prices have been either
too low or too high. Speculators have often been the target for the wrath of those
feeling the futures price does not properly reflect market fundamentals. Recently, the
criticism has been vented toward a new type of speculator that has been blamed for the
dramatic changes in agricultural commodity prices experienced over the last several
years. Commodity index traders (CITs) and other large institutional traders are
commonly accused of exerting a destabilizing influence on commodity prices. The
intensity of the debate over the role of CITs appeared to wane with the reduction in
commodity prices since 2008 but the recent release of a well-publicized OECD report
on the issue by Irwin and Sanders (2010) along with the doubling of wheat prices and
the claim by von Braun (2010) and others that the rise was due to speculative activity
has renewed the debate.
AU  - Getu, Hailu
AU  - Weersink, Alfons
DA  - 2010-10
DA  - 2010-10
DO  - 10.22004/ag.econ.95803
DO  - doi
ID  - 95803
KW  - Agribusiness
KW  - Agricultural and Food Policy
KW  - Demand and Price Analysis
KW  - Marketing
KW  - commodity
KW  - index futures
KW  - trading
KW  - volatility
L1  - https://ageconsearch.umn.edu/record/95803/files/Commissioned%20Paper%202010-2%20Hailu%20and%20Weersink.pdf
L2  - https://ageconsearch.umn.edu/record/95803/files/Commissioned%20Paper%202010-2%20Hailu%20and%20Weersink.pdf
L4  - https://ageconsearch.umn.edu/record/95803/files/Commissioned%20Paper%202010-2%20Hailu%20and%20Weersink.pdf
LA  - eng
LK  - https://ageconsearch.umn.edu/record/95803/files/Commissioned%20Paper%202010-2%20Hailu%20and%20Weersink.pdf
N2  - Over the years, critics have argued that futures market prices have been either
too low or too high. Speculators have often been the target for the wrath of those
feeling the futures price does not properly reflect market fundamentals. Recently, the
criticism has been vented toward a new type of speculator that has been blamed for the
dramatic changes in agricultural commodity prices experienced over the last several
years. Commodity index traders (CITs) and other large institutional traders are
commonly accused of exerting a destabilizing influence on commodity prices. The
intensity of the debate over the role of CITs appeared to wane with the reduction in
commodity prices since 2008 but the recent release of a well-publicized OECD report
on the issue by Irwin and Sanders (2010) along with the doubling of wheat prices and
the claim by von Braun (2010) and others that the rise was due to speculative activity
has renewed the debate.
PY  - 2010-10
PY  - 2010-10
T1  - Commodity Price Volatility: The Impact of Commodity Index Traders
TI  - Commodity Price Volatility: The Impact of Commodity Index Traders
UR  - https://ageconsearch.umn.edu/record/95803/files/Commissioned%20Paper%202010-2%20Hailu%20and%20Weersink.pdf
Y1  - 2010-10
T2  - Commissioned Paper
T2  - 2010-02
ER  -