Agricultural Futures Prices and New Information
Author: John Kitchen
Publisher:
Published: 1988
Total Pages: 24
ISBN-13:
DOWNLOAD EBOOKRead and Download eBook Full
Author: John Kitchen
Publisher:
Published: 1988
Total Pages: 24
ISBN-13:
DOWNLOAD EBOOKAuthor: John Kitchen
Publisher:
Published: 1988
Total Pages: 20
ISBN-13:
DOWNLOAD EBOOKAuthor: William G. Tomek
Publisher: Cornell University Press
Published: 2014-05-08
Total Pages: 484
ISBN-13: 0801471109
DOWNLOAD EBOOKPublished continuously since 1972, Agricultural Product Prices has become the standard textbook and reference work for students in agricultural and applied economics, buyers and sellers of commodities, and policymakers, clearly explaining conceptual and empirical models applicable to agricultural product markets. The new fifth edition uses up-to-date information and models to explain the behavior of agricultural product prices. Topics include price differences over market levels (marketing margins), price differences over space (regionally and internationally) and by quality attributes, and price variability with the passage of time (seasonal and cyclical variations, trends, and random behavior). William G. Tomek and Harry M. Kaiser review and adapt microeconomic principles to the characteristics of agricultural commodity markets and then apply these principles to the various dimensions of price behavior. They also provide an in-depth discussion of prices established for futures contracts and their relationship to cash (spot) market prices; cover the influential roles of price discovery institutions, such as auctions and negotiated contracts, and government policies regulating trade and farms; and discuss the specification, use, and evaluation of empirical models of agricultural prices, placing emphasis on the challenges of doing high-quality, useful analyses and interpreting results.
Author: Isabelle Piot-Lepetit
Publisher: Springer Science & Business Media
Published: 2011-06-10
Total Pages: 238
ISBN-13: 1441976345
DOWNLOAD EBOOKThis book examines the issue of price volatility in agricultural commodities markets and how this phenomenon has evolved in recent years. The factors underlying the price spike of 2007-08 appear to be global and macroeconomic in nature, including the rapid growth in demand by developing countries, the international financial crisis, and exchange rate movements. Some of these factors are new, appearing as influences on price volatility only in the last decade. Although volatility has always been a feature of agricultural commodity markets, the evidence suggests that volatility has increased in certain commodity markets. A growing problem is that agricultural price shocks and volatility disrupt agricultural markets, economic incentives and incomes. With increased globalization and integration of financial and energy markets with agricultural commodity markets, the relationships between markets are expanding and becoming more complex. When a crisis such as a regional drought, food safety scare or a financial crisis hits a particular market, policy-makers often do not know the extent to which it will impact on other markets and affect producer, consumer and trader decisions. Including contributions from experts at the World Bank, the Food and Agriculture Organization of the United Nations, the USDA, and the European Commission, the research developed throughout the chapters of this book is based on current methodologies that can be used to analyze price volatility and provide directions for understanding this volatility and the development of new agricultural policies. The book highlights the challenges facing policy makers in dealing with the changing nature of agricultural commodities markets, and offers recommendations for anticipating price movements and managing their consequences. It will be a practical guide for both present and future policy-makers in deciding on potential price-stabilizing interventions, and will also serve as a useful resource for researchers and students in agricultural economics.
Author: Alexander Sarris
Publisher: Edward Elgar Publishing
Published: 2006-01-27
Total Pages: 456
ISBN-13: 1781008027
DOWNLOAD EBOOKThis book argues that the viability of many observed market and non-market interventions in agricultural products worldwide depends considerably on the underlying behaviour of the relevant commodity markets. Many of these policies have had distortive impacts, resulting in much discussion and controversy in the context of the World Trade Organization (WTO) Doha Round of trade negotiations.
Author: Tobias Thürer
Publisher: Logos Verlag Berlin GmbH
Published: 2016-02-05
Total Pages: 222
ISBN-13: 3832538763
DOWNLOAD EBOOKSince the mid 2000s, an increasing financialization of commodity futures markets is taking place. This has fueled an ongoing discussion about the effect of financial investments on the development of commodity prices. Against this background, the trading activities of financial speculators also come to the fore. There is the concern that such speculators can cause irrational overshootings of agricultural commodity prices, e.g. in the event of global production shocks. In such an event the decrease of total supply induces a price surge menacing food security in developing countries. Yet, the question emerges whether speculation aggravates this price increase, eventually inducing a price bubble. The relevance of this concern is reinforced by the fact that due to climate change an increased frequency and severity of global agricultural production shortfalls is at stake. If speculation evokes an additional threat to food security in the event of a production shock, the political agenda should not be confined to focus solely on the adaptation to climate change. Instead, it is then also necessary to address speculative activities on agricultural commodity markets. This book scrutinises whether speculative bubbles can be identified in the event of severe global production shocks. For this, a framework for tracing the transmission of the futures price's development on the spot market is developed. Using annual data from 1979-2012 for maize it is analysed whether production shock related price bubbles occurred.
Author:
Publisher:
Published: 1938
Total Pages: 156
ISBN-13:
DOWNLOAD EBOOKAuthor: Richard Duncan
Publisher: Woodhead Publishing
Published: 2014-03-14
Total Pages: 241
ISBN-13: 1782420037
DOWNLOAD EBOOKAgricultural futures and options has been written for the potential and actual users of agricultural futures markets but should also provide a useful introduction to the more academic students of the subject.Divided into three parts, the first examines the North American markets with chapters on Chicago, definitions, hedgers, commodity trading advisors, options, New York and the Winnipeg community.Part 2's study of the European markets looks at soft commodities and the London Fox, the London Grain Futures Market, meat futures, potato futures and soya bean meal futures.Investing and investor protection is the subject of part 3. Guidelines are provided for opening and servicing an account and a further chapter deals with regulation.
Author:
Publisher:
Published: 1949
Total Pages: 310
ISBN-13:
DOWNLOAD EBOOKAuthor: John N. Ferris
Publisher: MSU Press
Published: 2005
Total Pages: 361
ISBN-13: 9780870137518
DOWNLOAD EBOOKAgricultural Prices and Commodity MarketAnalysis discusses the application of economictheory to agriculture and the foodindustry, using quantitative tools. The blendof theory and application is unique in detailinghow demand and supply can be measuredand how econometric simulationmodels can be constructed and evaluated.This revised edition focuses on forecastingand generating long-term projections as wellas discussing the relatively unexplored areaof stochastic modeling, which is critical inhandling crop yield variability. Other topicscovered include agricultural policy analysisand futures/options markets. The role oftime series models in improving structuralequations and forecasting techniques providesa capstone.