| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Cash Ethanol Cross-Hedging Opportunities
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| Autores: |
Franken, Jason R.V.
Parcell, Joseph L.
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| Data: |
2008-09-16
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| Ano: |
2003
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| Palavras-chave: |
Cross-hedging
Ethanol
Gas
G13
Q13
Q42
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| Resumo: |
Increased use of alternative fuels and low commodity prices have contributed to the recent expansion of the U.S. ethanol industry. As with any competitive industry, some level of output price risk exists in the form of volatility; yet, no actively traded ethanol futures market exists to mitigate output price risk. This study reports estimated minimum variance cross-hedge ratios between Detroit spot cash ethanol and the New York Mercantile Exchange unleaded gasoline futures for 1-, 4-, 8-, 12-, 16-, 20-, 24-, and 28-week hedge horizons. The research suggests that a one-to-one cross-hedge ratio is not appropriate for some horizons.
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| Tipo: |
Journal Article
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| Idioma: |
Inglês
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| Identificador: |
http://purl.umn.edu/43152
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| Relação: |
Journal of Agricultural and Applied Economics>Volume 35, Number 03, December 2003
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| Formato: |
8
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