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| Sartwelle, James D., III; O'Brien, Daniel M.; Tierney, William I., Jr.; Eggers, Tim. |
| A survey of Kansas, Texas, and Iowa agricultural producers was taken to examine the factors affecting their grain marketing practices. Sales indices models and models of qualitative choice are used to determine whether marketers' choices of cash market, forward contract, or futures and options oriented marketing practices are significantly affected by their personal farm business characteristics. Results indicate that geographic location, farm size, grain enterprise specialization, farming experience, use of grain storage, and use of crop insurance have significant effects upon the respondents' choice of grain marketing practices. |
| Tipo: Journal Article |
Palavras-chave: Agricultural options; Cash marketing; Futures; Grain marketing practices; Multinomial logit; Tobit; Marketing. |
| Ano: 2000 |
URL: http://purl.umn.edu/15396 |
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| Urcola, Hernan A.; Irwin, Scott H.. |
| As agricultural options markets grow, perceptions of overpricing persist among market participants. This study tests the efficiency of corn, soybean, and wheat options by computing trading returns. Several call and put option strategies yield significant profits, but returns are influenced by movements in the futures price, and straddle trading does not lead to significant returns. The combined analysis of put, call, and straddle returns indicates that significant returns can be attributed to drifts in the underlying futures, and that the corn, soybean, and wheat options markets are efficient. |
| Tipo: Journal Article |
Palavras-chave: Agricultural options; Mispricing perceptions; Trading returns; Risk and Uncertainty. |
| Ano: 2011 |
URL: http://purl.umn.edu/105525 |
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