Download or read book The Role of Speculators in Recent Price Volatility in Wheat Futures Markets written by Jacob Delane Holloway and published by . This book was released on 2012 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Some Aspects of Speculation and Its Effects on the Price of Wheat written by Earl William Davis and published by . This book was released on 1934 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Deconstructing Wheat Price Spikes a Model of Supply and Demand Financial Speculation and Commodity Price Comovement written by United States Department of Agriculture and published by CreateSpace. This book was released on 2014-12-06 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2008, wheat futures prices spiked and then crashed along with prices for other agri-cultural and nonagricultural commodities. Market observers offered several theories to explain this common movement, or comovement, in prices, and have proposed policies to address the perceived problem of excessive price volatility. The design of an appropriate policy response would benefit from a better understanding of the cause of the observed price movements. This study uses an econometric model to decompose observed wheat prices into a set of economic factors and measure the relative contribution of each factor to observed price changes. Findings show that market-specific shocks related to supply and demand for wheat were the dominant cause of price spikes in the three U.S. wheat futures markets. Fluctuations in the global macroeconomy associated with broadbased demand shocks were relatively less significant for wheat than for other commodities like crude oil and corn. Finally, little evidence suggests commodity index trading contributed to recent price spikes.
Download or read book Deconstructing Wheat Price Spikes written by Joseph P. Janzen and published by . This book was released on 2014-06-07 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2008, wheat futures prices spiked and then crashed along with prices for other agricultural and nonagricultural commodities. Market observers offered several theories to explain this common movement, or comovement, in prices, and have proposed policies to address the perceived problem of excessive price volatility. The design of an appropriate policy response would benefit from a better understanding of the cause of the observed price movements. This study uses an econometric model to decompose observed wheat prices into a set of economic factors and measure the relative contribution of each factor to observed price changes. Findings show that market-specific shocks related to supply and demand for wheat were the dominant cause of price spikes in the three U.S. wheat futures markets. Fluctuations in the global macroeconomy associated with broadbased demand shocks were relatively less significant for wheat than for other commodities like crude oil and corn. Little evidence suggests commodity index trading contributed to recent price spikes. Tables and figures. This is a print on demand report.
Download or read book Food Price Volatility and Its Implications for Food Security and Policy written by Matthias Kalkuhl and published by Springer. This book was released on 2016-04-12 with total page 620 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides fresh insights into concepts, methods and new research findings on the causes of excessive food price volatility. It also discusses the implications for food security and policy responses to mitigate excessive volatility. The approaches applied by the contributors range from on-the-ground surveys, to panel econometrics and innovative high-frequency time series analysis as well as computational economics methods. It offers policy analysts and decision-makers guidance on dealing with extreme volatility.
Download or read book The Economics of Food Price Volatility written by Jean-Paul Chavas and published by University of Chicago Press. This book was released on 2014-10-14 with total page 394 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The conference was organized by the three editors of this book and took place on August 15-16, 2012 in Seattle."--Preface.
Download or read book Speculation and the Price of Wheat written by Rollin Edson Smith and published by . This book was released on 1923 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Deconstructing Wheat Price Spikes a Model of Supply and Demand Financial Speculation and Commodity Price Comovement written by United States Department of Agriculture and published by CreateSpace. This book was released on 2015-07-13 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2008, wheat futures prices spiked and then crashed along with prices for other agricultural and nonagricultural commodities. Market observers offered several theories to explain this common movement, or comovement, in prices, and have proposed policies to address the perceived problem of excessive price volatility. The design of an appropriate policy response would benefit from a better understanding of the cause of the observed price movements. This study uses an econometric model to decompose observed wheat prices into a set of economic factors and measure the relative contribution of each factor to observed price changes. Findings show that market-specific shocks related to supply and demand for wheat were the dominant cause of price spikes in the three U.S. wheat futures markets. Fluctuations in the global macroeconomy associated with broadbased demand shocks were relatively less significant for wheat than for other commodities like crude oil and corn. Finally, little evidence suggests commodity index trading contributed to recent price spikes.
Download or read book Organized speculation its role in the wheat futures market written by Chester Allen Thames and published by . This book was released on 1968 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Futures written by Emily Lambert and published by ReadHowYouWant.com. This book was released on 2010-11-05 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: In The Futures, Emily Lambert, senior writer at Forbes magazine, tells us the rich and dramatic history of the Chicago Mercantile Exchange and Chicago Board of Trade, which together comprised the original, most bustling futures market in the world. She details the emergence of the futures business as a kind of meeting place for gamblers and farmers and its subsequent transformation into a sophisticated electronic market where contracts are traded at lightning-fast speeds. Lambert also details the disastrous effects of Wall Street's adoption of the futures contract without the rules and close-knit social bonds that had made trading it in Chicago work so well. Ultimately Lambert argues that the futures markets are the real ''free'' markets and that speculators, far from being mere parasites, can serve a vital economic and social function given the right architecture. The traditional futures market, she explains, because of its written and cultural limits, can serve as a useful example for how markets ought to work and become a tonic for our current financial ills.
Download or read book Futures Price Volatility in Commodities Markets written by Matteo Manera and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Risk Premia and Price Volatility in Futures Markets written by G. S. Maddala and published by . This book was released on 1990 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Speculation and Price Volatility written by Beom Gyo Hong and published by . This book was released on 1987 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Analysis of Speculative Trading in Grain Futures written by Blair Stewart and published by . This book was released on 1968 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Price Discovery and Volatility Spillovers in Indian Wheat Market written by Dr. Arpit Sidhu and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the price discovery and volatility spillovers in the spot and futures wheat market in India. For this purpose, closing prices are taken as the sample data from June 1, 2013 to July 31, 2017 from National Commodity and Derivatives Exchange Limited (NCDEX) for both spot and futures wheat markets. The data is analyzed using unit root test, Granger causality test, Johansen cointegration test, Vector Error Correction Model (VECM), and Glosten- Jagannathan Runkle Generalized Autoregressive Conditional Heteroskedasticity (GJR-GARCH) model to measure the price discovery and volatility spillovers. Granger causality test confirms that bidirectional causality exists between wheat spot and its underlying wheat futures market. Johansen cointegration test approves the long-term equilibrium relationship between wheat spot and wheat futures prices. The VECM shows that wheat futures market leads wheat spot market in price discovery process in the long run. It shows that the wheat futures market plays a dominant role and serves as a price discovery vehicle. The GJR-GARCH model exhibits the volatility spillover from wheat futures market (near month as well as next to near month) to wheat spot market, and wheat spot market to near to next month wheat futures market. The wheat futures market in India serves as a price discovery agent. The findings of the study give insights to the investors, regulators, policy makers and speculators on volatility, volatility spillover, long-term equilibrium, price discovery and the effect of futures market on spot market and vice versa in wheat market. This would help them make future policies with regard to practices/investments in wheat market, whether in spot or futures market.
Download or read book Oil Price Volatility and the Role of Speculation written by Samya Beidas-Strom and published by International Monetary Fund. This book was released on 2014-12-12 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: How much does speculation contribute to oil price volatility? We revisit this contentious question by estimating a sign-restricted structural vector autoregression (SVAR). First, using a simple storage model, we show that revisions to expectations regarding oil market fundamentals and the effect of mispricing in oil derivative markets can be observationally equivalent in a SVAR model of the world oil market à la Kilian and Murphy (2013), since both imply a positive co-movement of oil prices and inventories. Second, we impose additional restrictions on the set of admissible models embodying the assumption that the impact from noise trading shocks in oil derivative markets is temporary. Our additional restrictions effectively put a bound on the contribution of speculation to short-term oil price volatility (lying between 3 and 22 percent). This estimated short-run impact is smaller than that of flow demand shocks but possibly larger than that of flow supply shocks.
Download or read book Commodity Futures and Financial Markets written by L. Phlips and published by Springer Science & Business Media. This book was released on 1990-11-30 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: Louis Phlips The stabilisation of primary commodity prices, and the related issue of the stabilisation of export earnings of developing countries, have traditionally been studied without reference to the futures markets (that exist or could exist) for these commodities. These futures markets have in turn been s~udied in isolation. The same is true for the new developments on financial markets. Over the last few years, in particular sine the 1985 tin crisis and the October 1987 stock exchange crisis, it has become evident that there are inter actions between commodity, futures, and financial markets and that these inter actions are very important. The more so as trade on futures and financial markets has shown a spectacular increase. This volume brings together a number of recent and unpublished papers on these interactions by leading specialists (and their students). A first set of papers examines how the use of futures markets could help stabilising export earnings of developing countries and how this compares to the rather unsuccessful UNCTAD type interventions via buffer stocks, pegged prices and cartels. A second set of papers faces the fact, largely ignored in the literature, that commodity prices are determined in foreign currencies, with the result that developing countries suffer from the volatility of exchange rates of these currencies (even in cases where commodity prices are relatively stable). Financial markets are thus explicitly linked to futures and commodity markets.
