Dées, Stéphane; Gasteuil, Audrey; Kaufmann, Robert Kurt; … - 2008
Central Bank as an intern.
4 Center for Energy & Environmental Studies, Department of Geography and Environment,
Boston … an exogenous event that changed the market from backwardation
to contango. Failing this, the switch may be associated … previous studies that indicate the price forecasts implied by the futures contracts
perform poorly relative to random walks …