Onel, Gulcan; Karali, Berna - Agricultural and Applied Economics Association - AAEA - 2014
Many risk management strategies, including hedging the price risk using forward or futures contracts require accurate … forecasts of basis, i.e., spot price minus the futures price. Recent literature in this area has applied nonlinear time … and basis. Empirical results based on weekly futures and spot prices for North Carolina soybean and corn markets support …