these risk measures. In this paper, we apply a Gaussian copula and Student’s t copula models to create a joint distribution …

copula models to discuss the use of corn futures contracts to cross hedge grain sorghum, and the use of Kansas wheat futures … cross-hedge ratio is obtained from eight copula models – two elliptical copulas (Gaussian and Student’s-t) and six … techniques to estimate the copula models and compare the performance of these copula models by their maximum likelihood values …

preserves a given set of marginals, a copula approach can be used to characterize the joint yield and price risk of corn and … soybeans, which are usually highly correlated. The copula approach has been spurred by the recent developments in the whole …. As a part of the study, various copula models are investigated for their suitability in modeling yield and price risks …

conditions in different locations. For that purpose copula methods are employed that allow an adequate description of stochastic …