the wheat contracts on the Chicago and Kansas City exchanges. In Chicago, we find stable levels of incremental hedging … that significantly decline when futures price volatility is high and when delivery basis weakens significantly …. Additionally, hedging participation has declined in recent years, coinciding with the commodity price boom. In the Kansas City …

alternative to expected utility theory. Conventional theory posits that the optimal hedging position of a producer is not affected … producer is affected by changes in futures price levels. The implications of this price-induced hedging behavior on spot prices … and volatility are subsequently considered. …

understand the behavior of markets and firms in periods of extreme volatility. After presenting the story of the cotton futures … themselves may help us better understand market volatility. A simple model of futures market equilibrium in the presence of …

In this study stylized gasoline blender’s optimal hedging strategy in the presence of ethanol mandates is analyzed. In … incentives would affect blenders’ optimal hedging strategies. Multicommodity hedging method with Lower Partial Moments hedging …

Previous studies identify limited potential efficacy of weather derivatives in hedging agricultural exposures. In … temperature contracts that better weather hedging opportunities exist at higher levels of spatial aggregation. Aggregating …

to past experience. This may assist with making decisions about selective hedging. Likewise, historical evidence may be … useful in evaluating expected returns from the use of put options. Results from simple hedging strategies using either …

volatility, it would actually increase domestic price volatility in developing countries, largely by restricting imports when …

of income. Yet some in this debate have argued that, given the extreme volatility in agricultural commodity markets, the …. Results indicate that the short-run impacts of trade liberalization on poverty are not distinguishable from market volatility …