Franken, Jason R.V.; Parcell, Joseph L. - In: Journal of Agricultural and Applied Economics 35 (2003) 03
.S. ethanol industry. As with any competitive industry, some level of output price risk exists in the form of volatility; yet, no … actively traded ethanol futures market exists to mitigate output price risk. This study reports estimated minimum variance … cross-hedge ratios between Detroit spot cash ethanol and the New York Mercantile Exchange unleaded gasoline futures for 1 …