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CASH ETHANOL CROSS-HEDGING OPPORTUNITIES

Franken, Jason R.V.; Parcell, Joseph L. - 2002

Increased use of alternative fuels and low commodity prices have contributed to the recent expansion of the ethanol industry. As with any competitive industry, there exists some level of output price risk in the form of volatility. Yet, no actively traded ethanol futures market exists to...

Persistent link: https://www.econbiz.de/10009442418

WEATHER DERIVATIVES: CONCEPT AND APPLICATION FOR THEIR USE IN SOUTH AFRICA

Geyser, J.M. - 2004

Recent innovations in energy markets suggest the possibility of addressing agricultural risk factors by issuing derivatives on weather elements. Such instruments appear particularly attractive, as asymmetric information and loss adjustment issues do not affect them. The paper first describes the...

Persistent link: https://www.econbiz.de/10009443140

Dynamic Effects of Grain and Energy Prices on the Catfish Feed and Farm Sectors

Muhammad, Andrew; Zheng, Hualu - 2010

This study examines the dynamic effects of grain prices and energy prices on catfish feed prices and the price of food-sized catfish at the farm level. Using the autoregressive distributed lag model and bounds testing procedure, a long-run relationship between feed and farm prices and their...

Persistent link: https://www.econbiz.de/10009443771

HIGH PRICE VOLATILITY AND SPILLOVER EFFECTS IN ENERGY MARKETS

Singh, Aaron; Karali, Berna; Ramirez, Octavio A. - 2011

We analyze time-varying volatility in crude oil, heating oil, and natural gas futuresmarkets by incorporating changes in important macroeconomic variables and majorpolitical and weather-related events in conditional variance equations. We allow eachmarket to respond to positive news different...

Persistent link: https://www.econbiz.de/10009444321

Does Price Asymmetry Exist In Commodity and Energy Markets?

Wixson, Sarah E.; Katchova, Ani L. - 2011

Recent increases in the price of crude oil have led to a rise in the prominence of corn-based ethanol as an alternative source of energy. As a result linkages have been established between commodity and energy prices. The aim of this study is to determine if soybeans, corn, wheat, oil, and...

Persistent link: https://www.econbiz.de/10009444334

Inventory Dissipation in the Japanese Wholesale Salmon Market

Roheim Wessells, Cathy A.; Wilen, James E. - 1993

Many fisheries are characterized by a brief and concentrated harvest period followed by a longer marketing period … wholesalemarket over the marketing period in a way that maximizes expected net returns.The model is applied to the Japanese wholesale … prices, the opportunity cost of holding stocks, the length of time left in the marketing horizon and the level ofcurrent …

Persistent link: https://www.econbiz.de/10009444651

Has Imported Rice Crowded-out Domestic Rice Production in Ghana? What has Been the Role of Policy?

Asuming-Brempong, Samuel; Osei-Asare, Yaw Bonsu - 2008

Commercial rice imports have accounted for approximately 61%, food aid in rice accounted for about 2%, and domestic rice accounted for some 37% per annum of rice consumption in Ghana over the four years between 2000 and 2003. Compared to the 1990s, these figures show a gradual decline in the...

Persistent link: https://www.econbiz.de/10009444870

Analysis of U.S. Catfish Fillet Market Share Using a Flexible Logistic Model

Quagrainie, Kwamena K. - 2006

This paper forecasts market share for U.S. frozen, farm-raised catfish fillets using alternative logit formulations. Results suggest the log inverse power transformation (IPT) performs better than the simple logit and IPT logit models, and had the smallest percentage errors for out-of-sample...

Persistent link: https://www.econbiz.de/10009445072

Spot, Bilateral and Futures Trading in Electricity Markets. Implications for Stability

Termini, Valeria; Cavallo, Laura - 2007

The design of wholesale electricity markets in the transition towards liberalization presents significant differences from country to country. Some spot markets have imposed the concentration of transactions to ensure market liquidity. Other markets are based on bilateral trading. The debate...

Persistent link: https://www.econbiz.de/10009445537

Biodiesel and vegetable oil market in European Union: some evidences from threshold cointegration analysis

Peri, Massimo; Baldi, Lucia - 2008

In this paper we analyse the long-runrelationships between vegetable oils prices andconventional diesel price in EU during the period 2005-2007. We utilise recent developments on thresholdcointegration approach to investigate if asymmetricdynamic adjusting processes exist among rapeseed...

Persistent link: https://www.econbiz.de/10009445687