Urcola, Hernan A.; Irwin, Scott H. - 2006
disprove such claims. This research investigates the efficiency of corn and soybean options markets by directly computing …, risk adjusted returns indicate that no profits can be made by taking either side of the corn or soybean options markets …. However, when time effects are analyzed, corn calls appear to have provided excess returns during the 1998--2005 period. This …