Against the well-established fact that the usefulness and suitability of futures trading in developing the underlying agricultural commodity market, especially in an agriculture-based country like India are been questioned by various bodies. Through this work, it has been analyzing the role of...

Previous literature on price discovery in commodity markets is mainly focused on the question of whether the spot or the futures market dominates the price discovery process. Little attention, however, has been paid to the question of how the price discovery process is affected by futures...

We examine how media coverage of fluctuations in the price of agricultural commodities affects these prices and their volatility. We develop a unified empirical framework to analyze the media's effects on both returns and volatility using insights from the literature. We use daily prices of...