While considerable research has estimated liquidity costs of futures trading, little comparable research is available about options markets. This study determines effective bid-ask spreads in options and futures markets for Kansas City Board of Trade (KCBT) wheat. Effective bid-ask spreads are...

There is no success without errors. Three keys to success are to learn from your errors, to learn from successful people, and to have mentors or role models whose advice and counsel you may follow to minimize errors. It takes more than knowledge and skill to develop a successful Cooperative...

Much agricultural economics research has been dedicated to determining the best time for producers to sell their commodities. Unlike this past research, we look at how producers actually sell commodities. The extent to which producers display an active or mechanical marketing style is measured...