Grain Futures Contracts: An Economic Appraisal
By: by S. Craig Pirrong, David Haddock, Roger Kormendi, Michael Brennan, Merton Miller, Richard Roll, Hans Stoll, Lester Telser
Contributors: Haddock, D. R. W. (David R. W.); Kormendi, Roger; Brennan, Michael; Miller, Merton; Roll, Richard; Stoll, Hans; Telser, Lester
Publisher: Springer US
Published: 1993
Place of publication: Boston, MA
Language: eng
Format: [electronic resource] /
Number of pages: 184
ISBN-13: 9781461364238; 9781461532385
Subjects: Farm economics; Economics
Description: This book is an independent scholarly analysis of the economics of the grain futures contracts of the Chicago Board of Trade (CBT), special attention being paid to the recent performance and future prospects of a crucial aspect of grain futures contracts - the delivery process. Delivery links futures and spots markets, and is essential to the efficient performance of a grain futures contract. Both hedging effectiveness and the `informativeness' of futures prices depend upon this linkage.
Notes: Online full text is restricted to subscribers.

Also available in print.

Mode of access: World Wide Web.