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Grain Futures Contracts: An Economic Appraisal
Grain Futures Contracts An Economic Appraisal Author:S. Craig Pirrong, David Haddock, Roger C. Kormendi 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 t... more »he efficient performance of a grain futures contract. Both hedging effectiveness and the `informativeness' of futures prices depend upon this linkage.« less