Price postponement is an effective mechanism to hedge against the adverse effect of supply
random yield. However, its effectiveness and the resulting production decisions have not …

Facing supply disruptions that often occur in business, firms can increase redundancy
through supplier diversification and manage demand-side problems through responsive …

This study evaluates the viability of forward markets as an alternative to agricultural subsidy
policies under climate risks. We assessed the impact of three distinct strategies, cost …

Basis prediction errors for live cattle in the five major Mandatory Livestock Price Reporting
areas are analyzed to determine how shifts in the live cattle market fundamentals and …

This study estimates the cost of forward contracting corn and soybeans for January and
March delivery from 1980 through 2009. Both corn and soybeans exhibited a downward …

We investigate the implications and interplay of emergency supply and responsive pricing—
two effective strategies to mitigate supply risk—in response to yield randomness with limited …

Many agricultural commodities are traded in both forward and spot markets. This paper
studies the interplay of random yield and forward market in a hybrid market with spot and …

Agricultural producers face significant yield uncertainty which can cause unpredictable
outputs and volatile prices of agricultural commodities. They usually trade those …

The CIF NOLA “river market” represents an important but opaque forward market that serves
Gulf exporters and elevators. CIF NOLA bids function similarly to traditional forward …

This study develops a comprehensive framework to measure, explain, and anticipate the
costs of futures hedging. Using historical futures prices and margin requirements, we …