Optimal Dynamic Hedging Decisions for Grain Producers
1992
Martinez, Steve W. | Zering, Kelly Douglas
The application of an optimal dynamic hedging model was explored for a county in North Carolina. Corn yield, harvest corn basis, and December corn futures prices were forecast. The forecasts were used to calculate optimal dynamic hedge positions. When the hedge position was updated infrequently, commissions were only slightly higher than commissions from a fixed hedge. Gains from updating the hedge position over the corn growing season were not substantial compared to a fixed hedge position.
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书目信息
出版者
Oxford University Press
其它主题
Growing season; Commodity futures; Corn
语言
英语
注释
Journal article
类型
Journal Article; Text
2024-02-28
MODS