Hostname: page-component-cd9895bd7-dzt6s Total loading time: 0 Render date: 2024-12-25T04:53:48.752Z Has data issue: false hasContentIssue false
  • English
  • Français

Simple and Multiple Cross-Hedging of Rice Bran

Published online by Cambridge University Press:  28 April 2015

Emmett W. Elam ,
Stephen E. Miller  and
Shelby H. Holder
Emmett W. Elam
Affiliation:
Department of Agricultural Economics, University of Arkansas
Stephen E. Miller
Affiliation:
Department of Agricultural Economics and Rural Sociology, Clemson University
Shelby H. Holder
Affiliation:
Economic Research Service, USDA
Get access Rights & Permissions [Opens in a new window]

Abstract

Feasibility of forward pricing sales of rice bran via cross-hedging was investigated. Corn, oats, wheat, and soybean meal futures were considered as simple and multiple cross-hedging media. Simulation results indicated that simple cross-hedging using corn futures would be most effective in reducing price risks.

Keywords

rice brancross-hedgingcorn futures
Type
Submitted Articles
Information
Journal of Agricultural and Applied Economics , Volume 18 , Issue 1 , July 1986 , pp. 123 - 128
Copyright
Copyright © Southern Agricultural Economics Association 1986

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Anderson, R. W. and Danthine, J. P.. “Cross Hedging.“ J. Pol. Econ., 89,6(1981): 1,182–1,196.Google Scholar
Hayenga, M. L. and DiPietre, D. D.. “Cross-Hedging Wholesale Pork Products Using Live Hog Futures.” Amer. J. Agr. Econ., 64,4(1982a):747–751.Google Scholar
Hayenga, M. L. and DiPietre, D. D.. “Hedging Wholesale Meat Prices: Analysis of Basis Risk.” J. Futures Markets. 2,2(1982b):131–140.Google Scholar
Hieronymus, T. A. Economics of Futures Trading for Commercial and Personal Profit (2nd Ed.). New York: Commodity Research Bureau, Inc., 1977.Google Scholar
Miller, S. E. “Beef Price Hedging Opportunities for Food Service Institutions.” J. Food Dist. Res., 11,1(1980):29–34.Google Scholar
Miller, S. E. “Forward Pricing Distillers Dried Grains.” Feedstuff. 54,l6(1982a):26–27.Google Scholar
Miller, S. E.. “Forward Pricing Feeder Pigs.” J. Futures Markets. 2,4(1982b):333–340.Google Scholar
Miller, S. E. and Luke, D. B.. “Alternative Techniques for Cross Hedging Wholesale Beef Prices.” J. Futures Markets. 2,2(1982). 121–129.Google Scholar
Peck, Anne E. “Hedging and Income Stability: Concepts, Implications, and an Example.” Amer. J. Agr. Econ., 57,3(1975):410–419.Google Scholar
Tomek, W. G. and Gray, R. W.. “Temporal Relationships Among Prices on Commodity Futures Markets: Their Allocation and Stabilizing Roles.” Amer. J. Agr. Econ., 52,3(1970):371–380.Google Scholar
U. S. Department of Agriculture, Agricultural Marketing Service. Weekly Rice Market News. various issues.Google Scholar