858322
9780792393276
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.Pirrong, S. Craig is the author of 'Grain Futures Contracts An Economic Appraisal' with ISBN 9780792393276 and ISBN 0792393279.
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