PRICE DISCOVERY IN THE FUTURES AND CASH MARKET FOR SUGAR

Delroy Armstrong, Hector O. Zapata and T. Randall Fortenbery

No 35239, 2003 Annual Meeting, February 1-5, 2003, Mobile, Alabama from Southern Agricultural Economics Association

Abstract: Pricing function using world sugar futures (WSF) has received limited research interest. Findings indicate that WSF and cash prices for the Dominican Republic appears cointegrated with changing relationships. Previous work suggests that futures markets price the cheapest quality of commodities deliverable on contracts. Cointegration results are consistent with this argument.

Keywords: Marketing (search for similar items in EconPapers)
Pages: 15
Date: 2003
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:saeatm:35239

DOI: 10.22004/ag.econ.35239

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