Potential world trade in a futures contract for shelled edible peanuts

Bill Miller, Brian J. Smith and F. W. Williams
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Brian J. Smith: Former Graduate Assistant in Agricultural Economics at the University of Georgia, Postal: Former Graduate Assistant in Agricultural Economics at the University of Georgia
F. W. Williams: Professor of Agricultural Economics at the University of Georgia, Postal: Professor of Agricultural Economics at the University of Georgia

Agribusiness, 1986, vol. 2, issue 1, 21-32

Abstract: This study reports the result of a world-wide survey showing favorable interest in a peanut futures contract (20 metric tons). A US exchange was preferred with possible delivery points in Savannah and Rotterdam. Hedging contracts were estimated to be 52,000 contracts annually with speculative contracts estimated to range from a low of 16,000 to as high as 303,000. This was judged to be the minimum volume for a successful contract and would be expected to increase significantly if the US price support program is abandoned. Thirty-seven percent of peanuts handled in the market were under the control of five firms. This level of concentration was noted as a problem by a majority of survey respondents and is considered to be a major factor in contract potential.

Date: 1986
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Persistent link: https://EconPapers.repec.org/RePEc:wly:agribz:v:2:y:1986:i:1:p:21-32

DOI: 10.1002/1520-6297(198621)2:1<21::AID-AGR2720020103>3.0.CO;2-R

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