An analysis of preharvest soybean marketing strategies in louisiana using forward and futures contracts

T. P. Zacharias, D. A. Zaunbrecher, H. D. Traylor and B. E. McManus
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T. P. Zacharias: Department of Agricultural Economics and Agribusiness, Louisiana Agricultural Experiment Station, Louisiana State University Agricultural Center, Baton Rouge, Postal: Department of Agricultural Economics and Agribusiness, Louisiana Agricultural Experiment Station, Louisiana State University Agricultural Center, Baton Rouge
D. A. Zaunbrecher: Department of Agricultural Economics and Agribusiness, Louisiana Agricultural Experiment Station, Louisiana State University Agricultural Center, Baton Rouge, Postal: Department of Agricultural Economics and Agribusiness, Louisiana Agricultural Experiment Station, Louisiana State University Agricultural Center, Baton Rouge
H. D. Traylor: Department of Agricultural Economics and Agribusiness, Louisiana Agricultural Experiment Station, Louisiana State University Agricultural Center, Baton Rouge, Postal: Department of Agricultural Economics and Agribusiness, Louisiana Agricultural Experiment Station, Louisiana State University Agricultural Center, Baton Rouge
B. E. McManus: Department of Agricultural Economics and Agribusiness, Louisiana Agricultural Experiment Station, Louisiana State University Agricultural Center, Baton Rouge, Postal: Department of Agricultural Economics and Agribusiness, Louisiana Agricultural Experiment Station, Louisiana State University Agricultural Center, Baton Rouge

Agribusiness, 1987, vol. 3, issue 4, 413-426

Abstract: The purpose of this article is to analyze forward and futures contracts as preharvest soybean marketing alternatives. The effects of location, fraction of the crop contracted, and date of contract are examined. Results indicate that both forward and futures prices perform better than cash sales at harvest. In general, forward and futures price distributions had higher means, lower variances, and higher minimum values relative to cash sale at harvest. Only minor differences were observed across locations.

Date: 1987
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Persistent link: https://EconPapers.repec.org/RePEc:wly:agribz:v:3:y:1987:i:4:p:413-426

DOI: 10.1002/1520-6297(198724)3:4<413::AID-AGR2720030407>3.0.CO;2-U

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