Contribution to Price Discovery in the Forest Product Market: Futures, Forwards, and Spot Markets

Mark Manfredo and Dwight R. Sanders

No 21250, 2006 Annual meeting, July 23-26, Long Beach, CA from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: This research examines the lead-lag relationships between futures prices, prices from a cash forward market, and spot prices for two forest product markets. Results suggest that for 2x4 lumber, the forward market provides some level of price discovery, but futures play a dominant price discovery role for oriented strand board.

Keywords: Marketing (search for similar items in EconPapers)
Pages: 26
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea06:21250

DOI: 10.22004/ag.econ.21250

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