Pre-harvest Hedging Behavior and Market Timing Performance of Private Market Advisory Services

Joae Martines- Martines-Filho and Scott H. Irwin

No 285637, 1981-1999 Conference Archive from NCR-134/ NCCC-134 Applied Commodity Price Analysis, Forecasting, and Market Risk Management

Abstract: Market advisory services are one the major providers of marketing information to agricultural producers. However, limited objective evidence exists regarding the hedging behavior and value of marketing information provided by these firms. .In this study, the pre-harvest hedging behavior and market timing ability of six market advisory services are examined. Daily data on recommended corn and soybean futures and options bedging positions are available for the 1991-1994 pre-harvest seasons. The analysis of hedging behavior resulted in a number of interesting findings. For example, the services use a wide array of bedging positions, mostly short, sometimes long, and both futures and options are employed. Also, there is substantial time series variation in the hedge recommendations.

Keywords: Marketing (search for similar items in EconPapers)
Date: 1995-04
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/285637/files/confp20-95.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:nc8191:285637

DOI: 10.22004/ag.econ.285637

Access Statistics for this paper

More papers in 1981-1999 Conference Archive from NCR-134/ NCCC-134 Applied Commodity Price Analysis, Forecasting, and Market Risk Management
Bibliographic data for series maintained by AgEcon Search ().