An Analysis of the Performance of the Diammonium Phosphate Futures Contract

Keith Bollman and Sarahelen Thompson

No 285672, 1981-1999 Conference Archive from NCR-134/ NCCC-134 Applied Commodity Price Analysis, Forecasting, and Market Risk Management

Abstract: This paper investigates the price relationships between diammonium phosphate cash and futures prices to evaluate pricing and risk management in the fertilizer industry, the potential demand for hedging within the industry, and the price linkages through the market system. The results indicate poor market integration among the DAP cash and futures markets. The results also show the current DAP futures contract behaves as a forward contract with a high rate of delivery causing the contract to be a poor hedging tool.

Keywords: Marketing (search for similar items in EconPapers)
Date: 1996-04
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Persistent link: https://EconPapers.repec.org/RePEc:ags:nc8191:285672

DOI: 10.22004/ag.econ.285672

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