Trading in Onion Futures: Effect on Cash Prices

Edward Jesse

No 324721, Miscellaneous Publications from United States Department of Agriculture, Economic Research Service

Abstract: Futures trading in perishable commodities has frequently been cited as having undesirable effects on cash market prices. This article reports the results of an extensive study of the behavior of cash market prices for dry onions, a perishable commodity which was traded on the Chicago Mercantile Exchange from 1942 until a Congressional ban on trading became effective in 1959. The study detected no differences in cash onion price performance between periods before, during, and after trading.

Keywords: Crop Production/Industries; Demand and Price Analysis; Marketing (search for similar items in EconPapers)
Pages: 9
Date: 1973-02
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersmp:324721

DOI: 10.22004/ag.econ.324721

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