EMERGING IP MARKETS: THE TOKYO GRAIN EXCHANGE NON-GMO SOYBEAN CONTRACT

Joe Parcell ()

No 26038, Working Papers from University of Missouri Columbia, Department of Agricultural Economics

Abstract: This research provides an overview of the development of the Tokyo Grain Exchange non-GMO soybean contract as an identity preserved futures contract. The development of this contract is unique, relative to the development of other new futures contracts, in that a mature conventional soybean futures contract exists. Particular attention is given to necessary conditions for development of a new futures contract. In evaluating these conditions it was determined that since inception of the Tokyo Grain Exchange non-GMO soybean futures contract, the contract functions like a mature futures contract. This is unique in comparison to results of other studies evaluating the development of futures contracts. Furthermore, the lack of a well defined and liquid cash non-GMO soybean market does not appear to hamper the development of the non-GMO futures contract.

Keywords: Marketing (search for similar items in EconPapers)
Pages: 32
Date: 2002
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Citations: View citations in EconPapers (1)

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Working Paper: EMERGING IP MARKETS: THE TOKYO GRAIN EXCHANGE NON-GMO SOYBEAN CONTRACT (2002)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:umcowp:26038

DOI: 10.22004/ag.econ.26038

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