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

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.

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Year of publication:	2006
Authors:	Manfredo, Mark R. ; Sanders, Dwight R.
Institutions:	Agricultural and Applied Economics Association - AAEA
Subject:	Marketing

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Extent:	application/pdf
Series:	2006 Annual meeting, July 23-26, Long Beach, CA.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2006 Annual meeting, July 23-26, Long Beach, CA Number 21250
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005483740