The Efficiency of the U.S. Cotton Futures Market (1986-2006): A Test for Normal Backwardation and Identification of Economic Indicators

The cotton futures market was analyzed to determine pricing patterns and explain pricing with an equilibrium asset pricing framework. Results are consistent with the efficient market hypothesis over the long-run. Pricing trends existed within contracts and by seasons. Cotton futures do not show significant risk premiums over other financial assets.

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Year of publication:	2007
Authors:	Salin, Victoria ; Chavez, Marissa ; Robinson, John R.C.
Institutions:	Southern Agricultural Economics Association - SAEA
Subject:	Marketing

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Extent:	application/pdf
Series:	2007 Annual Meeting, February 4-7, 2007, Mobile, Alabama.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2007 Annual Meeting, February 4-7, 2007, Mobile, Alabama Number 34921
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005493658