-- Introduction. -- Value of Storage and Logistics. -- Futures and Derivatives Markets. -- Hedging. -- Strategic Hedging Approaches for Grain and Oilseed Producers and End Users. -- Basis Futures & Cash. -- Market Curve. -- Position Management. -- Rolling Contracts. -- Processing Margins. --...

Purpose – Pricing densities implied from options on live cattle futures show a persistent and negative skew. The purpose is to examine whether the skew can be explained, in part, by peso-type problems. Design/methodology/approach –Two announcements of bovine spongiform encephalopathy (BSE)...

Evidence of distortions is found in commodity options premiums around informational events. Option Greeks are used to uncover the nature of these distortions in terms of underlying factors. Both changes in underlying futures prices and implied volatility are mispriced.