Sanders, Dwight R.; Irwin, Scott H.; Merrin, Robert P. - In: Applied Economic Perspectives and Policy 32 (2010) 1, pp. 77-94
This paper revisits the "adequacy of speculation" debate in agricultural futures markets using the positions held by index funds in the Commitment of Traders reports. Index fund positions were a relatively stable percentage of total open interest from 2006--2010. Traditional speculative measures...