Guilleminot, Benoît; Ohana, Jean-Jacques; Ohana, Steve - In: Agricultural Economics 45 (2014) 6, pp. 767-792
Through the analysis of the weekly Commodity Futures Trading Commission reports on 12 US traded agricultural commodities, we revisit the heated debate on the impact of index flows on commodities prices. After introducing a novel stock-to-use proxy that may be used to represent inventory...