This article examines two alternative U S stockpiling objectives In the context of volatile world markets The first objective IS to prevent the US soybean price from falling below a support price and the second IS to bound the U S soybean price by a set of support and release prices A size limit...

The author modified a numerical procedure developed by Cox, Ross, and Rubinstein for valuing options on stocks to value options on commodity futures contracts The numerical procedure, unlike Black's widely used analytical approach, can include the value of early exercise in the option-premium...