The presence of multiple sources of uncertainty complicates hedging decisions. One of these is the output price and its correlation with input prices. The other is how far forward a firm covers its positions. This study analyzes hedging strategies for grain importers as processors. The...

Feed peas are relatively high in energy and protein and compete with other feed grains and protein crops in the livestock feed market. Prior to 1995, a futures market did not exist for this commodity. To meet industry demand for a hedging and forward pricing mechanism, the Winnipeg Commodity...

This paper is Selected for presentation at the Southern Agricultural Economics Association Annual Meeting, Atlanta, Georgia, January 31-February 3, 2009. The research is partially funded by ERS/USDA China Project and Social Science Fund of Jiangsu Province in China. The authors are grateful for...

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Feed peas are relatively high in energy and protein and compete with other feed grains and protein crops in the livestock feed market. Prior to 1995, a futures market did not exist for this commodity. To meet industry demand for a hedging and forward pricing mechanism, the Winnipeg Commodity...

How can Syria benefit from converting specific tariffs into AVEs?

The presence of multiple sources of uncertainty complicates hedging decisions. One of these is the output price and its correlation with input prices. The other is how far forward a firm covers its positions. This study analyzes hedging strategies for grain importers as processors. The...

This Discussion Paper focuses on strategic adjustments made by leading international dairy firms in response to world market developments in the late 1990s and early 2000s. Firms whose strategies were analyzed include Fonterra, Nestle, selected other Western European companies (including the...

This paper is Selected for presentation at the Southern Agricultural Economics Association Annual Meeting, Atlanta, Georgia, January 31-February 3, 2009. The research is partially funded by ERS/USDA China Project and Social Science Fund of Jiangsu Province in China. The authors are grateful for...