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Substitution between revenue futures and price futures contracts: A note

✍ Scribed by David A. Hennessy

Publisher
John Wiley and Sons
Year
2002
Tongue
English
Weight
65 KB
Volume
22
Category
Article
ISSN
0270-7314

No coin nor oath required. For personal study only.

✦ Synopsis

Abstract

In recent years, commercial interest has been expressed in agricultural revenue insurance instruments.
Participating parties may look to futures markets to offset assumed positions. In this note, conditions are
identified such that revenue futures contracts are perfect substitutes for price futures contracts. If these
conditions approximate reality, then it would seem questionable whether sufficient interest would exist to
sustain markets in both futures contracts. Β© 2002 Wiley Periodicals, Inc. Jrl Fut Mark 22:387–391,
2002

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