Recent Convergence Performance of Futures and Cash Prices for Corn, Soybeans, and Wheat

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英文名称：

Recent Convergence Performance of Futures and Cash Prices for Corn, Soybeans, and Wheat

作者：

Linwood Hoffman; Nicole Aulerich

工作单位：

USDA's Economic Research Service

来源地址：

https://www.ers.usda.gov/publications/pub-details/?pubid=36694

关键词：

Agricultural commodity futures;  convergence;  futures and cash prices;  futures contract;  delivery markets;  storage rates;  corn;  soybeans;  wheat; 

年份：

2013

出版地：

Washington, DC, USA

总页数：

21 pp

语种：

English

摘要：

From 2005 to 2011, wheat, corn, and soybean futures contracts were affected by growing discrepancies between expiring futures prices and cash prices--a problem known as non-convergence. In response, the futures exchanges modified their contracts to better reflect market conditions. Those modifications appear to have improved convergence in these markets since 2011.