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Emerging Ip Markets: The Tokyo Grain Exchange Non-Gmo Soybean Contract

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  • Parcell, Joseph L.

Abstract

This research provides an overview of the development of the Tokyo Grain Exchange non-GMO soybean contract as an identity preserved futures contract. The development of this contract is unique, relative to the development of other new futures contracts, in that a mature conventional soybean futures contract exists. Particular attention was given to established necessary conditions for the development of a new futures contract. In evaluating these conditions it was determined that since inception of the Tokyo Grain Exchange non-GMO soybean futures contract the contract has functioned like a mature futures contract. This is unique in comparison to results of other studies evaluating the development of futures contracts. Furthermore, the lack of a well defined and liquid cash non-GMO soybean market does not appear to have hampered the development of the non-GMO futures contract.

Suggested Citation

  • Parcell, Joseph L., 2002. "Emerging Ip Markets: The Tokyo Grain Exchange Non-Gmo Soybean Contract," 2002 Conference, April 22-23, 2002, St. Louis, Missouri 19058, NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management.
    • Handle: RePEc:ags:ncrtwo:19058
    DOI: 10.22004/ag.econ.19058
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    1. Joe L. Parcell & Nicholas G. Kalaitzandonakes, 2004. "Do Agricultural Commodity Prices Respond to Bans against Bioengineered Crops?," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 52(2), pages 201-209, July.

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