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 is given to necessary conditions for 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 functions 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 hamper the development of the non-GMO futures contract.
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Paper provided by University of Missouri Columbia, Department of Agricultural Economics in its series Working Papers with number
26038.
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
Miranowski, John & Moschini, Giancarlo & Babcock, Bruce A. & Duffy, Michael & Wisner, Robert N. & Beghin, John C. & Hayes, Dermot J. & Lence, Sergio H. & Baumel, Phillip C. & Harl, Neil E., 2004.
"Economic Perspectives on GMO Market Segregation,"
Staff General Research Papers
11407, Iowa State University, Department of Economics.
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