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Hedge Ratios and Basis Behavior: An Intuitive Insight?

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  • Shafer, Carl E.

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  • Shafer, Carl E., 1992. "Hedge Ratios and Basis Behavior: An Intuitive Insight?," Faculty Paper Series 257887, Texas A&M University, Department of Agricultural Economics.
    • Handle: RePEc:ags:tamufp:257887
    DOI: 10.22004/ag.econ.257887
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    References listed on IDEAS

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    1. Robert J. Hauser & Philip Garcia & Alan D. Tumblin, 1990. "Basis Expectations and Soybean Hedging Effectiveness," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 12(1), pages 125-136.
    2. Shafer, Carl E. & Griffin, Wade L. & Johnston, Larry D., 1978. "Integrated Cattle Feeding Hedging Strategies, 1972-1976," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 10(2), pages 1-8, December.
    3. Leland L. Johnson, 1960. "The Theory of Hedging and Speculation in Commodity Futures," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 27(3), pages 139-151.
    4. Elam, Emmett & Davis, James, 1990. "Hedging Risk For Feeder Cattle With A Traditional Hedge Compared To A Ratio Hedge," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 22(2), pages 209-216, December.
    5. Marvin L. Hayenga & Dennis D. Dipietre & J. Marvin Skadberg & Ted C. Schroeder, 1984. "Profitable hedging opportunities and risk premiums for producers in live cattle and live hog futures markets," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 4(2), pages 141-154, June.
    6. Shafer, Carl E. & Griffin, Wade L. & Johnston, Larry D., 1978. "Integrated Cattle Feeding Hedging Strategies, 1972-1976," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 10(2), pages 35-42, December.
    7. Daniel S. Tilley & Steven K. Campbell, 1988. "Performance of the Weekly Gulf-Kansas City Hard-Red Winter Wheat Basis," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 70(4), pages 929-935.
    8. Robert J. Myers & Stanley R. Thompson, 1989. "Generalized Optimal Hedge Ratio Estimation," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 71(4), pages 858-868.
    9. Heifner, Richard G., 1972. "Optimal Hedging Levels and Hedging Effectiveness in Cattle Feeding," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 24(2), pages 1-14, April.
    10. Stewart L. Brown, 1986. "A Reformulation of the Portfolio Model of Hedging: Reply," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 68(4), pages 1010-1012.
    11. Kandice H. Kahl, 1983. "Determination of the Recommended Hedging Ratio," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 65(3), pages 603-605.
    12. Naik, Gopal & Leuthold, Raymond M., 1991. "A Note on the Factors Affecting Corn Basis Relationships," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 23(1), pages 147-153, July.
    13. Marvin L. Hayenga & Dennis D. DiPietre, 1982. "Cross-Hedging Wholesale Pork Products Using Live Hog Futures," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 64(4), pages 747-751.
    14. Wendell C. Wood & Carl E. Shafer & Carl G. Anderson, 1989. "Frequency and duration of profitable hedging margins for texas cotton producers, 1980–1986," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 9(6), pages 519-528, December.
    15. Elam, Emmett W. & Davis, James, 1990. "Hedging Risk For Feeder Cattle With A Traditional Hedge Compared To A Ratio Hedge," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 22(2), pages 1-8, December.
    16. Kandice H. Kahl, 1986. "A Reformulation of the Portfolio Model of Hedging: Comment," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 68(4), pages 1007-1009.
    17. Hayenga, Marvin L. & DiPietre, Dennis D. & Skadberg, J. Marvin & Schroeder, Ted C., 1984. "Profit Opportunities and Risk Premiums for Producers in Live Cattle and Live Hog Futures Markets," Staff General Research Papers Archive 11307, Iowa State University, Department of Economics.
    18. Hayenga, Marvin L. & DiPietre, Dennis D., 1982. "Cross-Hedging Wholesale Pork Products Using Live Hog Futures," Staff General Research Papers Archive 11305, Iowa State University, Department of Economics.
    19. Philip Garcia & Raymond M. Leuthold & Mohamed E. Sarhan, 1984. "Basis Risk: Measurement and Analysis of Basis Fluctuations for Selected Livestock Markets," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 66(4), pages 499-504.
    20. David Kenyon & John Clay, 1987. "Analysis of profit margin hedging strategies for hog producers," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 7(2), pages 183-202, April.
    21. Elam, Emmett W., 1988. "Estimated Hedging Risk With Cash Settlement Feeder Cattle Futures," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 13(1), pages 1-8, July.
    22. Naik, Gopal & Leuthold, Raymond M., 1991. "A Note On The Factors Affecting Corn Basis Relationships," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 23(1), pages 1-7, July.
    23. Grant, Dwight, 1989. "Optimal futures positions for corn and soybean growers facing price and yield risk," Technical Bulletins 312296, United States Department of Agriculture, Economic Research Service.
    24. Ederington, Louis H, 1979. "The Hedging Performance of the New Futures Markets," Journal of Finance, American Finance Association, vol. 34(1), pages 157-170, March.
    25. Anne E. Peck, 1975. "Hedging and Income Stability: Concepts, Implications, and an Example," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 57(3), pages 410-419.
    26. Harvey J. Witt & Ted C. Schroeder & Marvin L. Hayenga, 1987. "Comparison of analytical approaches for estimating hedge ratios for agricultural commodities," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 7(2), pages 135-146, April.
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