dc.contributor.author | Franken, Jason R. V. | eng |
dc.contributor.author | Parcell, Joseph L. | eng |
dc.date.issued | 2002 | eng |
dc.description | This draft is dated April 2002. | eng |
dc.description.abstract | Increased use of alternative fuels and low commodity prices have contributed to the recent expansion of the US ethanol industry. As with any competitive industry, there exists some level of output price risk in the form of volatility. Yet, no actively traded ethanol futures market exists to mitigate output price risk. This study reports estimated minimum variance cross-hedge ratios between Detroit spot cash ethanol and the New York Mercantile Exchange (NYMEX) unleaded gasoline futures for 1-, 4-, 8-, 12-, 16-, 20-, 24-, and 28-week hedge horizons. The research suggests that a one-to-one cross-hedge ratio is not appropriate for some horizons. | eng |
dc.identifier.citation | AEWP 2002-9 . Jason R. V. Franken and Joe L. Parcell, "Cash Ethanol Cross-Hedging Opportunities," Department of Agricultural Economics Working Paper No. AEWP 2002-9, April 2002. | eng |
dc.identifier.uri | http://hdl.handle.net/10355/8979 | eng |
dc.language | English | eng |
dc.relation.ispartofcollection | Agricultural Economics publications (MU) | eng |
dc.relation.ispartofcommunity | University of Missouri-Columbia. College of Agriculture, Food and Natural Resources. Division of Applied Social Sciences. Department of Agricultural Economics | eng |
dc.relation.ispartofseries | Department of Agricultural Economics working paper ; no. AEWP 2002-09 | eng |
dc.subject | fuel prices | eng |
dc.subject | ethanol production | eng |
dc.subject | price risk management | eng |
dc.subject.lcsh | Ethanol fuel industry -- Prices | eng |
dc.title | Cash Ethanol Cross-Hedging Opportunities | eng |
dc.type | Working Paper | eng |