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Persistent link: https://www.econbiz.de/10005525534
Basis risk can play a significant role in the determination of effective hedging strategies. In this paper a portfolio framework is developed to examine the effect of basis risk on hedging strategies for Australian wheat exports. Monthly data for the period 1977 to 1984 were used to implement...
Persistent link: https://www.econbiz.de/10005220705
and the impact of the year of marketing are also modelled. The consequent marketing implications for producers and …
Persistent link: https://www.econbiz.de/10005525549
premiums. The implications of the results for wheat marketing and trade are explored. …
Persistent link: https://www.econbiz.de/10005330548
In this paper the foundations on which the predictive interpretation of futures prices rests are discussed, and possible reasons for the differential predictive performance of futures prices as between different commodity markets examined. The predictive performances of futures, and spot prices...
Persistent link: https://www.econbiz.de/10005525494
The New South Wa1es Milk Board was brought into being in 1929, as a result of producer action, to bring order into a highly disorganised market situation. The retailing of milk had been extremely competitive, milk supply and hence milk price had been erratic and hygiene had been a matter of...
Persistent link: https://www.econbiz.de/10005493263
basic facts about the wool market, which must always be borne in mind in any discussion of wool marketing. And the method … will be to describe existing marketing systems briefly, and then to examine some of the circumstances which place … of these principles. Another reason is that wool marketing is a good example of a subject which calls for a blend of both …
Persistent link: https://www.econbiz.de/10005493338
The market for Australian prime lamb is characterised by high production seasonality and a highly competitive retail demand. Because these factors often translate into substantial market variability, regular forecasts of supply and demand are important requirements of lamb market participants....
Persistent link: https://www.econbiz.de/10005805643
Evidence is provided on the extent to which wheat price policies operating over the period 1953-54 to 1983-84 achieved objectives related to the levels and stability of key industry variables. The general findings are that the levels of achievement have been modest and that trade-offs have been...
Persistent link: https://www.econbiz.de/10005805718
Quarterly data from 1962 to 1983 for beef, lamb, mutton, pig meat and poultry were used to test for constancy in the structure of meat demand in Australia. The cumulative sum, cumulative sum of squares and Farley-Hinich tests were applied to a range of models to ensure that any rejection of...
Persistent link: https://www.econbiz.de/10005525490