| dc.contributor.author | Yoon, Byung-Sam | |
| dc.contributor.author | Brorsen, B. Wade | |
| dc.date.accessioned | 2015-10-16T20:47:46Z | |
| dc.date.available | 2015-10-16T20:47:46Z | |
| dc.date.issued | 2002-12 | |
| dc.identifier | okds_Brorsen_JAAE_2002-12 | |
| dc.identifier.citation | Yoon, B.-S., & Brorsen, B. W. (2002). Market inversion in commodity futures prices. Journal of Agricultural and Applied Economics, 34(3), 459-476. https://doi.org/10.1017/S107407080000924X | |
| dc.identifier.uri | https://hdl.handle.net/11244/19785 | |
| dc.description.abstract | In an inverted market, current prices are higher than future prices and thus the price of storage is negative. Market inversions as measured with futures spreads rarely occur during early months of the crop year. However, market inversions frequently occur across crop years and near the end of the crop year. In the last half of the crop year, market inversions clearly reflect a signal to sell stocks. Too few inversions occur early in the crop year to reach a definitive conclusion for that period. Behavioral finance offers possible explanations of why producers would hold stocks in an inverted market. | |
| dc.format | application/pdf | |
| dc.language | en_US | |
| dc.publisher | Cambridge University Press | |
| dc.rights | This material has been previously published. In the Oklahoma State University Library's institutional repository this version is made available through the open access principles and the terms of agreement/consent between the author(s) and the publisher. The permission policy on the use, reproduction or distribution of the material falls under fair use for educational, scholarship, and research purposes. Contact Digital Resources and Discovery Services at lib-dls@okstate.edu or 405-744-9161 for further information. | |
| dc.title | Market inversion in commodity futures prices | |
| osu.filename | okds_Brorsen_JAAE_2002-12.pdf | |
| dc.description.peerreview | Peer reviewed | |
| dc.identifier.doi | 10.1017/S107407080000924X | |
| dc.description.department | Agricultural Economics | |
| dc.type.genre | Article | |
| dc.type.material | Text | |
| dc.subject.keywords | convenience yield | |
| dc.subject.keywords | cost of carry | |
| dc.subject.keywords | market inversion | |
