| ENDNOTES |
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| 1 |
Of course, the farmer still bears the production risk associated
with uncertain crop yields.
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| 2 |
Robertson and Thornton (1997) describe in detail the process
involved in extracting interest rate predictions from the federal funds
futures market.
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| 3 |
Chicago Board of Trade, www.cbot.com.
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| 4 |
New York Mercantile Exchange (NYMEX), www.nymex.com.
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| REFERENCES |
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|
Livingston, Miles. Money and Capital Markets: Financial
Instruments and Their Uses. Englewood Cliffs, N.J.: Prentice-Hall Inc.,
1990.
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Robertson, John C. and Thornton, Daniel L. "Using Federal
Funds Futures Rates to Predict Federal Reserve Actions." Federal Reserve
Bank of St. Louis Review, November/December 1997, Vol. 79, No. 6,
pp. 45-53.
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Tomek, William G. and Robinson, Kenneth L. Agricultural
Product Prices, 2nd Ed., Ithaca: Cornell University Press, 1981. |
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