Abstract
Many economic factors, including temperature, precipitation, changing customer needs, substitute products, and new market participants, are far beyond our control. However, they are key to determining the supply and demand for vital commodities such as corn, wheat, soybeans, soybean meal, soybean oil, rice, and oats.2 As a result of continuously changing global supply and demand for grains and oilseeds, commodity prices can vary substantially from day to day.
Adapted from and based on CBOT Agricultural Markets (2006), “CME commodity trading manual: An introduction to trading CBOT agricultural futures and options” (retrieved: http://gpvec.unl.edu/files/Futures/CME%201%20Commodity%20Trading%20Manual.pdf). All examples in this chapter are drawn from or adapted from CBOT Agricultural Markets (2006), “CME Commodity trading manual: An introduction to trading CBOT agricultural futures and options”. Also the structure of the first part of this chapter is built based on the structure of the same trading manual. See further, CBOT (2006), “Agricultural markets: An introduction to trading
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Notes
Adapted from and based on CBOT Agricultural Markets (2006), “CME commodity trading manual: An introduction to trading CBOT agricultural futures and options” (retrieved: http://gpvec.unl.edu/files/Futures/CME%201%20Commodity%20Trading%20Manual.pdf). All examples in this chapter are drawn from or adapted from CBOT Agricultural Markets (2006), “CME Commodity trading manual: An introduction to trading CBOT agricultural futures and options”. Also the structure of the first part of this chapter is built based on the structure of the same trading manual. See further, CBOT (2006), “Agricultural markets: An introduction to trading CBOT futures and options” (retrieved: http://www.kisfutures.com/CBOTIntroductiontoTradingCBOTAgFutures&Options.pdf). W. D. Purcell (1991), Agricultural Futures and Options: Principles and Strategies (New York: Macmillan), p. 375.
See further, J. B. Bittman (2008), Trading and Hedging with Agricultural Futures and Options, Wiley Trading (Hoboken, NJ: Wiley), p. 353.
B. Yoder (2004), Mastering Futures Trading: An Advanced Course for Sophisticated Strategies, McGraw-Hill Trader’s Edge Series (New York: McGraw-Hill), p. 288.
M. C. Thomsett (2013), Getting started in advanced options (Hoboken, NJ: Wiley), p. 300.
See further, G. Angell (1990), Agricultural Options: Trading Puts and Calls in the New Grain and Livestock Futures Markets (Brightwaters, NY: Windsor Books), p. 230.
www.cme.com or www.cbot.com and www.usda.com. See further, CME commodity products (2007), “An overview of commodity futures and options”. C. Garner (2010), A Trader’s First Book on Commodities (Upper Saddle, NJ: FT Press), p. 244.
CME (1998), Commodity Trading Manual, 9th ed. (New York: Routledge), p. 325.
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© 2014 Luc Nijs
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Nijs, L. (2014). Commodities II: Trading Agricultural Commodities. In: The Handbook of Global Agricultural Markets. Palgrave Macmillan, London. https://doi.org/10.1057/9781137302342_15
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DOI: https://doi.org/10.1057/9781137302342_15
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