New Hedging Techniques to Reduce Cotton Price Risk
The futures market provides an effective medium for mitigating price risk, but it sometimes functions imperfectly. This article illuminates these market imperfections and shows how to reduce price risk by avoiding them.
price, cotton, future, market, hedging, risk, grower
Smith, Aaron. 2004. "New Hedging Techniques to Reduce Cotton Price Risk." ARE Update 8(1): 1-3. University of California Giannini Foundation of Agricultural Economics.