Inventory and Transformation Hedging Effectiveness in Corn Crushing
| dc.creator | Dahlgran, Roger A. | |
| dc.date | 2017-04-01T20:12:52Z | |
| dc.date.accessioned | 2026-07-09T04:46:19Z | |
| dc.description | Recently developed ethanol futures contracts now allow direct-hedging by ethanol producers. This study examines the effectiveness of one-through eight-week hedges between 2005 and 2008. Our findings show (a) ethanol inventory hedging effectiveness is significant for two-week and longer hedges, and increases with the hedging horizon; (b) ethanol futures are significantly superior to gasoline futures for hedging ethanol price risk for two-week and longer hedges; (c) the corn crushing hedge, utilizing corn and ethanol futures, is effective and provides price risk management capabilities comparable to those provided by the soybean crush hedge. | |
| dc.identifier | doi:10.22004/ag.econ.50081 | |
| dc.identifier | https://ageconsearch.umn.edu/record/50081/files/Dahlgran.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/50081 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/554695 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/50081 | |
| dc.title | Inventory and Transformation Hedging Effectiveness in Corn Crushing | |
| dc.type | Text |