Recent Convergence Performance of Futures and Cash Prices for Corn, Soybeans, and Wheat

Linwood Hoffman ; Nicole Aulerich

United States Department of Agriculture

关键词: Agricultural commodity futures;    convergence;    futures and cash prices;    futures contract;    delivery markets;    storage rates;    corn;    soybeans;    wheat;   

RP-ID  :  FDS-13L-01

学科分类：农业科学（综合）

美国|英语

来源: United States Department of Agriculture Publications

【 摘 要 】

From 2005 to 2011, wheat, corn, and soybean futures contracts were affected by growing discrepancies between expiring futures prices and cash prices--a problem known as non-convergence. In response, the futures exchanges modified their contracts to better reflect market conditions. Those modifications appear to have improved convergence in these markets since 2011.