The Adequacy of Speculation in Agricultural Futures Markets: Too Much of a Good Thing?

By D. R. Sanders, Scott H. Irwin, R. P. Merrin. 2010

266 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/2e0859baebaf70574a78ef0f7d7736852edb7066

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Citations in the corpus

Safeguarding food security in volatile global markets. (2011, methodology): “In 2008, Sanders, Irwin and Merrin (Sanders et al., 2008) argued that the level of passive index fund investing stabilized after 2005 in agricultural markets and was beneficial in absorbing the short hedging needs of the market.”
Convective Risk Flows in Commodity Futures Markets (2015, background): “…positions of commodity index traders (CITs), a number of recent studies, such as Brunetti and Buyuksahin (2009), Irwin, Sanders, and Merrin (2009), Sanders, Irwin, and Merrin (2010), Stoll and Whaley (2010), Brunetti, Buyuksahin, and Harris (2011), Buyuksahin and Harris (2011), and Hamilton and…”
Speculative bubbles in agricultural commodity markets (2013, background): “However, Irwin et al. (2010) and Sanders and Irwin (2010) have found little evidence that the commodity boom and bust was driven by index funds.”
Market interdependence and volatility transmission among major crops (2016, background): “24 Other proxies for speculation are the percent net long positions held by noncommercial traders and by index traders, and Working’s T speculative index (Sanders, Irwin, and Merrin 2010; Lehecka 2013), although not available at high frequency for our analysis.”
Troubled futures? The global food crisis and the politics of agricultural derivatives regulation (2012, background): “4 For the following arguments (not all of which are in each one of these sources), see, for example, Irwin and Sanders (2010), Sanders et al. (2008), Blanche and Soares (2008), World Bank (2008), Young (2008), and Pirrong (2010).”
Financialization and Structural Change in Commodity Futures Markets (2012, background): “The imprecise definitions surrounding commercial and noncommercial classifications are well known and make these particular classifications problematic when analyzing changing market participation (Ederington and Lee, 2002; Sanders, Boris, and Manfredo, 2004; Sanders, Irwin, and Merrin, 2010).”
A speculative bubble in commodity futures prices? Cross-sectional evidence (2009, background): “Utilizing Working’s speculative “T-index,” Sanders, Irwin, and Merrin (2008) demonstrate that the level of speculation in nine commodity futures markets from 2006-2008 (adjusting for index fund positions) was not excessive.”
Trade Barrier Volatility and Agricultural Price Stabilization (2012, background): “A further simulation exercise by Tyers (1991) suggests that between three-fifths and three-quarters of the global cost of agricultural protection in high-income countries in the early 1980s was due to the insulating component of their policies.”
International Grain Reserves and Other Instruments to Address Volatility in Grain Markets (2009, unknown): “See Slayton (2009) for a colorful account of the rice market in this period.”