A speculative bubble in commodity futures prices? Cross-sectional evidence

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Speculative bubbles in agricultural commodity markets (2013, background): “Irwin et al. (2009) and Sanders and Irwin (2010) also found a number of 'conceptual errors' in the hypothesis that speculation by index funds was behind the commodity bubble.”
Reflections on the Global Food Crisis: how did it happen? how has it hurt? and how can we prevent the next one? (2010, background): “Sanders and Irwin (2010) review theory and evidence.”
The Impact of Index and Swap Funds on Commodity Futures Markets: Preliminary Results (2010, methodology): “Previous time-series studies of lead-lag relationships between index fund market participation and commodity futures returns have conducted tests market-by-market when data on multiple markets is available (e.g., Stoll and Whaley, 2009; Sanders and Irwin, 2010b; Aulerich, Irwin, and Garcia, 2010).”
Testing the Masters Hypothesis in Commodity Futures Markets (2012, result): “Sanders and Irwin (2010, 2011a, 2011b) report similar results for agricultural and energy futures markets.”