Agricultural futures and options : a guide to using North American and European markets /
Agricultural futures and options has been written for the potential and actual users of agricultural futures markets but should also provide a useful introduction to the more academic students of the subject. Divided into three parts, the first examines the North American markets with chapters on Ch...
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| Format: | eBook |
| Language: | English |
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Cambridge :
Woodhead,
1992.
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| Subjects: | |
| Online Access: | Connect to the full text of this electronic book |
Table of Contents:
- Machine generated contents note: pt. 1 The North American markets
- 1.Introduction to the Chicago agricultural futures markets / Alan Blair
- The exchanges
- Scale of operations
- What is a futures contract and what is a futures exchange?
- Who uses the agricultural futures markets and why?
- Going long and short in a futures market
- How is business conducted on the futures markets?
- Regulatory surveillance
- 2.Definitions / Alan Blair
- Clearing house
- Clearing member firms
- Margin
- Open interest
- Carry-over
- Carrying-charge market and inverse market
- Limit
- Soyabean crush spreads
- 3.Hedgers / Alan Blair
- The hedger as middle-man
- The concept of `basis'
- Price risk
- Hedging and the insurance analogy
- Wheat futures
- Movement in basis values
- Wheat
- a different story
- The four CME agri-contracts
- 4.Commodity Trading Advisors / Alan Blair
- Recent expansion
- The move towards speculator-driven markets
- Note continued: Technical and fundamental analysis
- 5.Options on agricultural futures / Alan Blair
- Call and put options
- Options and the insurance analogy
- The cost of buying options
- Risk management
- Time value and volatility
- Strike prices
- Exercising of options
- A speculative option
- the long strangle
- 6.New York markets / Donald Spence
- History of the NYCSCE
- Screen-based and open outcry trading
- Hedgers and speculators
- New developments in coffee
- How does the Euro-Differential contract trade?
- Roaster's action and results
- Sugar contracts
- The cocoa contract
- 7.The Winnipeg Commodity Exchange / Richard Duncan
- pt. 2 The European markets
- 8.Soft commodities and the London Fox / Donald Spence
- Cocoa
- Coffee
- Sugar
- 9.The London Grain Futures Market / Michael Engelbach
- History of the LGFM
- The UK grain market
- Players in the market
- The grain futures market
- Trading
- Delivery
- Regulation
- Turnover
- Note continued: Developments for the future
- 10.Meat futures / Peter Boswell
- History of the LMFE
- The beef market
- Cash setlement contract
- Meat futures contracts
- How the meat futures markets can be used?
- 11.Potato futures / John Adcroft
- The potato year
- Earlies
- The role of the Potato Marketing Board
- The London Potato Futures Market
- The potato trade within Europe
- 12.Soyabean meal futures / Clive Baxter
- History
- Soyabean meal
- Hi Pro
- Hedging on the Soyabean Meal Futures Market
- pt. 3 Investing and investor protection
- 13.Opening and servicing an account from a United Kingdom viewpoint / James Davidson
- Who are the brokers?
- How do you find out about the brokers?
- Which one?
- What should you ask for?
- What should you have talked about before trading?
- What should you understand before trading?
- How do you open the account?
- Can you start trading?
- 14.Regulation / Richard Duncan.