The Efficiency of the U.S. Cotton Futures Market (1986-2006): A Test for Normal Backwardation and Identification of Economic Indicators Report uri icon

abstract

  • The cotton futures market was analyzed to determine pricing patterns and explain pricing with an equilibrium asset pricing framework. Results are consistent with the efficient market hypothesis over the long-run. Pricing trends existed within contracts and by seasons. Cotton futures do not show significant risk premiums over other financial assets.

author list (cited authors)

  • Salin, V., Chavez, M., & Robinson, J.

complete list of authors

  • Salin, V||Chavez, M||Robinson, JRC

Book Title

  • 2007 Annual Meeting, February 4-7, 2007, Mobile, Alabama

publication date

  • January 2007