Spreading, Hedging and Speculating in Forward, Futures and ...

Page 1 <img data-url='document/spreading-hedging-and-speculating-in-forward-futures-and-.html?page=1' data-page='1' class='cut-thumb lazyload' alt='Page 1: Spreading, Hedging and Speculating in Forward, Futures and ...' loading='lazy' src='data:image/gif;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAADUlEQVR42mNk+P+/HgAFhAJ/wlseKgAAAABJRU5ErkJggg==' data-src='https://reader043.cupdf.com/reader043/viewer/2022020910/6200dd43baa400117915bd9e/html5/thumbnails/1.jpg' width='140' height='200' /> Spreading, Hedging and Speculating in Forward,

Futures and Spot Markets

by

Ray Nelson, Dan Aguiar, and Tim Park

Suggested citation format:

Nelson, R., D. Aguiar, and T. Park. 1984. “Spreading, Hedging and Speculating in Forward, Futures and Spot Markets.” Proceedings of the NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management. St. Louis, MO. [http://www.farmdoc.uiuc.edu/nccc134].

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width='140' height='200' /> Page 6 <img data-url='document/spreading-hedging-and-speculating-in-forward-futures-and-.html?page=6' data-page='6' class='cut-thumb lazyload' alt='Page 6: Spreading, Hedging and Speculating in Forward, Futures and ...' loading='lazy' src='data:image/gif;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAADUlEQVR42mNk+P+/HgAFhAJ/wlseKgAAAABJRU5ErkJggg==' data-src='https://reader043.cupdf.com/reader043/viewer/2022020910/6200dd43baa400117915bd9e/html5/thumbnails/6.jpg' width='140' height='200' /> Page 7 <img data-url='document/spreading-hedging-and-speculating-in-forward-futures-and-.html?page=7' data-page='7' class='cut-thumb lazyload' alt='Page 7: Spreading, Hedging and Speculating in Forward, Futures and ...' loading='lazy' src='data:image/gif;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAADUlEQVR42mNk+P+/HgAFhAJ/wlseKgAAAABJRU5ErkJggg==' 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