Long-term relationship of crude palm oil commodity pricing under structural break
نویسندگان
چکیده
منابع مشابه
the pricing of Crude Oil
The crude oil market is significantly larger than that for any other commodity, both in terms of physical production and financial market activity (Table 1). The value of crude oil production is more than twice that of coal and natural gas, 10 times that of iron ore and almost 20 times that of copper. Crude oil is the most widely used source of fuel, supplying around one-third of the world’s en...
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This paper investigated the hedging effectiveness of crude palm oil futures market in Malaysia from January 2009 to June 2011 which traded under Bursa Malaysia Derivatives Berhad. Ordinary Least Squared (OLS) method was used to compute Minimum-Variance hedging ratio (MVHR), R-squared and hedging effectiveness by using daily data from settlement price of crude palm oil futures contracts and spot...
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In this paper, we investigate cross-correlations between crude oil and agricultural commodity markets. Based on a popular statistical test proposed by Podobnik et al. (2009), we find that the linear return cross-correlations are significant at larger lag lengths and the volatility cross-correlations are highly significant at all of the lag lengths under consideration. Using a detrended cross-co...
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This paper examines the forward pricing efficiency of the local crude palm oil (CPO) futures market. In an efficient market, the relevant signal to be used by -the producers, traders and processors is simply the futures price. The forward pricing efficiency is measured in terms of the forecasting ability of Malaysian crude palm oil futures price on physical price. The relative predictive power ...
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Oil dispersants, the tool of choice for treating oil spills in tropical marine environments, is potentially harmful to marine life, including reef corals. In a previous study, we found that dispersed oil and oil dispersants are harmful to soft and hard coral species at early life stages. In this broader study, we employed a "nubbin assay" on more than 10 000 coral fragments to evaluate the shor...
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ژورنال
عنوان ژورنال: Journal of Capital Markets Studies
سال: 2018
ISSN: 2514-4774
DOI: 10.1108/jcms-09-2018-0032