Trading in Commodity Futures. A New Standard of Legality?

Commodity Futures: A Japanese Perspective*

We study the basic properties of an equally weighted index of U.S. commodities futures from the perspective of a Japanese investor. We find that the returns on the U.S. equally-weighted commodity futures index maintain their basic properties documented in Gorton and Rousenhorst (2005), when translated into Yen. In particular, looking at returns on Japanese stocks and bonds, the commodity future...

Iii. Objectives and Scope Commodity Futures Trading Commission 17 Cfr Part 151 Aggregation, Position Limits for Futures and Swaps

19 Pet. at 18–21. 20 Pet. at 21. 21 Pet. at 21–25. 22 Id. at 23, citing American-Arab AntiDiscrimination Committee (ADC), 2010 Legal Department: Legal and Policy Review, p. 1. 23 Pet. at 26, citing Alberto Davila and Marie Mora, Changes in Earnings of Arab Men in the U.S., Journal of Population Economics, 2005, vol. 18, issue 4, p. 588. 24 Pet. at 25–27. 25 Pet. at 29. 26 Pet. at 29–31. 27 Purs...

Commodity futures and market efficiency

a r t i c l e i n f o We analyze the market efficiency of 25 commodity futures across various groups—metals, energies, soft commodities , grains and other agricultural commodities. To do so, we utilize the recently proposed Efficiency Index to find out that the most efficient among all of the analyzed commodities is heating oil, closely followed by WTI crude oil, cotton, wheat, and coffee. On t...

The Futures Market: A Valuable Commodity

The agricultural goods futures market has recently regained the interest of corporate business, research institutions, and governments. This renewed interest is brought about by the increasing volatility of the prices of agricultural raw materials. In turn, these reflect the shift that has taken place in the European Union’s joint agricultural policy: from price support to income support and to...

Portfolio Diversification with Commodity Futures: Properties of Levered Futures