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Market Efficiency and Marketing to Enhance Income of Crop Producers by Carl R. Zulauf and Scott H. Irwin Suggested citation format: Zulauf, C. R., and S. H. Irwin. 1997. “Market Efficiency and Marketing to Enhance Income of Crop Producers.” Proceedings of the NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management. Chicago, IL. [http://www.farmdoc.uiuc.edu/nccc134].

Market Efficiency and Marketing to Enhance Income of Crop … · 2007. 5. 3. · In a contango, the reverse is true, and the expected price is higher than the realized price. Hence,

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Page 1: Market Efficiency and Marketing to Enhance Income of Crop … · 2007. 5. 3. · In a contango, the reverse is true, and the expected price is higher than the realized price. Hence,

Market Efficiency and Marketing to

Enhance Income of Crop Producers

by

Carl R. Zulauf and Scott H. Irwin

Suggested citation format:

Zulauf, C. R., and S. H. Irwin. 1997. “Market Efficiency and Marketing to Enhance Income of Crop Producers.” Proceedings of the NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management. Chicago, IL. [http://www.farmdoc.uiuc.edu/nccc134].

Page 2: Market Efficiency and Marketing to Enhance Income of Crop … · 2007. 5. 3. · In a contango, the reverse is true, and the expected price is higher than the realized price. Hence,
Page 3: Market Efficiency and Marketing to Enhance Income of Crop … · 2007. 5. 3. · In a contango, the reverse is true, and the expected price is higher than the realized price. Hence,
Page 4: Market Efficiency and Marketing to Enhance Income of Crop … · 2007. 5. 3. · In a contango, the reverse is true, and the expected price is higher than the realized price. Hence,
Page 5: Market Efficiency and Marketing to Enhance Income of Crop … · 2007. 5. 3. · In a contango, the reverse is true, and the expected price is higher than the realized price. Hence,
Page 6: Market Efficiency and Marketing to Enhance Income of Crop … · 2007. 5. 3. · In a contango, the reverse is true, and the expected price is higher than the realized price. Hence,
Page 7: Market Efficiency and Marketing to Enhance Income of Crop … · 2007. 5. 3. · In a contango, the reverse is true, and the expected price is higher than the realized price. Hence,
Page 8: Market Efficiency and Marketing to Enhance Income of Crop … · 2007. 5. 3. · In a contango, the reverse is true, and the expected price is higher than the realized price. Hence,
Page 9: Market Efficiency and Marketing to Enhance Income of Crop … · 2007. 5. 3. · In a contango, the reverse is true, and the expected price is higher than the realized price. Hence,
Page 10: Market Efficiency and Marketing to Enhance Income of Crop … · 2007. 5. 3. · In a contango, the reverse is true, and the expected price is higher than the realized price. Hence,
Page 11: Market Efficiency and Marketing to Enhance Income of Crop … · 2007. 5. 3. · In a contango, the reverse is true, and the expected price is higher than the realized price. Hence,
Page 12: Market Efficiency and Marketing to Enhance Income of Crop … · 2007. 5. 3. · In a contango, the reverse is true, and the expected price is higher than the realized price. Hence,
Page 13: Market Efficiency and Marketing to Enhance Income of Crop … · 2007. 5. 3. · In a contango, the reverse is true, and the expected price is higher than the realized price. Hence,
Page 14: Market Efficiency and Marketing to Enhance Income of Crop … · 2007. 5. 3. · In a contango, the reverse is true, and the expected price is higher than the realized price. Hence,
Page 15: Market Efficiency and Marketing to Enhance Income of Crop … · 2007. 5. 3. · In a contango, the reverse is true, and the expected price is higher than the realized price. Hence,
Page 16: Market Efficiency and Marketing to Enhance Income of Crop … · 2007. 5. 3. · In a contango, the reverse is true, and the expected price is higher than the realized price. Hence,
Page 17: Market Efficiency and Marketing to Enhance Income of Crop … · 2007. 5. 3. · In a contango, the reverse is true, and the expected price is higher than the realized price. Hence,
Page 18: Market Efficiency and Marketing to Enhance Income of Crop … · 2007. 5. 3. · In a contango, the reverse is true, and the expected price is higher than the realized price. Hence,
Page 19: Market Efficiency and Marketing to Enhance Income of Crop … · 2007. 5. 3. · In a contango, the reverse is true, and the expected price is higher than the realized price. Hence,
Page 20: Market Efficiency and Marketing to Enhance Income of Crop … · 2007. 5. 3. · In a contango, the reverse is true, and the expected price is higher than the realized price. Hence,
Page 21: Market Efficiency and Marketing to Enhance Income of Crop … · 2007. 5. 3. · In a contango, the reverse is true, and the expected price is higher than the realized price. Hence,
Page 22: Market Efficiency and Marketing to Enhance Income of Crop … · 2007. 5. 3. · In a contango, the reverse is true, and the expected price is higher than the realized price. Hence,
Page 23: Market Efficiency and Marketing to Enhance Income of Crop … · 2007. 5. 3. · In a contango, the reverse is true, and the expected price is higher than the realized price. Hence,
Page 24: Market Efficiency and Marketing to Enhance Income of Crop … · 2007. 5. 3. · In a contango, the reverse is true, and the expected price is higher than the realized price. Hence,
Page 25: Market Efficiency and Marketing to Enhance Income of Crop … · 2007. 5. 3. · In a contango, the reverse is true, and the expected price is higher than the realized price. Hence,
Page 26: Market Efficiency and Marketing to Enhance Income of Crop … · 2007. 5. 3. · In a contango, the reverse is true, and the expected price is higher than the realized price. Hence,