Economics of Futures Trading: For Commercial and Personal Profit


Book Description

Winner of the Award for Publication of Enduring Quality from the American Agricultural Economics Association The classic and must-have book on the commodity futures market For decades, Economics of Futures Trading has been known as “the bible” of the commodity futures market. This updated edition provides the foundation for everything you need to know in commodity basics and the economics of futures trading. In this comprehensive and essential guide, Professor Hieronymus reveals secrets and wisdom attained from decades of hands-on experience and research in the field. His timeless insight provides the fundamentals necessary for trading in pursuit of profits–whether you are new to the world of commodity trading or experienced. Dr. Hieronymus’ witty and engaging writing ushers you into the world of trading so you can attain success in these ever-growing markets. The underlying principles presented in this classic remain unchanged, and your understanding of all the complex concepts in futures trading will be enhanced, such as: Operation and performance of the commodity market. Hedging and speculation. Historical developments. And much more. This remains the ultimate guide and go-to resource for anyone interested in the operation of commodity markets. Set yourself up for success as you navigate the complexity of the market by first gleaning from a gold mine of insight offered in this easy-to-digest classic.




Economics of Futures Trading


Book Description

Unlock the Secrets of Futures Trading and Transform Your Financial Savvy Economics of Futures Trading takes you on a deep dive into the world of commodity futures trading, from its historical beginnings to its modern intricacies. Readers will learn about the mechanics, regulations, and economic impacts of futures markets. The book provides a solid foundation in trading terms and processes, making complex concepts accessible. This updated edition provides the foundation for everything you need to know about commodity futures markets. Understand the historical development of futures markets. Learn the mechanics and regulations governing futures trading. Gain insights into the roles of various market participants. Discover the impact of market manipulation and speculation. By reading this book, you will gain the knowledge to make informed trading decisions and navigate the futures market with confidence. This understanding is crucial for financial growth and economic awareness. Written in a witty and engaging style, Economics of Futures Trading is suitable for both novices and experts in the field. Dr. Thomas A. Hieronymus was a renowned scholar in agricultural economics and a legendary teacher at the University of Illinois. This remains the ultimate guide and go-to resource for anyone interested in commodity futures markets. Set yourself up for success as you glean from the gold mine of insights offered in this easy-to-digest classic! Winner of the Award for Publication of Enduring Quality from the American Agricultural Economics Association




The Futures


Book Description

In The Futures, Emily Lambert, senior writer at Forbes magazine, tells us the rich and dramatic history of the Chicago Mercantile Exchange and Chicago Board of Trade, which together comprised the original, most bustling futures market in the world. She details the emergence of the futures business as a kind of meeting place for gamblers and farmers and its subsequent transformation into a sophisticated electronic market where contracts are traded at lightning-fast speeds. Lambert also details the disastrous effects of Wall Street's adoption of the futures contract without the rules and close-knit social bonds that had made trading it in Chicago work so well. Ultimately Lambert argues that the futures markets are the real "free" markets and that speculators, far from being mere parasites, can serve a vital economic and social function given the right architecture. The traditional futures market, she explains, because of its written and cultural limits, can serve as a useful example for how markets ought to work and become a tonic for our current financial ills.




Economics of Futures Trading


Book Description

Winner of the Award for Publication of Enduring Quality from the American Agricultural Economics AssociationThe classic and must-have book on the commodity futures marketFor decades, Economics of Futures Trading has been known as "the bible" of the commodity futures market. This updated edition provides the foundation for everything you need to know in commodity basics and the economics of futures trading.In this comprehensive and essential guide, Professor Hieronymus reveals secrets and wisdom attained from decades of hands-on experience and research in the field. His timeless insight provides the fundamentals necessary for trading in pursuit of profits-whether you are new to the world of commodity trading or experienced.Dr. Hieronymus' witty and engaging writing ushers you into the world of trading so you can attain success in these ever-growing markets. The underlying principles presented in this classic remain unchanged, and your understanding of all the complex concepts in futures trading will be enhanced, such as:Operation and performance of the commodity marketHedging and speculationHistorical developmentsAnd much moreThis remains the ultimate guide and go-to resource for anyone interested in the operation of commodity markets. Set yourself up for success as you navigate the complexity of the market by first gleaning from a gold mine of insight offered in this easy-to-digest classic.










Back to the Futures: Crashing Dirt Bikes, Chasing Cows, and Unraveling the Mystery of Commodity Futures Markets


Book Description

Whoever said learning about futures markets had to be boring? Futures markets are a mystery. Fortunes are made and lost in these markets, yet most people know little about how they work. In Back to the Futures, agricultural economist Scott Irwin explains why it’s essential to understand futures markets, whether you’re talking about grain, cattle, or the largest market of them all—crude oil. These massive markets lie at the heart of our economy, affecting us all. Irwin’s engaging storytelling style brings the madcap world of futures trading to life, drawing you in by sharing his wild, life-threatening adventures with motorcycles, snowmobiles, race cars, farm equipment, and renegade cows while growing up on an Iowa farm. Back to the Futures will keep you riveted as he explains how to reduce risk in today’s intense arena of commodity trading. This unique book brings in other experts as well, such as Terry Duffy, CEO of the CME Group (the largest commodity trading exchange in the world), and Leo Melamed, the man who revolutionized the market with electronic trading. Together, these experts combine their knowledge and experiences to provide clarity on the following topics: Why future markets are crucial for farmers and consumers. The critical role future markets play in our financial system. The role speculators play in making these markets work. And much more. Commodity futures trading has become a vital part of doing business in America. So, get ready to learn something new–and don’t be surprised if you find yourself highly entertained along the journey!




Agricultural Policy in Disarray


Book Description

Agricultural Policy in Disarray provides fascinating, detailed, and contemporary evidence of how rent-seeking by small, well-organized interest groups results in government policies that do little good and much harm.




Commodity, Futures and Financial Markets


Book Description

Louis Phlips The stabilisation of primary commodity prices, and the related issue of the stabilisation of export earnings of developing countries, have traditionally been studied without reference to the futures markets (that exist or could exist) for these commodities. These futures markets have in turn been s~udied in isolation. The same is true for the new developments on financial markets. Over the last few years, in particular sine the 1985 tin crisis and the October 1987 stock exchange crisis, it has become evident that there are inter actions between commodity, futures, and financial markets and that these inter actions are very important. The more so as trade on futures and financial markets has shown a spectacular increase. This volume brings together a number of recent and unpublished papers on these interactions by leading specialists (and their students). A first set of papers examines how the use of futures markets could help stabilising export earnings of developing countries and how this compares to the rather unsuccessful UNCTAD type interventions via buffer stocks, pegged prices and cartels. A second set of papers faces the fact, largely ignored in the literature, that commodity prices are determined in foreign currencies, with the result that developing countries suffer from the volatility of exchange rates of these currencies (even in cases where commodity prices are relatively stable). Financial markets are thus explicitly linked to futures and commodity markets.