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Optimization of Soybean Buying Strategies Using Derivatives
(North Dakota State University, 2017)
The portfolio model of hedging framework, based off Markowitz (1952), is used to determine the best mix of futures, basis, and option contracts to hedge a soybean purchase from PNW 28 weeks in to the future. Eighteen options ...
Real Option Analysis of Primary Rail Contracts in Grain Shipping
(North Dakota State University, 2017)
Grain shipping for a country elevator involves many sources of risk and uncertainty. In response to these dynamic challenges faced by shippers, railroad carriers offer various types of forward contracting instruments and ...