会议专题

Study on Corn Futures Contracts based on Tmperature Index -Case Analysis in Harbin

The uncertainty of natural temperature is the biggest risk in agricultural development;the futures contracts can become the key solution to avoid risks of agriculture production. Corn is temperature sensitive crop and prefer warming atmosphere. Thus, the temperature should be the key factor affecting corn production in the city, Harbin. Consequently, temperature index becomes one of the tools to measure output and futures of corn. This study has constructed and used the model of relationship between temperatures and output of corn, in order to use regression analysis and hypothesis test by the software, Eviews. It has been proved that to using temperature index to measure futures contracts is practical. Accordingly, to construct corn futures contracts;to design the contents of those futures contract;to price by using Monte Carlo equation.

Temperature index Corn Futures pricing of futures

Song Chunguang Wang Guangxue Xue Hongbing

School of Management Harbin Normal University Harbin, China, 150025

国际会议

The 2012 International Conference of Agricultural Engineering and Food Engineering(2012年国际农业工程与食品工程学术会议 ICAE 2012)

哈尔滨

英文

503-505

2012-06-16(万方平台首次上网日期,不代表论文的发表时间)