Non-Convergence in Domestic Commodity Futures Markets: Causes, Consequences, and Remedies. Adjemian, M., Garcia, P., Irwin, S. H, & Smith, A. USDA-ERS Economic Information Bulletin, 2013.
Non-Convergence in Domestic Commodity Futures Markets: Causes, Consequences, and Remedies [link]Paper  abstract   bibtex   1 download  
From 2005-10, the price of expiring U.S. corn, soybean, and wheat futures contracts settled much higher than corresponding delivery market cash prices. Theories about why this unprecedented non-convergence occurred are examined along with policy options to prevent it in the future.
@article{adjemian2013non,
  title={Non-Convergence in Domestic Commodity Futures Markets: Causes, Consequences, and Remedies},
  author={Adjemian, Michael and Garcia, Philip and Irwin, Scott H and Smith, Aaron},
  journal={USDA-ERS Economic Information Bulletin},
  number={115},
	url={https://www.ers.usda.gov/publications/pub-details/?pubid=43780},
	keywords={commodities},
	abstract={From 2005-10, the price of expiring U.S. corn, soybean, and wheat futures contracts settled much higher than corresponding delivery market cash prices. Theories about why this unprecedented non-convergence occurred are examined along with policy options to prevent it in the future.},
  year={2013}
}

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