Date of this Version
Cornhusker Economics (December 11, 2013)
In last week’s Cornhusker Economics newsletter (12/04/2013), we discussed price risk in the soybean market. This week, we are following up with a discussion about volatility and risk in the corn market. Again, let us begin by looking at daily nearby futures prices for corn between July 1959 and May 2013 (Figure 1, on next page), and split the sample into four periods for our analysis: Aug/59–Jul/72, Aug/72–Jul/88, Aug/88–Jul/05 and Aug/05–May/13.