ISBN 13 : 978-1-118-82738-3

Sommaire :
1 Physical and Financial Agricultural Markets
1.1 Agriculture and the Beginning of Human Sedentarization
1.2 The Outlook of Agricultural Commodities Markets
1.3 History of Commodity Futures and Spot Markets
1.4 Shipping and Freight

2 Agricultural Commodity Spot Markets
2.1 Introduction
2.2 Price Formation in Agricultural Commodity Markets
2.3 Volatility in Agricultural Markets

3 Futures Exchanges – Future and Forward Prices – Theory of Storage – The Forward Curve
3.1 Major Commodity Exchanges
3.2 Forward Contracts
3.3 Futures Contracts
3.4 Relationship between Forward and Futures Prices
3.5 Example of a Future Spread
3.6 Inventory and Theory of Storage
3.7 The Benefits of Forward Curves
3.8 Stochastic Modeling of the Forward Curve

4 Plain Vanilla Options on Commodity Spot and Forward Prices. The Bachelier–Black–Scholes Formula, the Merton Formula, the Black Formula
4.1 Introduction
4.2 Classical Strategies involving European Calls and Puts
4.3 Put–Call Parity for a Non-dividend Paying Stock
4.4 Valuation of European Calls: the Bachelier–Black–Scholes Formula and the Greeks
4.5 The Merton (1973) Formula for Dividend-paying Stocks
4.6 Options on Commodity Spot Prices
4.7 Options on Commodity Futures: the Black (1976) Formula
4.8 Monte-Carlo Simulations for Option Pricing
4.9 Implied Volatility, Smile, and Skew in Equity Option Markets
4.10 Volatility Smile in Agricultural Commodity Markets

5 Commodity Swaps, Swaptions, Accumulators, Forward-Start, and Asian Options
5.1 Swaps and Swaptions
5.2 Accumulators
5.3 Forward-Start Options (or Calendar Spread Options on the Spot Price)
5.4 Asian Options as Key Instruments in Commodity Markets
5.5 Trading the Shape of the Forward Curve through Floating-strike Asian Options

6 Exchange, Spread, and Quanto Options in Commodity Markets
6.1 Exchange Options
6.2 Commodity Spread Options and Their Importance in Commodity Markets
6.3 Commodity Quanto Options

7 Grain Cereals: Corn, Wheat, Soybean, Rice, and Sorghum
7.1 Introduction
7.2 Corn
7.3 Wheat
7.4 Soybeans
7.5 Rice
7.6 Sorghum

8 Sugar, Cocoa, Coffee, and Tea
8.1 Sugar
8.2 Cocoa
8.3 Coffee
8.4 Tea

9 Cotton, Timber and Wood, Pulp and Paper, Wool
9.1 Cotton
9.2 Lumber and Wood
9.3 Pulp and Paper
9.4 Wool and Cashmere

10 Orange Juice, Livestock, Dairy, and Fishery
10.1 Orange Juice
10.2 Livestock
10.3 Dairy
10.4 Fish Markets
10.5 Poultry and Eggs

11 Rubber, Palm Oil, and Biofuels
11.1 Rubber
11.2 Palm Oil
11.3 Ethanol, Biofuels, and Biomass

12 Land, Water, and Fertilizers
12.1 Land Types, Yields, and Erosion
12.2 Fertilizers
12.3 Water and its crucial Role in the World Economy
12.4 Projections for the Future of Agriculture
12.5 Subsidies and Export Bans
12.6 Market-oriented Farming
12.6.3 China food needs

13 Infrastructure and Farming Management in the Digital Age
13.1 Introduction
13.2 Agricultural Infrastructure
13.3 Country Risk: the Example of Ukraine in 2014
13.4 Analyzing the Risks Involved in an International Wheat Tender Offer
13.5 Weather Risk and Weather Derivatives

14 Investing in Agricultural Commodities, Land, and Physical Assets
14.1 Purchase of Commodity Futures
14.2 Purchase of Commodity Options and Structured Products
14.3 Commodity Index Investing
14.4 Investing in Commodity-related Equities
14.5 Investing in Land
14.6 Acquisition of Infrastructure and Physical Assets
14.7 Conclusion
Glossary
References
Index

Langue : Anglais

Collection : WILEY FINANCE SERIES

Illustration(s) : Schémas ; Tableau(x)

Localisation : Bibliothèque Campus de Nice

Support : Papier

Etat : Présent

Propriétaire : Bibliothèque