文章基本信息

标题：Hedging Break-Even Biodiesel Production Costs Using Soybean Oil Futures
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作者：Graf, Johannes ; McKenzie, Andrew M. ; Popp, Michael P. 等
期刊名称：Journal of Food Distribution Research
印刷版ISSN：0047-245X
出版年度：2008
卷号：39
期号：SUPPL
页码：61-75
出版社：Food Distribution Research Society
摘要：The effectiveness of hedging volatile input prices for biodiesel producers is examined over one- to eight-week time horizons. Results reveal that hedging break-even soybean costs with soybean oil futures offers significant reductions in input price risk. The degree of risk reduction is dependent upon type of hedge, naïve or risk-minimizing, and upon time horizon. In contrast, cross-hedging break-even poultry fat costs with soybean oil futures failed to reduce input price risk.
关键词：biodiesel;hedging;poultry fat;soybean oil