From Grain to Natural Gas: The Historical Circumstances that Led to the Need for Futures Contracts
5 Pages Posted: 21 Jun 2018
Date Written: May 2018
This article covers examples of successful futures contracts that responded to new large-scale commercial risks over the past 170 years. The article explains the new commercial circumstances that ushered in the intense need for hedging instruments, spanning the grain, financial, crude oil, and natural gas markets.
Keywords: Bretton Woods System, Futures Contracts, Crude Oil, Natural Gas, Hedging, Regulation
JEL Classification: G1, G18, N21, N22
Suggested Citation: Suggested Citation