David J. Leatham

TL;DR: This paper examined the price discovery performance of futures markets for storable and non-storable commodities in the long run, allowing for the compounding factor of stochastic interest rates and showed that asset storability does not affect the existence of cointegration between cash and futures prices and the usefulness of future markets in predicting future cash prices.

TL;DR: In this article, the relationship between the oil price and stock market index of various countries between 1982 and 2007 was studied, and the results suggest a weak dependence between oil prices and stock indices for most cases, consistent with the results from previous studies.

TL;DR: In this paper, the authors examined the price discovery performance of futures markets for storable and nonstorable commodities in the long run, allowing for the compounding factor of stochastic interest rates, and found that asset storability does not affect the existence of cointegration between cash and futures prices and the usefulness of future markets in predicting future cash prices.

TL;DR: The authors examined the lead-lag relationship between futures trading activity (volume and open interest) and cash price volatility for major agricultural commodities and found that an unexpected increase in futures trading volume unidirectionally causes an increase in Cash Price volatility for most commodities.

TL;DR: This paper examined the lead-lag relationship between futures trading volume and cash price volatility for major agricultural commodities and found that an unexpected increase in futures trading volumes unidirectionally causes an increase in cash prices for most commodities.