Futures and commodities
Roll yield, hedging pressure, backwardation, and what really drives commodity futures returns.
| Citation | Paper | Access | Difficulty | Score |
|---|---|---|---|---|
| Kang et al. (2020) | A Tale of Two Premiums: The Role of Hedgers and Speculators in Commodity Futures Markets Journal of Finance | Free | Technical | 0 |
| Szymanowska et al. (2014) | An Anatomy of Commodity Futures Risk Premia Journal of Finance | Paywalled | Technical | 0 |
| Gorton et al. (2013) | The Fundamentals of Commodity Futures Returns Review of Finance | Free | Technical | 0 |
| Bessembinder (1992) | Systematic Risk, Hedging Pressure, and Risk Premiums in Futures Markets Review of Financial Studies | Paywalled | Technical | 0 |