Publications

Hunt, BF 1974, 'SHORT RUN PRICE CYCLES IN THE SYDNEY WOOL FUTURES MARKET', Australian Journal of Agricultural Economics, vol. 18, no. 2, pp. 133-143.
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Evidence of systematic short run price movements in Sydney wool futures prices is presented. Traders' reaction to market uncertainty is suggested as a rationale of wool futures price periodicity. There is also a discussion of the significance of the cycle with regard to the efficiency of the market. 1974 The Australian Agricultural Economics Society