id	sid	tid	token	lemma	pos
bae-3244	1	1	issn	issn	PROPN
bae-3244	1	2	2280	2280	NUM
bae-3244	1	3	-	-	SYM
bae-3244	1	4	6180	6180	NUM
bae-3244	1	5	(	(	PUNCT
bae-3244	1	6	print	print	NOUN
bae-3244	1	7	)	)	PUNCT
bae-3244	1	8	©	©	PROPN
bae-3244	1	9	firenze	firenze	PROPN
bae-3244	1	10	university	university	PROPN
bae-3244	1	11	press	press	NOUN
bae-3244	1	12	issn	issn	VERB
bae-3244	1	13	2280	2280	NUM
bae-3244	1	14	-	-	SYM
bae-3244	1	15	6172	6172	NUM
bae-3244	1	16	(	(	PUNCT
bae-3244	1	17	online	online	ADJ
bae-3244	1	18	)	)	PUNCT
bae-3244	1	19	www.fupress.com/bae	www.fupress.com/bae	NOUN
bae-3244	1	20	bio	bio	NOUN
bae-3244	1	21	-	-	PUNCT
bae-3244	1	22	based	base	VERB
bae-3244	1	23	and	and	CCONJ
bae-3244	1	24	applied	apply	VERB
bae-3244	1	25	economics	economic	NOUN
bae-3244	1	26	2(3	2(3	NUM
bae-3244	1	27	):	):	PUNCT
bae-3244	1	28	237	237	NUM
bae-3244	1	29	-	-	SYM
bae-3244	1	30	255	255	NUM
bae-3244	1	31	,	,	PUNCT
bae-3244	1	32	2013	2013	NUM
bae-3244	1	33	commodity	commodity	NOUN
bae-3244	1	34	futures	future	NOUN
bae-3244	1	35	markets	market	NOUN
bae-3244	1	36	:	:	PUNCT
bae-3244	1	37	are	be	AUX
bae-3244	1	38	they	they	PRON
bae-3244	1	39	an	an	DET
bae-3244	1	40	effective	effective	ADJ
bae-3244	1	41	price	price	NOUN
bae-3244	1	42	risk	risk	NOUN
bae-3244	1	43	management	management	NOUN
bae-3244	1	44	tool	tool	NOUN
bae-3244	1	45	for	for	ADP
bae-3244	1	46	the	the	DET
bae-3244	1	47	european	european	PROPN
bae-3244	1	48	wheat	wheat	PROPN
bae-3244	1	49	supply	supply	NOUN
bae-3244	1	50	chain	chain	NOUN
bae-3244	1	51	?	?	PUNCT
bae-3244	2	1	cesar	cesar	PROPN
bae-3244	2	2	revoredo	revoredo	PROPN
bae-3244	2	3	-	-	PUNCT
bae-3244	2	4	giha1	giha1	NOUN
bae-3244	2	5	,	,	PUNCT
bae-3244	2	6	marco	marco	PROPN
bae-3244	2	7	zuppiroli2,*1	zuppiroli2,*1	PROPN
bae-3244	2	8	1	1	NUM
bae-3244	2	9	scotland	scotland	PROPN
bae-3244	2	10	’s	’s	PART
bae-3244	2	11	rural	rural	ADJ
bae-3244	2	12	college	college	NOUN
bae-3244	2	13	(	(	PUNCT
bae-3244	2	14	sruc	sruc	PROPN
bae-3244	2	15	)	)	PUNCT
bae-3244	2	16	,	,	PUNCT
bae-3244	2	17	land	land	NOUN
bae-3244	2	18	economy	economy	NOUN
bae-3244	2	19	and	and	CCONJ
bae-3244	2	20	environment	environment	NOUN
bae-3244	2	21	research	research	NOUN
bae-3244	2	22	group	group	NOUN
bae-3244	2	23	,	,	PUNCT
bae-3244	2	24	food	food	NOUN
bae-3244	2	25	marketing	marketing	NOUN
bae-3244	2	26	research	research	NOUN
bae-3244	2	27	team	team	NOUN
bae-3244	2	28	,	,	PUNCT
bae-3244	2	29	edinburgh	edinburgh	PROPN
bae-3244	2	30	,	,	PUNCT
bae-3244	2	31	uk	uk	PROPN
bae-3244	2	32	2	2	NUM
bae-3244	2	33	università	università	PROPN
bae-3244	2	34	degli	degli	NOUN
bae-3244	2	35	studi	studi	PROPN
bae-3244	2	36	di	di	X
bae-3244	2	37	parma	parma	PROPN
bae-3244	2	38	,	,	PUNCT
bae-3244	2	39	dipartimento	dipartimento	ADP
bae-3244	2	40	di	di	X
bae-3244	2	41	economia	economia	PROPN
bae-3244	2	42	,	,	PUNCT
bae-3244	2	43	parma	parma	PROPN
bae-3244	2	44	,	,	PUNCT
bae-3244	2	45	italy	italy	PROPN
bae-3244	2	46	abstract	abstract	NOUN
bae-3244	2	47	.	.	PUNCT
bae-3244	3	1	the	the	DET
bae-3244	3	2	instability	instability	NOUN
bae-3244	3	3	of	of	ADP
bae-3244	3	4	commodity	commodity	NOUN
bae-3244	3	5	prices	price	NOUN
bae-3244	3	6	and	and	CCONJ
bae-3244	3	7	the	the	DET
bae-3244	3	8	hypothesis	hypothesis	NOUN
bae-3244	3	9	that	that	PRON
bae-3244	3	10	speculative	speculative	ADJ
bae-3244	3	11	behaviour	behaviour	NOUN
bae-3244	3	12	was	be	AUX
bae-3244	3	13	one	one	NUM
bae-3244	3	14	of	of	ADP
bae-3244	3	15	its	its	PRON
bae-3244	3	16	causes	cause	NOUN
bae-3244	3	17	has	have	AUX
bae-3244	3	18	brought	bring	VERB
bae-3244	3	19	renewed	renew	VERB
bae-3244	3	20	interest	interest	NOUN
bae-3244	3	21	in	in	ADP
bae-3244	3	22	futures	future	NOUN
bae-3244	3	23	markets	market	NOUN
bae-3244	3	24	.	.	PUNCT
bae-3244	4	1	the	the	DET
bae-3244	4	2	paper	paper	NOUN
bae-3244	4	3	analyses	analyse	VERB
bae-3244	4	4	the	the	DET
bae-3244	4	5	european	european	PROPN
bae-3244	4	6	wheat	wheat	PROPN
bae-3244	4	7	futures	future	NOUN
bae-3244	4	8	markets	market	NOUN
bae-3244	4	9	(	(	PUNCT
bae-3244	4	10	feed	feed	NOUN
bae-3244	4	11	and	and	CCONJ
bae-3244	4	12	milling	milling	NOUN
bae-3244	4	13	)	)	PUNCT
bae-3244	4	14	and	and	CCONJ
bae-3244	4	15	the	the	DET
bae-3244	4	16	chicago	chicago	PROPN
bae-3244	4	17	board	board	PROPN
bae-3244	4	18	of	of	ADP
bae-3244	4	19	trade	trade	PROPN
bae-3244	4	20	’s	’s	PART
bae-3244	4	21	wheat	wheat	NOUN
bae-3244	4	22	contract	contract	NOUN
bae-3244	4	23	as	as	ADP
bae-3244	4	24	a	a	DET
bae-3244	4	25	comparison	comparison	NOUN
bae-3244	4	26	.	.	PUNCT
bae-3244	5	1	although	although	SCONJ
bae-3244	5	2	the	the	DET
bae-3244	5	3	main	main	ADJ
bae-3244	5	4	purpose	purpose	NOUN
bae-3244	5	5	of	of	ADP
bae-3244	5	6	the	the	DET
bae-3244	5	7	paper	paper	NOUN
bae-3244	5	8	is	be	AUX
bae-3244	5	9	to	to	PART
bae-3244	5	10	analyse	analyse	VERB
bae-3244	5	11	whether	whether	SCONJ
bae-3244	5	12	futures	future	NOUN
bae-3244	5	13	markets	market	NOUN
bae-3244	5	14	are	be	AUX
bae-3244	5	15	still	still	ADV
bae-3244	5	16	useful	useful	ADJ
bae-3244	5	17	for	for	ADP
bae-3244	5	18	hedging	hedge	VERB
bae-3244	5	19	(	(	PUNCT
bae-3244	5	20	considering	consider	VERB
bae-3244	5	21	the	the	DET
bae-3244	5	22	demands	demand	NOUN
bae-3244	5	23	from	from	ADP
bae-3244	5	24	different	different	ADJ
bae-3244	5	25	market	market	NOUN
bae-3244	5	26	participants	participant	NOUN
bae-3244	5	27	)	)	PUNCT
bae-3244	5	28	,	,	PUNCT
bae-3244	5	29	implicitly	implicitly	ADV
bae-3244	5	30	this	this	PRON
bae-3244	5	31	can	can	AUX
bae-3244	5	32	be	be	AUX
bae-3244	5	33	seen	see	VERB
bae-3244	5	34	as	as	ADP
bae-3244	5	35	testing	test	VERB
bae-3244	5	36	whether	whether	SCONJ
bae-3244	5	37	the	the	DET
bae-3244	5	38	increasing	increase	VERB
bae-3244	5	39	presence	presence	NOUN
bae-3244	5	40	of	of	ADP
bae-3244	5	41	speculation	speculation	NOUN
bae-3244	5	42	has	have	AUX
bae-3244	5	43	made	make	VERB
bae-3244	5	44	futures	future	NOUN
bae-3244	5	45	markets	market	NOUN
bae-3244	5	46	divorced	divorce	VERB
bae-3244	5	47	from	from	ADP
bae-3244	5	48	physical	physical	ADJ
bae-3244	5	49	markets	market	NOUN
bae-3244	5	50	.	.	PUNCT
bae-3244	6	1	the	the	DET
bae-3244	6	2	results	result	NOUN
bae-3244	6	3	indicate	indicate	VERB
bae-3244	6	4	that	that	SCONJ
bae-3244	6	5	hedging	hedging	NOUN
bae-3244	6	6	with	with	ADP
bae-3244	6	7	futures	future	NOUN
bae-3244	6	8	markets	market	NOUN
bae-3244	6	9	is	be	AUX
bae-3244	6	10	still	still	ADV
bae-3244	6	11	a	a	DET
bae-3244	6	12	viable	viable	ADJ
bae-3244	6	13	alternative	alternative	NOUN
bae-3244	6	14	for	for	ADP
bae-3244	6	15	dealing	deal	VERB
bae-3244	6	16	with	with	ADP
bae-3244	6	17	price	price	NOUN
bae-3244	6	18	risk	risk	NOUN
bae-3244	6	19	.	.	PUNCT
bae-3244	7	1	this	this	PRON
bae-3244	7	2	is	be	AUX
bae-3244	7	3	particularly	particularly	ADV
bae-3244	7	4	true	true	ADJ
bae-3244	7	5	in	in	ADP
bae-3244	7	6	short	short	ADJ
bae-3244	7	7	period	period	NOUN
bae-3244	7	8	hedges	hedge	NOUN
bae-3244	7	9	(	(	PUNCT
bae-3244	7	10	e.g.	e.g.	ADV
bae-3244	7	11	merchants	merchant	NOUN
bae-3244	7	12	and	and	CCONJ
bae-3244	7	13	processors	processor	NOUN
bae-3244	7	14	)	)	PUNCT
bae-3244	7	15	,	,	PUNCT
bae-3244	7	16	where	where	SCONJ
bae-3244	7	17	the	the	DET
bae-3244	7	18	basis	basis	NOUN
bae-3244	7	19	seems	seem	VERB
bae-3244	7	20	to	to	PART
bae-3244	7	21	have	have	AUX
bae-3244	7	22	been	be	AUX
bae-3244	7	23	affected	affect	VERB
bae-3244	7	24	by	by	ADP
bae-3244	7	25	the	the	DET
bae-3244	7	26	observed	observe	VERB
bae-3244	7	27	price	price	NOUN
bae-3244	7	28	instability	instability	NOUN
bae-3244	7	29	.	.	PUNCT
bae-3244	8	1	keywords	keyword	NOUN
bae-3244	8	2	.	.	PUNCT
bae-3244	9	1	futures	future	NOUN
bae-3244	9	2	markets	market	NOUN
bae-3244	9	3	,	,	PUNCT
bae-3244	9	4	wheat	wheat	NOUN
bae-3244	9	5	,	,	PUNCT
bae-3244	9	6	hedging	hedging	NOUN
bae-3244	9	7	,	,	PUNCT
bae-3244	9	8	commodity	commodity	NOUN
bae-3244	9	9	prices	price	NOUN
bae-3244	9	10	,	,	PUNCT
bae-3244	9	11	price	price	NOUN
bae-3244	9	12	risk	risk	NOUN
bae-3244	9	13	.	.	PUNCT
bae-3244	10	1	jel	jel	PROPN
bae-3244	10	2	codes	code	NOUN
bae-3244	10	3	.	.	PUNCT
bae-3244	11	1	g13	g13	PROPN
bae-3244	11	2	,	,	PUNCT
bae-3244	11	3	q14	q14	NOUN
bae-3244	11	4	,	,	PUNCT
bae-3244	11	5	g01	g01	VERB
bae-3244	11	6	1	1	NUM
bae-3244	11	7	.	.	PUNCT
bae-3244	12	1	introduction	introduction	NOUN
bae-3244	12	2	the	the	DET
bae-3244	12	3	relatively	relatively	ADV
bae-3244	12	4	recent	recent	ADJ
bae-3244	12	5	instability	instability	NOUN
bae-3244	12	6	of	of	ADP
bae-3244	12	7	commodity	commodity	NOUN
bae-3244	12	8	prices	price	NOUN
bae-3244	12	9	has	have	AUX
bae-3244	12	10	brought	bring	VERB
bae-3244	12	11	back	back	ADV
bae-3244	12	12	the	the	DET
bae-3244	12	13	interest	interest	NOUN
bae-3244	12	14	on	on	ADP
bae-3244	12	15	futures	future	NOUN
bae-3244	12	16	markets	market	NOUN
bae-3244	12	17	and	and	CCONJ
bae-3244	12	18	their	their	PRON
bae-3244	12	19	use	use	NOUN
bae-3244	12	20	for	for	ADP
bae-3244	12	21	hedging	hedging	NOUN
bae-3244	12	22	as	as	ADP
bae-3244	12	23	a	a	DET
bae-3244	12	24	device	device	NOUN
bae-3244	12	25	to	to	PART
bae-3244	12	26	reduce	reduce	VERB
bae-3244	12	27	vulnerability	vulnerability	NOUN
bae-3244	12	28	to	to	PART
bae-3244	12	29	risk	risk	VERB
bae-3244	12	30	.	.	PUNCT
bae-3244	13	1	as	as	SCONJ
bae-3244	13	2	pointed	point	VERB
bae-3244	13	3	out	out	ADP
bae-3244	13	4	by	by	ADP
bae-3244	13	5	lence	lence	NOUN
bae-3244	13	6	(	(	PUNCT
bae-3244	13	7	2009	2009	NUM
bae-3244	13	8	)	)	PUNCT
bae-3244	13	9	,	,	PUNCT
bae-3244	13	10	vulnerability	vulnerability	NOUN
bae-3244	13	11	to	to	ADP
bae-3244	13	12	risks	risk	NOUN
bae-3244	13	13	is	be	AUX
bae-3244	13	14	amongst	amongst	ADP
bae-3244	13	15	the	the	DET
bae-3244	13	16	most	most	ADV
bae-3244	13	17	important	important	ADJ
bae-3244	13	18	problems	problem	NOUN
bae-3244	13	19	faced	face	VERB
bae-3244	13	20	by	by	ADP
bae-3244	13	21	commodity	commodity	NOUN
bae-3244	13	22	producers	producer	NOUN
bae-3244	13	23	in	in	ADP
bae-3244	13	24	developing	develop	VERB
bae-3244	13	25	and	and	CCONJ
bae-3244	13	26	developed	developed	ADJ
bae-3244	13	27	countries	country	NOUN
bae-3244	13	28	.	.	PUNCT
bae-3244	14	1	furthermore	furthermore	ADV
bae-3244	14	2	,	,	PUNCT
bae-3244	14	3	this	this	DET
bae-3244	14	4	renewed	renew	VERB
bae-3244	14	5	interest	interest	NOUN
bae-3244	14	6	has	have	AUX
bae-3244	14	7	extended	extend	VERB
bae-3244	14	8	use	use	NOUN
bae-3244	14	9	of	of	ADP
bae-3244	14	10	futures	future	NOUN
bae-3244	14	11	and	and	CCONJ
bae-3244	14	12	options	option	NOUN
bae-3244	14	13	contracts	contract	NOUN
bae-3244	14	14	to	to	ADP
bae-3244	14	15	the	the	DET
bae-3244	14	16	area	area	NOUN
bae-3244	14	17	of	of	ADP
bae-3244	14	18	food	food	NOUN
bae-3244	14	19	security	security	NOUN
bae-3244	14	20	,	,	PUNCT
bae-3244	14	21	as	as	SCONJ
bae-3244	14	22	they	they	PRON
bae-3244	14	23	have	have	AUX
bae-3244	14	24	been	be	AUX
bae-3244	14	25	proposed	propose	VERB
bae-3244	14	26	as	as	ADP
bae-3244	14	27	a	a	DET
bae-3244	14	28	way	way	NOUN
bae-3244	14	29	in	in	ADP
bae-3244	14	30	which	which	PRON
bae-3244	14	31	importing	import	VERB
bae-3244	14	32	countries	country	NOUN
bae-3244	14	33	could	could	AUX
bae-3244	14	34	manage	manage	VERB
bae-3244	14	35	price	price	NOUN
bae-3244	14	36	volatility	volatility	NOUN
bae-3244	14	37	(	(	PUNCT
bae-3244	14	38	sarris	sarris	PROPN
bae-3244	14	39	et	et	PROPN
bae-3244	14	40	al	al	PROPN
bae-3244	14	41	.	.	PROPN
bae-3244	14	42	,	,	PUNCT
bae-3244	14	43	2011	2011	NUM
bae-3244	14	44	)	)	PUNCT
bae-3244	14	45	.	.	PUNCT
bae-3244	15	1	as	as	SCONJ
bae-3244	15	2	it	it	PRON
bae-3244	15	3	is	be	AUX
bae-3244	15	4	well	well	ADV
bae-3244	15	5	known	know	VERB
bae-3244	15	6	futures	future	NOUN
bae-3244	15	7	markets	market	NOUN
bae-3244	15	8	perform	perform	VERB
bae-3244	15	9	several	several	ADJ
bae-3244	15	10	functions	function	NOUN
bae-3244	15	11	:	:	PUNCT
bae-3244	15	12	they	they	PRON
bae-3244	15	13	provide	provide	VERB
bae-3244	15	14	the	the	DET
bae-3244	15	15	instruments	instrument	NOUN
bae-3244	15	16	to	to	PART
bae-3244	15	17	transfer	transfer	VERB
bae-3244	15	18	price	price	NOUN
bae-3244	15	19	risk	risk	NOUN
bae-3244	15	20	,	,	PUNCT
bae-3244	15	21	they	they	PRON
bae-3244	15	22	facilitate	facilitate	VERB
bae-3244	15	23	price	price	NOUN
bae-3244	15	24	discovery	discovery	NOUN
bae-3244	15	25	and	and	CCONJ
bae-3244	15	26	they	they	PRON
bae-3244	15	27	are	be	AUX
bae-3244	15	28	offering	offer	VERB
bae-3244	15	29	commodities	commodity	NOUN
bae-3244	15	30	as	as	ADP
bae-3244	15	31	an	an	DET
bae-3244	15	32	asset	asset	NOUN
bae-3244	15	33	class	class	NOUN
bae-3244	15	34	for	for	ADP
bae-3244	15	35	financial	financial	ADJ
bae-3244	15	36	investors	investor	NOUN
bae-3244	15	37	,	,	PUNCT
bae-3244	15	38	such	such	ADJ
bae-3244	15	39	as	as	ADP
bae-3244	15	40	fund	fund	NOUN
bae-3244	15	41	and	and	CCONJ
bae-3244	15	42	money	money	NOUN
bae-3244	15	43	managers	manager	NOUN
bae-3244	15	44	who	who	PRON
bae-3244	15	45	had	have	AUX
bae-3244	15	46	not	not	PART
bae-3244	15	47	previously	previously	ADV
bae-3244	15	48	been	be	AUX
bae-3244	15	49	present	present	ADJ
bae-3244	15	50	in	in	ADP
bae-3244	15	51	these	these	DET
bae-3244	15	52	markets	market	NOUN
bae-3244	15	53	.	.	PUNCT
bae-3244	16	1	*	*	PUNCT
bae-3244	16	2	corresponding	correspond	VERB
bae-3244	16	3	author	author	NOUN
bae-3244	16	4	:	:	PUNCT
bae-3244	16	5	marco.zuppiroli@unipr.it	marco.zuppiroli@unipr.it	NOUN
bae-3244	16	6	.	.	PUNCT
bae-3244	17	1	238	238	NUM
bae-3244	17	2	c.	c.	PROPN
bae-3244	17	3	revoredo	revoredo	PROPN
bae-3244	17	4	-	-	PUNCT
bae-3244	17	5	giha	giha	PROPN
bae-3244	17	6	,	,	PUNCT
bae-3244	17	7	m.	m.	NOUN
bae-3244	17	8	zuppiroli	zuppiroli	NOUN
bae-3244	17	9	commercial	commercial	ADJ
bae-3244	17	10	participants	participant	NOUN
bae-3244	17	11	use	use	VERB
bae-3244	17	12	futures	future	NOUN
bae-3244	17	13	contracts	contract	NOUN
bae-3244	17	14	to	to	PART
bae-3244	17	15	hedge	hedge	VERB
bae-3244	17	16	their	their	PRON
bae-3244	17	17	crops	crop	NOUN
bae-3244	17	18	or	or	CCONJ
bae-3244	17	19	inventories	inventory	NOUN
bae-3244	17	20	against	against	ADP
bae-3244	17	21	the	the	DET
bae-3244	17	22	risk	risk	NOUN
bae-3244	17	23	of	of	ADP
bae-3244	17	24	fluctuating	fluctuate	VERB
bae-3244	17	25	prices	price	NOUN
bae-3244	17	26	,	,	PUNCT
bae-3244	17	27	e.g.	e.g.	ADV
bae-3244	17	28	,	,	PUNCT
bae-3244	17	29	processors	processor	NOUN
bae-3244	17	30	of	of	ADP
bae-3244	17	31	agricultural	agricultural	ADJ
bae-3244	17	32	commodities	commodity	NOUN
bae-3244	17	33	,	,	PUNCT
bae-3244	17	34	who	who	PRON
bae-3244	17	35	need	need	VERB
bae-3244	17	36	to	to	PART
bae-3244	17	37	obtain	obtain	VERB
bae-3244	17	38	raw	raw	ADJ
bae-3244	17	39	materials	material	NOUN
bae-3244	17	40	,	,	PUNCT
bae-3244	17	41	would	would	AUX
bae-3244	17	42	buy	buy	VERB
bae-3244	17	43	futures	future	NOUN
bae-3244	17	44	contracts	contract	NOUN
bae-3244	17	45	to	to	PART
bae-3244	17	46	guard	guard	VERB
bae-3244	17	47	against	against	ADP
bae-3244	17	48	future	future	ADJ
bae-3244	17	49	price	price	NOUN
bae-3244	17	50	rises	rise	NOUN
bae-3244	17	51	.	.	PUNCT
bae-3244	18	1	if	if	SCONJ
bae-3244	18	2	prices	price	NOUN
bae-3244	18	3	rise	rise	VERB
bae-3244	18	4	(	(	PUNCT
bae-3244	18	5	i.e.	i.e.	X
bae-3244	18	6	,	,	PUNCT
bae-3244	18	7	both	both	CCONJ
bae-3244	18	8	cash	cash	NOUN
bae-3244	18	9	and	and	CCONJ
bae-3244	18	10	futures	future	NOUN
bae-3244	18	11	prices	price	NOUN
bae-3244	18	12	)	)	PUNCT
bae-3244	18	13	,	,	PUNCT
bae-3244	18	14	then	then	ADV
bae-3244	18	15	they	they	PRON
bae-3244	18	16	use	use	VERB
bae-3244	18	17	the	the	DET
bae-3244	18	18	increased	increase	VERB
bae-3244	18	19	value	value	NOUN
bae-3244	18	20	of	of	ADP
bae-3244	18	21	the	the	DET
bae-3244	18	22	futures	future	NOUN
bae-3244	18	23	contract	contract	NOUN
bae-3244	18	24	to	to	PART
bae-3244	18	25	offset	offset	VERB
bae-3244	18	26	the	the	DET
bae-3244	18	27	higher	high	ADJ
bae-3244	18	28	cost	cost	NOUN
bae-3244	18	29	of	of	ADP
bae-3244	18	30	the	the	DET
bae-3244	18	31	physical	physical	ADJ
bae-3244	18	32	quantities	quantity	NOUN
bae-3244	18	33	they	they	PRON
bae-3244	18	34	need	need	VERB
bae-3244	18	35	to	to	PART
bae-3244	18	36	purchase	purchase	VERB
bae-3244	18	37	.	.	PUNCT
bae-3244	19	1	however	however	ADV
bae-3244	19	2	,	,	PUNCT
bae-3244	19	3	hedgers	hedger	NOUN
bae-3244	19	4	are	be	AUX
bae-3244	19	5	not	not	PART
bae-3244	19	6	the	the	DET
bae-3244	19	7	only	only	ADJ
bae-3244	19	8	agents	agent	NOUN
bae-3244	19	9	operating	operate	VERB
bae-3244	19	10	in	in	ADP
bae-3244	19	11	futures	future	NOUN
bae-3244	19	12	markets	market	NOUN
bae-3244	19	13	,	,	PUNCT
bae-3244	19	14	as	as	SCONJ
bae-3244	19	15	one	one	PRON
bae-3244	19	16	can	can	AUX
bae-3244	19	17	also	also	ADV
bae-3244	19	18	find	find	VERB
bae-3244	19	19	non	non	ADJ
bae-3244	19	20	-	-	ADJ
bae-3244	19	21	commercial	commercial	ADJ
bae-3244	19	22	participants	participant	NOUN
bae-3244	19	23	,	,	PUNCT
bae-3244	19	24	who	who	PRON
bae-3244	19	25	do	do	AUX
bae-3244	19	26	not	not	PART
bae-3244	19	27	have	have	VERB
bae-3244	19	28	any	any	DET
bae-3244	19	29	involvement	involvement	NOUN
bae-3244	19	30	in	in	ADP
bae-3244	19	31	the	the	DET
bae-3244	19	32	physical	physical	ADJ
bae-3244	19	33	commodity	commodity	NOUN
bae-3244	19	34	trade	trade	NOUN
bae-3244	19	35	in	in	ADP
bae-3244	19	36	contrast	contrast	NOUN
bae-3244	19	37	to	to	ADP
bae-3244	19	38	commercial	commercial	ADJ
bae-3244	19	39	participants	participant	NOUN
bae-3244	19	40	,	,	PUNCT
bae-3244	19	41	such	such	ADJ
bae-3244	19	42	as	as	ADP
bae-3244	19	43	farmers	farmer	NOUN
bae-3244	19	44	,	,	PUNCT
bae-3244	19	45	traders	trader	NOUN
bae-3244	19	46	and	and	CCONJ
bae-3244	19	47	processors	processor	NOUN
bae-3244	19	48	.	.	PUNCT
bae-3244	20	1	these	these	PRON
bae-3244	20	2	are	be	AUX
bae-3244	20	3	called	call	VERB
bae-3244	20	4	“	"	PUNCT
bae-3244	20	5	speculators	speculator	NOUN
bae-3244	20	6	”	"	PUNCT
bae-3244	20	7	and	and	CCONJ
bae-3244	20	8	they	they	PRON
bae-3244	20	9	buy	buy	VERB
bae-3244	20	10	and	and	CCONJ
bae-3244	20	11	sell	sell	VERB
bae-3244	20	12	futures	future	NOUN
bae-3244	20	13	contracts	contract	NOUN
bae-3244	20	14	in	in	ADP
bae-3244	20	15	order	order	NOUN
bae-3244	20	16	to	to	PART
bae-3244	20	17	obtain	obtain	VERB
bae-3244	20	18	a	a	DET
bae-3244	20	19	profit	profit	NOUN
bae-3244	20	20	.	.	PUNCT
bae-3244	21	1	it	it	PRON
bae-3244	21	2	’s	’	VERB
bae-3244	21	3	a	a	DET
bae-3244	21	4	matter	matter	NOUN
bae-3244	21	5	of	of	ADP
bae-3244	21	6	fact	fact	NOUN
bae-3244	21	7	the	the	DET
bae-3244	21	8	massive	massive	ADJ
bae-3244	21	9	increase	increase	NOUN
bae-3244	21	10	in	in	ADP
bae-3244	21	11	trading	trading	NOUN
bae-3244	21	12	in	in	ADP
bae-3244	21	13	commodity	commodity	NOUN
bae-3244	21	14	derivatives	derivative	NOUN
bae-3244	21	15	over	over	ADP
bae-3244	21	16	the	the	DET
bae-3244	21	17	past	past	ADJ
bae-3244	21	18	decade	decade	NOUN
bae-3244	21	19	;	;	PUNCT
bae-3244	21	20	commodity	commodity	NOUN
bae-3244	21	21	derivatives	derivative	NOUN
bae-3244	21	22	include	include	VERB
bae-3244	21	23	futures	future	NOUN
bae-3244	21	24	and	and	CCONJ
bae-3244	21	25	options	option	NOUN
bae-3244	21	26	traded	trade	VERB
bae-3244	21	27	on	on	ADP
bae-3244	21	28	organised	organise	VERB
bae-3244	21	29	exchanges	exchange	NOUN
bae-3244	21	30	as	as	ADV
bae-3244	21	31	well	well	ADV
bae-3244	21	32	as	as	ADP
bae-3244	21	33	the	the	DET
bae-3244	21	34	forwards	forward	NOUN
bae-3244	21	35	and	and	CCONJ
bae-3244	21	36	the	the	DET
bae-3244	21	37	options	option	NOUN
bae-3244	21	38	traded	trade	VERB
bae-3244	21	39	over	over	ADP
bae-3244	21	40	the	the	DET
bae-3244	21	41	counter	counter	NOUN
bae-3244	21	42	.	.	PUNCT
bae-3244	22	1	trading	trade	VERB
bae-3244	22	2	in	in	ADP
bae-3244	22	3	commodity	commodity	NOUN
bae-3244	22	4	derivatives	derivative	NOUN
bae-3244	22	5	also	also	ADV
bae-3244	22	6	increased	increase	VERB
bae-3244	22	7	along	along	ADP
bae-3244	22	8	with	with	ADP
bae-3244	22	9	the	the	DET
bae-3244	22	10	rapid	rapid	ADJ
bae-3244	22	11	expansion	expansion	NOUN
bae-3244	22	12	of	of	ADP
bae-3244	22	13	the	the	DET
bae-3244	22	14	presence	presence	NOUN
bae-3244	22	15	of	of	ADP
bae-3244	22	16	the	the	DET
bae-3244	22	17	commodity	commodity	NOUN
bae-3244	22	18	index	index	NOUN
bae-3244	22	19	traders	trader	NOUN
bae-3244	22	20	(	(	PUNCT
bae-3244	22	21	united	united	PROPN
bae-3244	22	22	nations	nations	PROPN
bae-3244	22	23	,	,	PUNCT
bae-3244	22	24	2011	2011	NUM
bae-3244	22	25	)	)	PUNCT
bae-3244	22	26	.	.	PUNCT
bae-3244	23	1	this	this	DET
bae-3244	23	2	paper	paper	NOUN
bae-3244	23	3	focuses	focus	VERB
bae-3244	23	4	on	on	ADP
bae-3244	23	5	the	the	DET
bae-3244	23	6	usefulness	usefulness	NOUN
bae-3244	23	7	of	of	ADP
bae-3244	23	8	futures	future	NOUN
bae-3244	23	9	prices	price	NOUN
bae-3244	23	10	for	for	ADP
bae-3244	23	11	hedging	hedge	VERB
bae-3244	23	12	against	against	ADP
bae-3244	23	13	price	price	NOUN
bae-3244	23	14	risk	risk	NOUN
bae-3244	23	15	,	,	PUNCT
bae-3244	23	16	paying	pay	VERB
bae-3244	23	17	particular	particular	ADJ
bae-3244	23	18	attention	attention	NOUN
bae-3244	23	19	to	to	ADP
bae-3244	23	20	the	the	DET
bae-3244	23	21	hedging	hedging	NOUN
bae-3244	23	22	performance	performance	NOUN
bae-3244	23	23	in	in	ADP
bae-3244	23	24	recent	recent	ADJ
bae-3244	23	25	years	year	NOUN
bae-3244	23	26	.	.	PUNCT
bae-3244	24	1	in	in	ADP
bae-3244	24	2	addition	addition	NOUN
bae-3244	24	3	,	,	PUNCT
bae-3244	24	4	the	the	DET
bae-3244	24	5	work	work	NOUN
bae-3244	24	6	can	can	AUX
bae-3244	24	7	be	be	AUX
bae-3244	24	8	considered	consider	VERB
bae-3244	24	9	as	as	ADP
bae-3244	24	10	an	an	DET
bae-3244	24	11	indirect	indirect	ADJ
bae-3244	24	12	test	test	NOUN
bae-3244	24	13	of	of	ADP
bae-3244	24	14	whether	whether	SCONJ
bae-3244	24	15	the	the	DET
bae-3244	24	16	increasing	increase	VERB
bae-3244	24	17	presence	presence	NOUN
bae-3244	24	18	of	of	ADP
bae-3244	24	19	speculation	speculation	NOUN
bae-3244	24	20	in	in	ADP
bae-3244	24	21	futures	future	NOUN
bae-3244	24	22	markets	market	NOUN
bae-3244	24	23	has	have	AUX
bae-3244	24	24	made	make	VERB
bae-3244	24	25	them	they	PRON
bae-3244	24	26	divorced	divorced	ADJ
bae-3244	24	27	from	from	ADP
bae-3244	24	28	the	the	DET
bae-3244	24	29	physical	physical	ADJ
bae-3244	24	30	markets	market	NOUN
bae-3244	24	31	,	,	PUNCT
bae-3244	24	32	and	and	CCONJ
bae-3244	24	33	therefore	therefore	ADV
bae-3244	24	34	,	,	PUNCT
bae-3244	24	35	not	not	PART
bae-3244	24	36	useful	useful	ADJ
bae-3244	24	37	for	for	ADP
bae-3244	24	38	price	price	NOUN
bae-3244	24	39	hedging	hedging	NOUN
bae-3244	24	40	.	.	PUNCT
bae-3244	25	1	the	the	DET
bae-3244	25	2	reason	reason	NOUN
bae-3244	25	3	behind	behind	ADP
bae-3244	25	4	this	this	PRON
bae-3244	25	5	is	be	AUX
bae-3244	25	6	because	because	SCONJ
bae-3244	25	7	from	from	ADP
bae-3244	25	8	all	all	DET
bae-3244	25	9	the	the	DET
bae-3244	25	10	reasons	reason	NOUN
bae-3244	25	11	mentioned	mention	VERB
bae-3244	25	12	behind	behind	ADP
bae-3244	25	13	the	the	DET
bae-3244	25	14	increasing	increase	VERB
bae-3244	25	15	volatility	volatility	NOUN
bae-3244	25	16	in	in	ADP
bae-3244	25	17	commodity	commodity	NOUN
bae-3244	25	18	prices	price	NOUN
bae-3244	25	19	(	(	PUNCT
bae-3244	25	20	e.g.	e.g.	ADV
bae-3244	25	21	,	,	PUNCT
bae-3244	25	22	increasing	increase	VERB
bae-3244	25	23	demand	demand	NOUN
bae-3244	25	24	for	for	ADP
bae-3244	25	25	biofuels	biofuel	NOUN
bae-3244	25	26	,	,	PUNCT
bae-3244	25	27	draughts	draught	NOUN
bae-3244	25	28	,	,	PUNCT
bae-3244	25	29	china	china	PROPN
bae-3244	25	30	’s	’s	PART
bae-3244	25	31	increasing	increase	VERB
bae-3244	25	32	demand	demand	NOUN
bae-3244	25	33	for	for	ADP
bae-3244	25	34	food	food	NOUN
bae-3244	25	35	)	)	PUNCT
bae-3244	25	36	,	,	PUNCT
bae-3244	25	37	speculation	speculation	NOUN
bae-3244	25	38	,	,	PUNCT
bae-3244	25	39	as	as	SCONJ
bae-3244	25	40	applied	apply	VERB
bae-3244	25	41	by	by	ADP
bae-3244	25	42	index	index	NOUN
bae-3244	25	43	funds	fund	NOUN
bae-3244	25	44	,	,	PUNCT
bae-3244	25	45	seems	seem	VERB
bae-3244	25	46	to	to	PART
bae-3244	25	47	be	be	AUX
bae-3244	25	48	the	the	DET
bae-3244	25	49	only	only	ADJ
bae-3244	25	50	one	one	NUM
bae-3244	25	51	that	that	PRON
bae-3244	25	52	might	might	AUX
bae-3244	25	53	imply	imply	VERB
bae-3244	25	54	a	a	DET
bae-3244	25	55	divorce	divorce	NOUN
bae-3244	25	56	between	between	ADP
bae-3244	25	57	futures	future	NOUN
bae-3244	25	58	and	and	CCONJ
bae-3244	25	59	physical	physical	ADJ
bae-3244	25	60	markets	market	NOUN
bae-3244	25	61	,	,	PUNCT
bae-3244	25	62	all	all	DET
bae-3244	25	63	the	the	DET
bae-3244	25	64	other	other	ADJ
bae-3244	25	65	reasons	reason	NOUN
bae-3244	25	66	can	can	AUX
bae-3244	25	67	be	be	AUX
bae-3244	25	68	considered	consider	VERB
bae-3244	25	69	as	as	ADP
bae-3244	25	70	movements	movement	NOUN
bae-3244	25	71	on	on	ADP
bae-3244	25	72	the	the	DET
bae-3244	25	73	fundamentals	fundamental	NOUN
bae-3244	25	74	within	within	ADP
bae-3244	25	75	the	the	DET
bae-3244	25	76	commodity	commodity	NOUN
bae-3244	25	77	markets	market	NOUN
bae-3244	25	78	.	.	PUNCT
bae-3244	26	1	the	the	DET
bae-3244	26	2	paper	paper	NOUN
bae-3244	26	3	is	be	AUX
bae-3244	26	4	structured	structure	VERB
bae-3244	26	5	as	as	SCONJ
bae-3244	26	6	follows	follow	VERB
bae-3244	26	7	:	:	PUNCT
bae-3244	26	8	first	first	ADV
bae-3244	26	9	,	,	PUNCT
bae-3244	26	10	we	we	PRON
bae-3244	26	11	provide	provide	VERB
bae-3244	26	12	a	a	DET
bae-3244	26	13	brief	brief	ADJ
bae-3244	26	14	overview	overview	NOUN
bae-3244	26	15	of	of	ADP
bae-3244	26	16	the	the	DET
bae-3244	26	17	discussion	discussion	NOUN
bae-3244	26	18	of	of	ADP
bae-3244	26	19	how	how	SCONJ
bae-3244	26	20	events	event	NOUN
bae-3244	26	21	in	in	ADP
bae-3244	26	22	futures	future	NOUN
bae-3244	26	23	markets	market	NOUN
bae-3244	26	24	are	be	AUX
bae-3244	26	25	affecting	affect	VERB
bae-3244	26	26	commodity	commodity	NOUN
bae-3244	26	27	price	price	NOUN
bae-3244	26	28	volatility	volatility	NOUN
bae-3244	26	29	.	.	PUNCT
bae-3244	27	1	this	this	PRON
bae-3244	27	2	is	be	AUX
bae-3244	27	3	followed	follow	VERB
bae-3244	27	4	by	by	ADP
bae-3244	27	5	the	the	DET
bae-3244	27	6	empirical	empirical	ADJ
bae-3244	27	7	part	part	NOUN
bae-3244	27	8	of	of	ADP
bae-3244	27	9	the	the	DET
bae-3244	27	10	paper	paper	NOUN
bae-3244	27	11	where	where	SCONJ
bae-3244	27	12	the	the	DET
bae-3244	27	13	data	datum	NOUN
bae-3244	27	14	and	and	CCONJ
bae-3244	27	15	the	the	DET
bae-3244	27	16	methods	method	NOUN
bae-3244	27	17	are	be	AUX
bae-3244	27	18	explained	explain	VERB
bae-3244	27	19	.	.	PUNCT
bae-3244	28	1	the	the	DET
bae-3244	28	2	next	next	ADJ
bae-3244	28	3	section	section	NOUN
bae-3244	28	4	presents	present	VERB
bae-3244	28	5	the	the	DET
bae-3244	28	6	results	result	NOUN
bae-3244	28	7	of	of	ADP
bae-3244	28	8	the	the	DET
bae-3244	28	9	different	different	ADJ
bae-3244	28	10	tests	test	NOUN
bae-3244	28	11	and	and	CCONJ
bae-3244	28	12	the	the	DET
bae-3244	28	13	last	last	ADJ
bae-3244	28	14	section	section	NOUN
bae-3244	28	15	offers	offer	VERB
bae-3244	28	16	some	some	DET
bae-3244	28	17	conclusions	conclusion	NOUN
bae-3244	28	18	.	.	PUNCT
bae-3244	29	1	2	2	X
bae-3244	29	2	.	.	X
bae-3244	29	3	evidence	evidence	NOUN
bae-3244	29	4	on	on	ADP
bae-3244	29	5	volatility	volatility	NOUN
bae-3244	29	6	and	and	CCONJ
bae-3244	29	7	speculation	speculation	NOUN
bae-3244	29	8	the	the	DET
bae-3244	29	9	purpose	purpose	NOUN
bae-3244	29	10	of	of	ADP
bae-3244	29	11	this	this	DET
bae-3244	29	12	section	section	NOUN
bae-3244	29	13	is	be	AUX
bae-3244	29	14	to	to	PART
bae-3244	29	15	briefly	briefly	ADV
bae-3244	29	16	review	review	VERB
bae-3244	29	17	evidence	evidence	NOUN
bae-3244	29	18	on	on	ADP
bae-3244	29	19	both	both	CCONJ
bae-3244	29	20	the	the	DET
bae-3244	29	21	rise	rise	NOUN
bae-3244	29	22	in	in	ADP
bae-3244	29	23	volatility	volatility	NOUN
bae-3244	29	24	in	in	ADP
bae-3244	29	25	commodity	commodity	NOUN
bae-3244	29	26	prices	price	NOUN
bae-3244	29	27	,	,	PUNCT
bae-3244	29	28	focusing	focus	VERB
bae-3244	29	29	on	on	ADP
bae-3244	29	30	the	the	DET
bae-3244	29	31	wheat	wheat	NOUN
bae-3244	29	32	market	market	NOUN
bae-3244	29	33	,	,	PUNCT
bae-3244	29	34	and	and	CCONJ
bae-3244	29	35	the	the	DET
bae-3244	29	36	effects	effect	NOUN
bae-3244	29	37	of	of	ADP
bae-3244	29	38	speculation	speculation	NOUN
bae-3244	29	39	on	on	ADP
bae-3244	29	40	futures	future	NOUN
bae-3244	29	41	markets	market	NOUN
bae-3244	29	42	.	.	PUNCT
bae-3244	30	1	2.1	2.1	NUM
bae-3244	30	2	volatility	volatility	NOUN
bae-3244	30	3	in	in	ADP
bae-3244	30	4	wheat	wheat	NOUN
bae-3244	30	5	prices	price	NOUN
bae-3244	30	6	most	most	ADJ
bae-3244	30	7	of	of	ADP
bae-3244	30	8	the	the	DET
bae-3244	30	9	studies	study	NOUN
bae-3244	30	10	on	on	ADP
bae-3244	30	11	the	the	DET
bae-3244	30	12	behaviour	behaviour	NOUN
bae-3244	30	13	of	of	ADP
bae-3244	30	14	commodity	commodity	NOUN
bae-3244	30	15	prices	price	NOUN
bae-3244	30	16	in	in	ADP
bae-3244	30	17	recent	recent	ADJ
bae-3244	30	18	years	year	NOUN
bae-3244	30	19	assert	assert	VERB
bae-3244	30	20	that	that	SCONJ
bae-3244	30	21	food	food	NOUN
bae-3244	30	22	price	price	NOUN
bae-3244	30	23	volatility	volatility	NOUN
bae-3244	30	24	has	have	AUX
bae-3244	30	25	increased	increase	VERB
bae-3244	30	26	.	.	PUNCT
bae-3244	31	1	in	in	ADP
bae-3244	31	2	fact	fact	NOUN
bae-3244	31	3	,	,	PUNCT
bae-3244	31	4	figures	figure	VERB
bae-3244	31	5	1	1	NUM
bae-3244	31	6	to	to	PART
bae-3244	31	7	3	3	NUM
bae-3244	31	8	,	,	PUNCT
bae-3244	31	9	which	which	PRON
bae-3244	31	10	present	present	VERB
bae-3244	31	11	the	the	DET
bae-3244	31	12	evolution	evolution	NOUN
bae-3244	31	13	of	of	ADP
bae-3244	31	14	wheat	wheat	NOUN
bae-3244	31	15	spot	spot	NOUN
bae-3244	31	16	prices	price	NOUN
bae-3244	31	17	in	in	ADP
bae-3244	31	18	three	three	NUM
bae-3244	31	19	eu	eu	PROPN
bae-3244	31	20	countries	country	NOUN
bae-3244	31	21	(	(	PUNCT
bae-3244	31	22	france	france	PROPN
bae-3244	31	23	,	,	PUNCT
bae-3244	31	24	italy	italy	PROPN
bae-3244	31	25	and	and	CCONJ
bae-3244	31	26	uk	uk	PROPN
bae-3244	31	27	)	)	PUNCT
bae-3244	31	28	during	during	ADP
bae-3244	31	29	a	a	DET
bae-3244	31	30	25	25	NUM
bae-3244	31	31	years	year	NOUN
bae-3244	31	32	interval	interval	NOUN
bae-3244	31	33	and	and	CCONJ
bae-3244	31	34	in	in	ADP
bae-3244	31	35	chicago	chicago	PROPN
bae-3244	31	36	,	,	PUNCT
bae-3244	31	37	show	show	VERB
bae-3244	31	38	increasing	increase	VERB
bae-3244	31	39	dispersion	dispersion	NOUN
bae-3244	31	40	in	in	ADP
bae-3244	31	41	commodity	commodity	NOUN
bae-3244	31	42	prices	price	NOUN
bae-3244	31	43	since	since	SCONJ
bae-3244	31	44	2007	2007	NUM
bae-3244	31	45	.	.	PUNCT
bae-3244	32	1	to	to	PART
bae-3244	32	2	quantify	quantify	VERB
bae-3244	32	3	the	the	DET
bae-3244	32	4	increasing	increase	VERB
bae-3244	32	5	dispersion	dispersion	NOUN
bae-3244	32	6	observed	observe	VERB
bae-3244	32	7	in	in	ADP
bae-3244	32	8	commodity	commodity	NOUN
bae-3244	32	9	prices	price	NOUN
bae-3244	32	10	table	table	NOUN
bae-3244	32	11	1	1	NUM
bae-3244	32	12	was	be	AUX
bae-3244	32	13	constructed	construct	VERB
bae-3244	32	14	.	.	PUNCT
bae-3244	33	1	it	it	PRON
bae-3244	33	2	presents	present	VERB
bae-3244	33	3	the	the	DET
bae-3244	33	4	volatility	volatility	NOUN
bae-3244	33	5	of	of	ADP
bae-3244	33	6	the	the	DET
bae-3244	33	7	returns	return	NOUN
bae-3244	33	8	(	(	PUNCT
bae-3244	33	9	i.e.	i.e.	X
bae-3244	33	10	,	,	PUNCT
bae-3244	33	11	first	first	ADJ
bae-3244	33	12	differences	difference	NOUN
bae-3244	33	13	of	of	ADP
bae-3244	33	14	logarithmic	logarithmic	ADJ
bae-3244	33	15	nomi239european	nomi239european	ADJ
bae-3244	33	16	commodity	commodity	NOUN
bae-3244	33	17	futures	future	NOUN
bae-3244	33	18	markets	market	VERB
bae-3244	33	19	nal	nal	ADJ
bae-3244	33	20	prices	price	NOUN
bae-3244	33	21	)	)	PUNCT
bae-3244	33	22	of	of	ADP
bae-3244	33	23	the	the	DET
bae-3244	33	24	four	four	NUM
bae-3244	33	25	spot	spot	NOUN
bae-3244	33	26	prices	price	NOUN
bae-3244	33	27	presented	present	VERB
bae-3244	33	28	in	in	ADP
bae-3244	33	29	figures	figure	NOUN
bae-3244	33	30	1	1	NUM
bae-3244	33	31	to	to	PART
bae-3244	33	32	3	3	NUM
bae-3244	33	33	and	and	CCONJ
bae-3244	33	34	it	it	PRON
bae-3244	33	35	considers	consider	VERB
bae-3244	33	36	three	three	NUM
bae-3244	33	37	periods	period	NOUN
bae-3244	33	38	1988	1988	NUM
bae-3244	33	39	-	-	SYM
bae-3244	33	40	97	97	NUM
bae-3244	33	41	,	,	PUNCT
bae-3244	33	42	1998	1998	NUM
bae-3244	33	43	-	-	SYM
bae-3244	33	44	2005	2005	NUM
bae-3244	33	45	and	and	CCONJ
bae-3244	33	46	2006	2006	NUM
bae-3244	33	47	-	-	SYM
bae-3244	33	48	12	12	NUM
bae-3244	33	49	.	.	PUNCT
bae-3244	34	1	as	as	SCONJ
bae-3244	34	2	shown	show	VERB
bae-3244	34	3	in	in	ADP
bae-3244	34	4	table	table	NOUN
bae-3244	34	5	1	1	NUM
bae-3244	34	6	the	the	DET
bae-3244	34	7	volatility	volatility	NOUN
bae-3244	34	8	of	of	ADP
bae-3244	34	9	the	the	DET
bae-3244	34	10	returns	return	NOUN
bae-3244	34	11	increases	increase	VERB
bae-3244	34	12	over	over	ADP
bae-3244	34	13	time	time	NOUN
bae-3244	34	14	in	in	ADP
bae-3244	34	15	all	all	DET
bae-3244	34	16	the	the	DET
bae-3244	34	17	markets	market	NOUN
bae-3244	34	18	.	.	PUNCT
bae-3244	35	1	it	it	PRON
bae-3244	35	2	is	be	AUX
bae-3244	35	3	important	important	ADJ
bae-3244	35	4	to	to	PART
bae-3244	35	5	note	note	VERB
bae-3244	35	6	that	that	SCONJ
bae-3244	35	7	while	while	SCONJ
bae-3244	35	8	table	table	NOUN
bae-3244	35	9	1	1	NUM
bae-3244	35	10	shows	show	VERB
bae-3244	35	11	that	that	SCONJ
bae-3244	35	12	recent	recent	ADJ
bae-3244	35	13	volatility	volatility	NOUN
bae-3244	35	14	(	(	PUNCT
bae-3244	35	15	i.e.	i.e.	X
bae-3244	35	16	,	,	PUNCT
bae-3244	35	17	since	since	SCONJ
bae-3244	35	18	2007	2007	NUM
bae-3244	35	19	)	)	PUNCT
bae-3244	35	20	increased	increase	VERB
bae-3244	35	21	since	since	SCONJ
bae-3244	35	22	the	the	DET
bae-3244	35	23	1980s	1980s	NUM
bae-3244	35	24	,	,	PUNCT
bae-3244	35	25	gilbert	gilbert	PROPN
bae-3244	35	26	and	and	CCONJ
bae-3244	35	27	morgan	morgan	PROPN
bae-3244	35	28	(	(	PUNCT
bae-3244	35	29	2010	2010	NUM
bae-3244	35	30	)	)	PUNCT
bae-3244	35	31	pointed	point	VERB
bae-3244	35	32	out	out	ADP
bae-3244	35	33	in	in	ADP
bae-3244	35	34	the	the	DET
bae-3244	35	35	past	past	NOUN
bae-3244	35	36	that	that	SCONJ
bae-3244	35	37	there	there	PRON
bae-3244	35	38	have	have	AUX
bae-3244	35	39	been	be	AUX
bae-3244	35	40	also	also	ADV
bae-3244	35	41	periods	period	NOUN
bae-3244	35	42	of	of	ADP
bae-3244	35	43	high	high	ADJ
bae-3244	35	44	volatility	volatility	NOUN
bae-3244	35	45	and	and	CCONJ
bae-3244	35	46	the	the	DET
bae-3244	35	47	recent	recent	ADJ
bae-3244	35	48	levels	level	NOUN
bae-3244	35	49	could	could	AUX
bae-3244	35	50	return	return	VERB
bae-3244	35	51	to	to	ADP
bae-3244	35	52	historical	historical	ADJ
bae-3244	35	53	levels	level	NOUN
bae-3244	35	54	over	over	ADP
bae-3244	35	55	the	the	DET
bae-3244	35	56	coming	come	VERB
bae-3244	35	57	years	year	NOUN
bae-3244	35	58	.	.	PUNCT
bae-3244	36	1	figure	figure	NOUN
bae-3244	36	2	1	1	NUM
bae-3244	36	3	.	.	X
bae-3244	37	1	france	france	PROPN
bae-3244	37	2	and	and	CCONJ
bae-3244	37	3	italy	italy	PROPN
bae-3244	37	4	:	:	PUNCT
bae-3244	37	5	evolution	evolution	PROPN
bae-3244	37	6	milling	mill	VERB
bae-3244	37	7	wheat	wheat	NOUN
bae-3244	37	8	spot	spot	NOUN
bae-3244	37	9	prices	price	NOUN
bae-3244	37	10	,	,	PUNCT
bae-3244	37	11	1998	1998	NUM
bae-3244	37	12	-	-	SYM
bae-3244	37	13	2012	2012	NUM
bae-3244	37	14	.	.	PUNCT
bae-3244	38	1	0.00	0.00	NUM
bae-3244	38	2	50.00	50.00	NUM
bae-3244	38	3	100.00	100.00	NUM
bae-3244	38	4	150.00	150.00	NUM
bae-3244	38	5	200.00	200.00	NUM
bae-3244	38	6	250.00	250.00	NUM
bae-3244	38	7	300.00	300.00	NUM
bae-3244	38	8	350.00	350.00	NUM
bae-3244	38	9	27	27	NUM
bae-3244	38	10	/0	/0	NOUN
bae-3244	38	11	3/	3/	NUM
bae-3244	38	12	19	19	NUM
bae-3244	38	13	98	98	NUM
bae-3244	38	14	27	27	NUM
bae-3244	38	15	/0	/0	NOUN
bae-3244	38	16	7/	7/	NUM
bae-3244	38	17	19	19	NUM
bae-3244	38	18	98	98	NUM
bae-3244	38	19	27	27	NUM
bae-3244	38	20	/1	/1	NOUN
bae-3244	38	21	1/	1/	NUM
bae-3244	38	22	19	19	NUM
bae-3244	38	23	98	98	NUM
bae-3244	38	24	27	27	NUM
bae-3244	38	25	/0	/0	NOUN
bae-3244	38	26	3/	3/	NUM
bae-3244	38	27	19	19	NUM
bae-3244	38	28	99	99	NUM
bae-3244	38	29	27	27	NUM
bae-3244	38	30	/0	/0	NOUN
bae-3244	38	31	7/	7/	NUM
bae-3244	38	32	19	19	NUM
bae-3244	38	33	99	99	NUM
bae-3244	38	34	27	27	NUM
bae-3244	38	35	/1	/1	NOUN
bae-3244	39	1	1/	1/	NUM
bae-3244	39	2	19	19	NUM
bae-3244	39	3	99	99	NUM
bae-3244	39	4	27	27	NUM
bae-3244	39	5	/0	/0	NOUN
bae-3244	39	6	3/	3/	NUM
bae-3244	39	7	20	20	NUM
bae-3244	39	8	00	00	NUM
bae-3244	39	9	27	27	NUM
bae-3244	39	10	/0	/0	NOUN
bae-3244	39	11	7/	7/	NUM
bae-3244	39	12	20	20	NUM
bae-3244	39	13	00	00	NUM
bae-3244	39	14	27	27	NUM
bae-3244	39	15	/1	/1	NOUN
bae-3244	39	16	1/	1/	NUM
bae-3244	39	17	20	20	NUM
bae-3244	39	18	00	00	NUM
bae-3244	39	19	27	27	NUM
bae-3244	39	20	/0	/0	NOUN
bae-3244	39	21	3/	3/	NUM
bae-3244	39	22	20	20	NUM
bae-3244	39	23	01	01	NUM
bae-3244	39	24	27	27	NUM
bae-3244	39	25	/0	/0	NOUN
bae-3244	39	26	7/	7/	NUM
bae-3244	39	27	20	20	NUM
bae-3244	39	28	01	01	NUM
bae-3244	39	29	27	27	NUM
bae-3244	39	30	/1	/1	NOUN
bae-3244	40	1	1/	1/	NUM
bae-3244	40	2	20	20	NUM
bae-3244	40	3	01	01	NUM
bae-3244	40	4	27	27	NUM
bae-3244	40	5	/0	/0	NOUN
bae-3244	40	6	3/	3/	NUM
bae-3244	40	7	20	20	NUM
bae-3244	40	8	02	02	NUM
bae-3244	40	9	27	27	NUM
bae-3244	40	10	/0	/0	NOUN
bae-3244	40	11	7/	7/	NUM
bae-3244	40	12	20	20	NUM
bae-3244	40	13	02	02	NUM
bae-3244	40	14	27	27	NUM
bae-3244	40	15	/1	/1	NOUN
bae-3244	40	16	1/	1/	NUM
bae-3244	40	17	20	20	NUM
bae-3244	40	18	02	02	NUM
bae-3244	40	19	27	27	NUM
bae-3244	40	20	/0	/0	NOUN
bae-3244	40	21	3/	3/	NUM
bae-3244	40	22	20	20	NUM
bae-3244	40	23	03	03	NUM
bae-3244	40	24	27	27	NUM
bae-3244	40	25	/0	/0	NOUN
bae-3244	40	26	7/	7/	NUM
bae-3244	40	27	20	20	NUM
bae-3244	40	28	03	03	NUM
bae-3244	40	29	27	27	NUM
bae-3244	40	30	/1	/1	NOUN
bae-3244	41	1	1/	1/	NUM
bae-3244	41	2	20	20	NUM
bae-3244	41	3	03	03	NUM
bae-3244	41	4	27	27	NUM
bae-3244	41	5	/0	/0	NOUN
bae-3244	41	6	3/	3/	NUM
bae-3244	41	7	20	20	NUM
bae-3244	41	8	04	04	NUM
bae-3244	41	9	27	27	NUM
bae-3244	41	10	/0	/0	NOUN
bae-3244	41	11	7/	7/	NUM
bae-3244	41	12	20	20	NUM
bae-3244	41	13	04	04	NUM
bae-3244	41	14	27	27	NUM
bae-3244	41	15	/1	/1	NOUN
bae-3244	41	16	1/	1/	NUM
bae-3244	41	17	20	20	NUM
bae-3244	41	18	04	04	NUM
bae-3244	41	19	27	27	NUM
bae-3244	41	20	/0	/0	NOUN
bae-3244	41	21	3/	3/	NUM
bae-3244	41	22	20	20	NUM
bae-3244	41	23	05	05	NUM
bae-3244	41	24	27	27	NUM
bae-3244	41	25	/0	/0	NOUN
bae-3244	41	26	7/	7/	NUM
bae-3244	41	27	20	20	NUM
bae-3244	41	28	05	05	NUM
bae-3244	41	29	27	27	NUM
bae-3244	41	30	/1	/1	NOUN
bae-3244	42	1	1/	1/	NUM
bae-3244	42	2	20	20	NUM
bae-3244	42	3	05	05	NUM
bae-3244	42	4	27	27	NUM
bae-3244	42	5	/0	/0	NOUN
bae-3244	42	6	3/	3/	NUM
bae-3244	42	7	20	20	NUM
bae-3244	42	8	06	06	NUM
bae-3244	42	9	27	27	NUM
bae-3244	42	10	/0	/0	NOUN
bae-3244	42	11	7/	7/	NUM
bae-3244	42	12	20	20	NUM
bae-3244	42	13	06	06	NUM
bae-3244	42	14	27	27	NUM
bae-3244	42	15	/1	/1	NOUN
bae-3244	42	16	1/	1/	NUM
bae-3244	42	17	20	20	NUM
bae-3244	42	18	06	06	NUM
bae-3244	42	19	27	27	NUM
bae-3244	42	20	/0	/0	NOUN
bae-3244	42	21	3/	3/	NUM
bae-3244	42	22	20	20	NUM
bae-3244	42	23	07	07	NUM
bae-3244	42	24	27	27	NUM
bae-3244	42	25	/0	/0	NOUN
bae-3244	42	26	7/	7/	NUM
bae-3244	42	27	20	20	NUM
bae-3244	42	28	07	07	NUM
bae-3244	42	29	27	27	NUM
bae-3244	42	30	/1	/1	NOUN
bae-3244	42	31	1/	1/	NUM
bae-3244	42	32	20	20	NUM
bae-3244	42	33	07	07	NUM
bae-3244	42	34	27	27	NUM
bae-3244	42	35	/0	/0	NOUN
bae-3244	42	36	3/	3/	NUM
bae-3244	42	37	20	20	NUM
bae-3244	42	38	08	08	NUM
bae-3244	42	39	27	27	NUM
bae-3244	42	40	/0	/0	NOUN
bae-3244	42	41	7/	7/	NUM
bae-3244	42	42	20	20	NUM
bae-3244	42	43	08	08	NUM
bae-3244	42	44	27	27	NUM
bae-3244	42	45	/1	/1	NOUN
bae-3244	42	46	1/	1/	NUM
bae-3244	42	47	20	20	NUM
bae-3244	42	48	08	08	NUM
bae-3244	42	49	27	27	NUM
bae-3244	42	50	/0	/0	NOUN
bae-3244	42	51	3/	3/	NUM
bae-3244	42	52	20	20	NUM
bae-3244	42	53	09	09	NUM
bae-3244	42	54	27	27	NUM
bae-3244	42	55	/0	/0	NOUN
bae-3244	42	56	7/	7/	NUM
bae-3244	42	57	20	20	NUM
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bae-3244	42	59	27	27	NUM
bae-3244	42	60	/1	/1	NOUN
bae-3244	42	61	1/	1/	NUM
bae-3244	42	62	20	20	NUM
bae-3244	42	63	09	09	NUM
bae-3244	42	64	27	27	NUM
bae-3244	42	65	/0	/0	NOUN
bae-3244	42	66	3/	3/	NUM
bae-3244	42	67	20	20	NUM
bae-3244	42	68	10	10	NUM
bae-3244	42	69	27	27	NUM
bae-3244	42	70	/0	/0	NOUN
bae-3244	42	71	7/	7/	NUM
bae-3244	42	72	20	20	NUM
bae-3244	42	73	10	10	NUM
bae-3244	42	74	27	27	NUM
bae-3244	42	75	/1	/1	NOUN
bae-3244	42	76	1/	1/	NUM
bae-3244	42	77	20	20	NUM
bae-3244	42	78	10	10	NUM
bae-3244	42	79	27	27	NUM
bae-3244	42	80	/0	/0	NOUN
bae-3244	42	81	3/	3/	NUM
bae-3244	42	82	20	20	NUM
bae-3244	42	83	11	11	NUM
bae-3244	42	84	27	27	NUM
bae-3244	42	85	/0	/0	NOUN
bae-3244	42	86	7/	7/	NUM
bae-3244	42	87	20	20	NUM
bae-3244	42	88	11	11	NUM
bae-3244	42	89	27	27	NUM
bae-3244	42	90	/1	/1	NOUN
bae-3244	42	91	1/	1/	NUM
bae-3244	42	92	20	20	NUM
bae-3244	42	93	11	11	NUM
bae-3244	42	94	27	27	NUM
bae-3244	42	95	/0	/0	NOUN
bae-3244	42	96	3/	3/	NUM
bae-3244	42	97	20	20	NUM
bae-3244	42	98	12	12	NUM
bae-3244	42	99	eu	eu	PROPN
bae-3244	42	100	ro	ro	PROPN
bae-3244	42	101	/t	/t	PUNCT
bae-3244	42	102	on	on	ADP
bae-3244	42	103	ne	ne	PROPN
bae-3244	42	104	france	france	PROPN
bae-3244	42	105	italy	italy	PROPN
bae-3244	42	106	source	source	PROPN
bae-3244	42	107	:	:	PUNCT
bae-3244	42	108	la	la	ADJ
bae-3244	42	109	depeche	depeche	PROPN
bae-3244	42	110	agricole	agricole	PROPN
bae-3244	42	111	and	and	CCONJ
bae-3244	42	112	ager	ager	PROPN
bae-3244	42	113	borsa	borsa	PROPN
bae-3244	42	114	merci	merci	PROPN
bae-3244	42	115	di	di	X
bae-3244	42	116	bologna	bologna	PROPN
bae-3244	42	117	.	.	PUNCT
bae-3244	43	1	note	note	NOUN
bae-3244	43	2	:	:	PUNCT
bae-3244	44	1	figures	figure	NOUN
bae-3244	44	2	correspond	correspond	VERB
bae-3244	44	3	to	to	ADP
bae-3244	44	4	standard	standard	ADJ
bae-3244	44	5	milling	milling	NOUN
bae-3244	44	6	wheat	wheat	NOUN
bae-3244	44	7	in	in	ADP
bae-3244	44	8	rouen	rouen	PROPN
bae-3244	44	9	(	(	PUNCT
bae-3244	44	10	france	france	PROPN
bae-3244	44	11	)	)	PUNCT
bae-3244	44	12	and	and	CCONJ
bae-3244	44	13	bologna	bologna	PROPN
bae-3244	44	14	(	(	PUNCT
bae-3244	44	15	italy	italy	PROPN
bae-3244	44	16	)	)	PUNCT
bae-3244	44	17	.	.	PUNCT
bae-3244	45	1	figure	figure	NOUN
bae-3244	45	2	2	2	NUM
bae-3244	45	3	.	.	X
bae-3244	46	1	uk	uk	PROPN
bae-3244	46	2	:	:	PUNCT
bae-3244	46	3	evolution	evolution	NOUN
bae-3244	46	4	of	of	ADP
bae-3244	46	5	feed	feed	NOUN
bae-3244	46	6	wheat	wheat	NOUN
bae-3244	46	7	spot	spot	NOUN
bae-3244	46	8	prices	price	NOUN
bae-3244	46	9	,	,	PUNCT
bae-3244	46	10	1988	1988	NUM
bae-3244	46	11	-	-	SYM
bae-3244	46	12	2012	2012	NUM
bae-3244	46	13	.	.	PUNCT
bae-3244	47	1	0	0	NUM
bae-3244	47	2	50	50	NUM
bae-3244	47	3	100	100	NUM
bae-3244	47	4	150	150	NUM
bae-3244	47	5	200	200	NUM
bae-3244	47	6	250	250	NUM
bae-3244	47	7	03	03	NUM
bae-3244	47	8	/1	/1	NOUN
bae-3244	47	9	0/	0/	NUM
bae-3244	47	10	19	19	NUM
bae-3244	47	11	88	88	NUM
bae-3244	47	12	03	03	NUM
bae-3244	47	13	/0	/0	NOUN
bae-3244	47	14	4/	4/	NUM
bae-3244	47	15	19	19	NUM
bae-3244	47	16	89	89	NUM
bae-3244	47	17	03	03	NUM
bae-3244	47	18	/1	/1	NOUN
bae-3244	47	19	0/	0/	NUM
bae-3244	47	20	19	19	NUM
bae-3244	47	21	89	89	NUM
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bae-3244	47	23	/0	/0	NOUN
bae-3244	48	1	4/	4/	NUM
bae-3244	48	2	19	19	NUM
bae-3244	48	3	90	90	NUM
bae-3244	48	4	03	03	NUM
bae-3244	48	5	/1	/1	NOUN
bae-3244	49	1	0/	0/	NUM
bae-3244	49	2	19	19	NUM
bae-3244	49	3	90	90	NUM
bae-3244	49	4	03	03	NUM
bae-3244	49	5	/0	/0	NOUN
bae-3244	49	6	4/	4/	NUM
bae-3244	49	7	19	19	NUM
bae-3244	49	8	91	91	NUM
bae-3244	49	9	03	03	NUM
bae-3244	49	10	/1	/1	NOUN
bae-3244	50	1	0/	0/	NUM
bae-3244	50	2	19	19	NUM
bae-3244	50	3	91	91	NUM
bae-3244	50	4	03	03	NUM
bae-3244	50	5	/0	/0	NOUN
bae-3244	50	6	4/	4/	NUM
bae-3244	51	1	19	19	NUM
bae-3244	51	2	92	92	NUM
bae-3244	51	3	03	03	NUM
bae-3244	51	4	/1	/1	NOUN
bae-3244	51	5	0/	0/	NUM
bae-3244	51	6	19	19	NUM
bae-3244	51	7	92	92	NUM
bae-3244	51	8	03	03	NUM
bae-3244	51	9	/0	/0	NOUN
bae-3244	51	10	4/	4/	NUM
bae-3244	52	1	19	19	NUM
bae-3244	52	2	93	93	NUM
bae-3244	52	3	03	03	NUM
bae-3244	52	4	/1	/1	NOUN
bae-3244	52	5	0/	0/	NUM
bae-3244	52	6	19	19	NUM
bae-3244	52	7	93	93	NUM
bae-3244	52	8	03	03	NUM
bae-3244	53	1	/0	/0	NOUN
bae-3244	53	2	4/	4/	NUM
bae-3244	53	3	19	19	NUM
bae-3244	53	4	94	94	NUM
bae-3244	53	5	03	03	NUM
bae-3244	53	6	/1	/1	NOUN
bae-3244	53	7	0/	0/	NUM
bae-3244	54	1	19	19	NUM
bae-3244	54	2	94	94	NUM
bae-3244	54	3	03	03	NUM
bae-3244	54	4	/0	/0	NOUN
bae-3244	54	5	4/	4/	NUM
bae-3244	54	6	19	19	NUM
bae-3244	54	7	95	95	NUM
bae-3244	54	8	03	03	NUM
bae-3244	54	9	/1	/1	NOUN
bae-3244	54	10	0/	0/	NUM
bae-3244	55	1	19	19	NUM
bae-3244	55	2	95	95	NUM
bae-3244	55	3	03	03	NUM
bae-3244	55	4	/0	/0	NOUN
bae-3244	55	5	4/	4/	NUM
bae-3244	56	1	19	19	NUM
bae-3244	56	2	96	96	NUM
bae-3244	56	3	03	03	NUM
bae-3244	56	4	/1	/1	NOUN
bae-3244	56	5	0/	0/	NUM
bae-3244	56	6	19	19	NUM
bae-3244	56	7	96	96	NUM
bae-3244	56	8	03	03	NUM
bae-3244	57	1	/0	/0	NOUN
bae-3244	57	2	4/	4/	NUM
bae-3244	58	1	19	19	NUM
bae-3244	58	2	97	97	NUM
bae-3244	58	3	03	03	NUM
bae-3244	58	4	/1	/1	NOUN
bae-3244	58	5	0/	0/	NUM
bae-3244	58	6	19	19	NUM
bae-3244	58	7	97	97	NUM
bae-3244	58	8	03	03	NUM
bae-3244	59	1	/0	/0	NOUN
bae-3244	59	2	4/	4/	NUM
bae-3244	60	1	19	19	NUM
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bae-3244	60	4	/1	/1	NOUN
bae-3244	60	5	0/	0/	NUM
bae-3244	60	6	19	19	NUM
bae-3244	60	7	98	98	NUM
bae-3244	60	8	03	03	NUM
bae-3244	61	1	/0	/0	NOUN
bae-3244	61	2	4/	4/	NUM
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bae-3244	62	1	/1	/1	NOUN
bae-3244	63	1	0/	0/	NUM
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bae-3244	63	5	/0	/0	NOUN
bae-3244	63	6	4/	4/	NUM
bae-3244	63	7	20	20	NUM
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bae-3244	63	10	/1	/1	NOUN
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bae-3244	64	2	20	20	NUM
bae-3244	64	3	00	00	NUM
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bae-3244	65	1	/0	/0	NOUN
bae-3244	65	2	4/	4/	NUM
bae-3244	66	1	20	20	NUM
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bae-3244	66	4	/1	/1	NOUN
bae-3244	66	5	0/	0/	NUM
bae-3244	66	6	20	20	NUM
bae-3244	66	7	01	01	NUM
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bae-3244	67	1	/0	/0	NOUN
bae-3244	67	2	4/	4/	NUM
bae-3244	67	3	20	20	NUM
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bae-3244	67	6	/1	/1	NOUN
bae-3244	68	1	0/	0/	NUM
bae-3244	68	2	20	20	NUM
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bae-3244	68	5	/0	/0	NOUN
bae-3244	68	6	4/	4/	NUM
bae-3244	69	1	20	20	NUM
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bae-3244	69	3	03	03	NUM
bae-3244	69	4	/1	/1	NOUN
bae-3244	69	5	0/	0/	NUM
bae-3244	69	6	20	20	NUM
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bae-3244	69	8	03	03	NUM
bae-3244	70	1	/0	/0	NOUN
bae-3244	70	2	4/	4/	NUM
bae-3244	70	3	20	20	NUM
bae-3244	70	4	04	04	NUM
bae-3244	70	5	03	03	NUM
bae-3244	70	6	/1	/1	NOUN
bae-3244	71	1	0/	0/	NUM
bae-3244	72	1	20	20	NUM
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bae-3244	73	1	/0	/0	NOUN
bae-3244	73	2	4/	4/	NUM
bae-3244	74	1	20	20	NUM
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bae-3244	74	4	/1	/1	NOUN
bae-3244	75	1	0/	0/	NUM
bae-3244	75	2	20	20	NUM
bae-3244	76	1	05	05	NUM
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bae-3244	76	3	/0	/0	NOUN
bae-3244	76	4	4/	4/	NUM
bae-3244	76	5	20	20	NUM
bae-3244	76	6	06	06	NUM
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bae-3244	76	8	/1	/1	NOUN
bae-3244	77	1	0/	0/	NUM
bae-3244	77	2	20	20	NUM
bae-3244	77	3	06	06	NUM
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bae-3244	78	1	/0	/0	NOUN
bae-3244	78	2	4/	4/	NUM
bae-3244	79	1	20	20	NUM
bae-3244	79	2	07	07	NUM
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bae-3244	79	4	/1	/1	NOUN
bae-3244	79	5	0/	0/	NUM
bae-3244	79	6	20	20	NUM
bae-3244	79	7	07	07	NUM
bae-3244	79	8	03	03	NUM
bae-3244	80	1	/0	/0	NOUN
bae-3244	80	2	4/	4/	NUM
bae-3244	81	1	20	20	NUM
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bae-3244	81	4	/1	/1	NOUN
bae-3244	81	5	0/	0/	NUM
bae-3244	81	6	20	20	NUM
bae-3244	81	7	08	08	NUM
bae-3244	81	8	03	03	NUM
bae-3244	82	1	/0	/0	NOUN
bae-3244	82	2	4/	4/	NUM
bae-3244	82	3	20	20	NUM
bae-3244	82	4	09	09	NUM
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bae-3244	82	6	/1	/1	NOUN
bae-3244	83	1	0/	0/	NUM
bae-3244	83	2	20	20	NUM
bae-3244	83	3	09	09	NUM
bae-3244	83	4	03	03	NUM
bae-3244	83	5	/0	/0	NOUN
bae-3244	83	6	4/	4/	NUM
bae-3244	84	1	20	20	NUM
bae-3244	84	2	10	10	NUM
bae-3244	84	3	03	03	NUM
bae-3244	84	4	/1	/1	NOUN
bae-3244	84	5	0/	0/	NUM
bae-3244	84	6	20	20	NUM
bae-3244	84	7	10	10	NUM
bae-3244	84	8	03	03	NUM
bae-3244	85	1	/0	/0	NOUN
bae-3244	85	2	4/	4/	NUM
bae-3244	86	1	20	20	NUM
bae-3244	86	2	11	11	NUM
bae-3244	86	3	03	03	NUM
bae-3244	86	4	/1	/1	NOUN
bae-3244	86	5	0/	0/	NUM
bae-3244	86	6	20	20	NUM
bae-3244	86	7	11	11	NUM
bae-3244	86	8	03	03	NUM
bae-3244	87	1	/0	/0	NOUN
bae-3244	88	1	4/	4/	NUM
bae-3244	88	2	20	20	NUM
bae-3244	88	3	12	12	NUM
bae-3244	88	4	g	g	PROPN
bae-3244	88	5	b	b	NOUN
bae-3244	88	6	p/	p/	NOUN
bae-3244	88	7	to	to	ADP
bae-3244	88	8	nn	nn	X
bae-3244	88	9	e	e	PROPN
bae-3244	88	10	source	source	NOUN
bae-3244	88	11	:	:	PUNCT
bae-3244	88	12	agricultural	agricultural	ADJ
bae-3244	88	13	and	and	CCONJ
bae-3244	88	14	horticultural	horticultural	ADJ
bae-3244	88	15	development	development	NOUN
bae-3244	88	16	board	board	PROPN
bae-3244	88	17	(	(	PUNCT
bae-3244	88	18	ahdb	ahdb	PROPN
bae-3244	88	19	)	)	PUNCT
bae-3244	88	20	.	.	PUNCT
bae-3244	89	1	note	note	NOUN
bae-3244	89	2	:	:	PUNCT
bae-3244	89	3	figures	figure	NOUN
bae-3244	89	4	correspond	correspond	VERB
bae-3244	89	5	to	to	ADP
bae-3244	89	6	east	east	PROPN
bae-3244	89	7	anglia	anglia	PROPN
bae-3244	89	8	feed	feed	NOUN
bae-3244	89	9	wheat	wheat	NOUN
bae-3244	89	10	.	.	PUNCT
bae-3244	90	1	240	240	NUM
bae-3244	90	2	c.	c.	PROPN
bae-3244	90	3	revoredo	revoredo	PROPN
bae-3244	90	4	-	-	PUNCT
bae-3244	90	5	giha	giha	PROPN
bae-3244	90	6	,	,	PUNCT
bae-3244	90	7	m.	m.	NOUN
bae-3244	90	8	zuppiroli	zuppiroli	NOUN
bae-3244	90	9	figure	figure	VERB
bae-3244	90	10	3	3	NUM
bae-3244	90	11	.	.	PUNCT
bae-3244	91	1	chicago	chicago	PROPN
bae-3244	91	2	:	:	PUNCT
bae-3244	91	3	evolution	evolution	NOUN
bae-3244	91	4	of	of	ADP
bae-3244	91	5	wheat	wheat	NOUN
bae-3244	91	6	spot	spot	NOUN
bae-3244	91	7	prices	price	NOUN
bae-3244	91	8	,	,	PUNCT
bae-3244	91	9	1988	1988	NUM
bae-3244	91	10	-	-	SYM
bae-3244	91	11	2012	2012	NUM
bae-3244	91	12	.	.	PUNCT
bae-3244	92	1	0	0	NUM
bae-3244	93	1	200	200	NUM
bae-3244	93	2	400	400	NUM
bae-3244	93	3	600	600	NUM
bae-3244	93	4	800	800	NUM
bae-3244	93	5	1000	1000	NUM
bae-3244	93	6	1200	1200	NUM
bae-3244	93	7	1400	1400	NUM
bae-3244	93	8	01	01	NUM
bae-3244	93	9	/0	/0	NOUN
bae-3244	93	10	1/	1/	NUM
bae-3244	93	11	19	19	NUM
bae-3244	93	12	88	88	NUM
bae-3244	93	13	01	01	NUM
bae-3244	93	14	/0	/0	NOUN
bae-3244	93	15	7/	7/	NUM
bae-3244	93	16	19	19	NUM
bae-3244	93	17	88	88	NUM
bae-3244	93	18	01	01	NUM
bae-3244	93	19	/0	/0	NOUN
bae-3244	93	20	1/	1/	NUM
bae-3244	93	21	19	19	NUM
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bae-3244	93	23	01	01	NUM
bae-3244	93	24	/0	/0	NOUN
bae-3244	93	25	7/	7/	NUM
bae-3244	93	26	19	19	NUM
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bae-3244	93	28	01	01	NUM
bae-3244	93	29	/0	/0	NOUN
bae-3244	93	30	1/	1/	NUM
bae-3244	93	31	19	19	NUM
bae-3244	93	32	90	90	NUM
bae-3244	93	33	01	01	NUM
bae-3244	93	34	/0	/0	NOUN
bae-3244	93	35	7/	7/	NUM
bae-3244	93	36	19	19	NUM
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bae-3244	93	38	01	01	NUM
bae-3244	93	39	/0	/0	NOUN
bae-3244	93	40	1/	1/	NUM
bae-3244	93	41	19	19	NUM
bae-3244	93	42	91	91	NUM
bae-3244	93	43	01	01	NUM
bae-3244	93	44	/0	/0	NOUN
bae-3244	93	45	7/	7/	NUM
bae-3244	93	46	19	19	NUM
bae-3244	93	47	91	91	NUM
bae-3244	93	48	01	01	NUM
bae-3244	93	49	/0	/0	NOUN
bae-3244	93	50	1/	1/	NUM
bae-3244	93	51	19	19	NUM
bae-3244	93	52	92	92	NUM
bae-3244	93	53	01	01	NUM
bae-3244	93	54	/0	/0	NOUN
bae-3244	93	55	7/	7/	NUM
bae-3244	93	56	19	19	NUM
bae-3244	93	57	92	92	NUM
bae-3244	93	58	01	01	NUM
bae-3244	93	59	/0	/0	NOUN
bae-3244	93	60	1/	1/	NUM
bae-3244	93	61	19	19	NUM
bae-3244	93	62	93	93	NUM
bae-3244	93	63	01	01	NUM
bae-3244	93	64	/0	/0	NOUN
bae-3244	93	65	7/	7/	NUM
bae-3244	93	66	19	19	NUM
bae-3244	93	67	93	93	NUM
bae-3244	93	68	01	01	NUM
bae-3244	93	69	/0	/0	NOUN
bae-3244	93	70	1/	1/	NUM
bae-3244	93	71	19	19	NUM
bae-3244	93	72	94	94	NUM
bae-3244	93	73	01	01	NUM
bae-3244	93	74	/0	/0	NOUN
bae-3244	93	75	7/	7/	NUM
bae-3244	93	76	19	19	NUM
bae-3244	93	77	94	94	NUM
bae-3244	93	78	01	01	NUM
bae-3244	93	79	/0	/0	NOUN
bae-3244	93	80	1/	1/	NUM
bae-3244	93	81	19	19	NUM
bae-3244	93	82	95	95	NUM
bae-3244	93	83	01	01	NUM
bae-3244	93	84	/0	/0	NOUN
bae-3244	93	85	7/	7/	NUM
bae-3244	93	86	19	19	NUM
bae-3244	93	87	95	95	NUM
bae-3244	93	88	01	01	NUM
bae-3244	93	89	/0	/0	NOUN
bae-3244	93	90	1/	1/	NUM
bae-3244	93	91	19	19	NUM
bae-3244	93	92	96	96	NUM
bae-3244	93	93	01	01	NUM
bae-3244	93	94	/0	/0	NOUN
bae-3244	93	95	7/	7/	NUM
bae-3244	93	96	19	19	NUM
bae-3244	93	97	96	96	NUM
bae-3244	93	98	01	01	NUM
bae-3244	93	99	/0	/0	NOUN
bae-3244	93	100	1/	1/	NUM
bae-3244	93	101	19	19	NUM
bae-3244	93	102	97	97	NUM
bae-3244	93	103	01	01	NUM
bae-3244	93	104	/0	/0	NOUN
bae-3244	93	105	7/	7/	NUM
bae-3244	93	106	19	19	NUM
bae-3244	93	107	97	97	NUM
bae-3244	93	108	01	01	NUM
bae-3244	93	109	/0	/0	NOUN
bae-3244	93	110	1/	1/	NUM
bae-3244	93	111	19	19	NUM
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bae-3244	93	113	01	01	NUM
bae-3244	93	114	/0	/0	NOUN
bae-3244	93	115	7/	7/	NUM
bae-3244	93	116	19	19	NUM
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bae-3244	93	118	01	01	NUM
bae-3244	93	119	/0	/0	NOUN
bae-3244	93	120	1/	1/	NUM
bae-3244	93	121	19	19	NUM
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bae-3244	93	123	01	01	NUM
bae-3244	93	124	/0	/0	NOUN
bae-3244	93	125	7/	7/	NUM
bae-3244	93	126	19	19	NUM
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bae-3244	93	128	01	01	NUM
bae-3244	93	129	/0	/0	NOUN
bae-3244	93	130	1/	1/	NUM
bae-3244	93	131	20	20	NUM
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bae-3244	93	133	01	01	NUM
bae-3244	93	134	/0	/0	NOUN
bae-3244	93	135	7/	7/	NUM
bae-3244	93	136	20	20	NUM
bae-3244	93	137	00	00	NUM
bae-3244	93	138	01	01	NUM
bae-3244	93	139	/0	/0	NOUN
bae-3244	93	140	1/	1/	NUM
bae-3244	93	141	20	20	NUM
bae-3244	93	142	01	01	NUM
bae-3244	93	143	01	01	NUM
bae-3244	93	144	/0	/0	NOUN
bae-3244	93	145	7/	7/	NUM
bae-3244	93	146	20	20	NUM
bae-3244	93	147	01	01	NUM
bae-3244	93	148	01	01	NUM
bae-3244	93	149	/0	/0	NOUN
bae-3244	93	150	1/	1/	NUM
bae-3244	93	151	20	20	NUM
bae-3244	93	152	02	02	NUM
bae-3244	93	153	01	01	NUM
bae-3244	93	154	/0	/0	NOUN
bae-3244	93	155	7/	7/	NUM
bae-3244	93	156	20	20	NUM
bae-3244	93	157	02	02	NUM
bae-3244	93	158	01	01	NUM
bae-3244	93	159	/0	/0	NOUN
bae-3244	93	160	1/	1/	NUM
bae-3244	93	161	20	20	NUM
bae-3244	93	162	03	03	NUM
bae-3244	93	163	01	01	NUM
bae-3244	93	164	/0	/0	NOUN
bae-3244	93	165	7/	7/	NUM
bae-3244	93	166	20	20	NUM
bae-3244	93	167	03	03	NUM
bae-3244	93	168	01	01	NUM
bae-3244	94	1	/0	/0	NOUN
bae-3244	95	1	1/	1/	NUM
bae-3244	95	2	20	20	NUM
bae-3244	95	3	04	04	NUM
bae-3244	95	4	01	01	NUM
bae-3244	95	5	/0	/0	NOUN
bae-3244	95	6	7/	7/	NUM
bae-3244	95	7	20	20	NUM
bae-3244	95	8	04	04	NUM
bae-3244	95	9	01	01	NUM
bae-3244	96	1	/0	/0	NOUN
bae-3244	97	1	1/	1/	NUM
bae-3244	97	2	20	20	NUM
bae-3244	97	3	05	05	NUM
bae-3244	97	4	01	01	NUM
bae-3244	97	5	/0	/0	NOUN
bae-3244	97	6	7/	7/	NUM
bae-3244	97	7	20	20	NUM
bae-3244	97	8	05	05	NUM
bae-3244	97	9	01	01	NUM
bae-3244	98	1	/0	/0	NOUN
bae-3244	99	1	1/	1/	NUM
bae-3244	99	2	20	20	NUM
bae-3244	99	3	06	06	NUM
bae-3244	99	4	01	01	NUM
bae-3244	99	5	/0	/0	NOUN
bae-3244	99	6	7/	7/	NUM
bae-3244	99	7	20	20	NUM
bae-3244	99	8	06	06	NUM
bae-3244	99	9	01	01	NUM
bae-3244	99	10	/0	/0	NOUN
bae-3244	99	11	1/	1/	NUM
bae-3244	99	12	20	20	NUM
bae-3244	99	13	07	07	NUM
bae-3244	99	14	01	01	NUM
bae-3244	99	15	/0	/0	NOUN
bae-3244	99	16	7/	7/	NUM
bae-3244	99	17	20	20	NUM
bae-3244	99	18	07	07	NUM
bae-3244	99	19	01	01	NUM
bae-3244	99	20	/0	/0	NOUN
bae-3244	99	21	1/	1/	NUM
bae-3244	99	22	20	20	NUM
bae-3244	99	23	08	08	NUM
bae-3244	99	24	01	01	NUM
bae-3244	99	25	/0	/0	NOUN
bae-3244	99	26	7/	7/	NUM
bae-3244	99	27	20	20	NUM
bae-3244	99	28	08	08	NUM
bae-3244	99	29	01	01	NUM
bae-3244	100	1	/0	/0	NOUN
bae-3244	100	2	1/	1/	NUM
bae-3244	100	3	20	20	NUM
bae-3244	100	4	09	09	NUM
bae-3244	100	5	01	01	NUM
bae-3244	100	6	/0	/0	NOUN
bae-3244	100	7	7/	7/	NUM
bae-3244	100	8	20	20	NUM
bae-3244	100	9	09	09	NUM
bae-3244	100	10	01	01	NUM
bae-3244	100	11	/0	/0	NOUN
bae-3244	100	12	1/	1/	NUM
bae-3244	100	13	20	20	NUM
bae-3244	100	14	10	10	NUM
bae-3244	100	15	01	01	NUM
bae-3244	100	16	/0	/0	NOUN
bae-3244	100	17	7/	7/	NUM
bae-3244	100	18	20	20	NUM
bae-3244	100	19	10	10	NUM
bae-3244	100	20	01	01	NUM
bae-3244	100	21	/0	/0	NOUN
bae-3244	100	22	1/	1/	NUM
bae-3244	100	23	20	20	NUM
bae-3244	100	24	11	11	NUM
bae-3244	100	25	01	01	NUM
bae-3244	100	26	/0	/0	NOUN
bae-3244	100	27	7/	7/	NUM
bae-3244	100	28	20	20	NUM
bae-3244	100	29	11	11	NUM
bae-3244	100	30	01	01	NUM
bae-3244	100	31	/0	/0	NOUN
bae-3244	100	32	1/	1/	NUM
bae-3244	100	33	20	20	NUM
bae-3244	100	34	12	12	NUM
bae-3244	100	35	u	u	NOUN
bae-3244	100	36	s	s	PROPN
bae-3244	100	37	ce	ce	X
bae-3244	100	38	nt	not	PART
bae-3244	100	39	s/	s/	PROPN
bae-3244	101	1	b	b	NOUN
bae-3244	101	2	us	we	PRON
bae-3244	101	3	he	he	PRON
bae-3244	101	4	l	l	NOUN
bae-3244	101	5	source	source	NOUN
bae-3244	101	6	:	:	PUNCT
bae-3244	101	7	chicago	chicago	PROPN
bae-3244	101	8	mercantile	mercantile	PROPN
bae-3244	101	9	exchange	exchange	PROPN
bae-3244	101	10	(	(	PUNCT
bae-3244	101	11	cbot	cbot	PROPN
bae-3244	101	12	)	)	PUNCT
bae-3244	101	13	.	.	PUNCT
bae-3244	102	1	note	note	NOUN
bae-3244	102	2	:	:	PUNCT
bae-3244	102	3	figures	figure	NOUN
bae-3244	102	4	correspond	correspond	VERB
bae-3244	102	5	to	to	ADP
bae-3244	102	6	soft	soft	ADJ
bae-3244	102	7	red	red	ADJ
bae-3244	102	8	winter	winter	NOUN
bae-3244	102	9	wheat	wheat	NOUN
bae-3244	102	10	.	.	PUNCT
bae-3244	103	1	table	table	NOUN
bae-3244	103	2	1	1	NUM
bae-3244	103	3	.	.	PUNCT
bae-3244	103	4	wheat	wheat	NOUN
bae-3244	103	5	spot	spot	NOUN
bae-3244	103	6	price	price	NOUN
bae-3244	103	7	volatility	volatility	NOUN
bae-3244	103	8	by	by	ADP
bae-3244	103	9	period	period	NOUN
bae-3244	103	10	.	.	PUNCT
bae-3244	104	1	cash	cash	NOUN
bae-3244	104	2	market	market	NOUN
bae-3244	104	3	1988	1988	NUM
bae-3244	104	4	1997	1997	NUM
bae-3244	104	5	1998	1998	NUM
bae-3244	104	6	2006	2006	NUM
bae-3244	104	7	2007	2007	NUM
bae-3244	104	8	2012	2012	NUM
bae-3244	104	9	chicago	chicago	PROPN
bae-3244	104	10	0.280	0.280	NUM
bae-3244	104	11	0.313	0.313	NUM
bae-3244	104	12	0.495	0.495	NUM
bae-3244	104	13	rouen	rouen	PROPN
bae-3244	104	14	n.a	n.a	PROPN
bae-3244	104	15	.	.	PROPN
bae-3244	105	1	0.168	0.168	NUM
bae-3244	105	2	0.286	0.286	NUM
bae-3244	105	3	bologna	bologna	NOUN
bae-3244	105	4	n.a	n.a	PROPN
bae-3244	105	5	.	.	PROPN
bae-3244	105	6	0.142	0.142	NUM
bae-3244	105	7	0.196	0.196	NUM
bae-3244	105	8	east	east	PROPN
bae-3244	105	9	anglia	anglia	PROPN
bae-3244	105	10	0.180	0.180	NUM
bae-3244	105	11	0.217	0.217	NUM
bae-3244	105	12	0.233	0.233	NUM
bae-3244	105	13	source	source	NOUN
bae-3244	105	14	:	:	PUNCT
bae-3244	105	15	own	own	ADJ
bae-3244	105	16	calculations	calculation	NOUN
bae-3244	105	17	based	base	VERB
bae-3244	105	18	on	on	ADP
bae-3244	105	19	data	datum	NOUN
bae-3244	105	20	from	from	ADP
bae-3244	105	21	ahdb	ahdb	PROPN
bae-3244	105	22	,	,	PUNCT
bae-3244	105	23	cbot	cbot	PROPN
bae-3244	105	24	,	,	PUNCT
bae-3244	105	25	la	la	ADJ
bae-3244	105	26	depeche	depeche	PROPN
bae-3244	105	27	agricole	agricole	PROPN
bae-3244	105	28	and	and	CCONJ
bae-3244	105	29	ager	ager	PROPN
bae-3244	105	30	borsa	borsa	PROPN
bae-3244	105	31	merci	merci	PROPN
bae-3244	105	32	di	di	X
bae-3244	105	33	bologna	bologna	PROPN
bae-3244	105	34	.	.	PUNCT
bae-3244	106	1	note	note	NOUN
bae-3244	106	2	:	:	PUNCT
bae-3244	106	3	the	the	DET
bae-3244	106	4	volatility	volatility	NOUN
bae-3244	106	5	indicator	indicator	NOUN
bae-3244	106	6	was	be	AUX
bae-3244	106	7	computed	compute	VERB
bae-3244	106	8	as	as	ADP
bae-3244	106	9	the	the	DET
bae-3244	106	10	standard	standard	ADJ
bae-3244	106	11	deviations	deviation	NOUN
bae-3244	106	12	of	of	ADP
bae-3244	106	13	annualized	annualize	VERB
bae-3244	106	14	(	(	PUNCT
bae-3244	106	15	i.e.	i.e.	X
bae-3244	106	16	,	,	PUNCT
bae-3244	106	17	multiplied	multiply	VERB
bae-3244	106	18	by	by	ADP
bae-3244	106	19	√250	√250	PROPN
bae-3244	106	20	,	,	PUNCT
bae-3244	106	21	where	where	SCONJ
bae-3244	106	22	250	250	NUM
bae-3244	106	23	approximates	approximate	VERB
bae-3244	106	24	the	the	DET
bae-3244	106	25	trading	trading	NOUN
bae-3244	106	26	days	day	NOUN
bae-3244	106	27	in	in	ADP
bae-3244	106	28	the	the	DET
bae-3244	106	29	year	year	NOUN
bae-3244	106	30	)	)	PUNCT
bae-3244	106	31	logarithmic	logarithmic	ADJ
bae-3244	106	32	daily	daily	ADJ
bae-3244	106	33	nominal	nominal	ADJ
bae-3244	106	34	spot	spot	NOUN
bae-3244	106	35	price	price	NOUN
bae-3244	106	36	returns	return	NOUN
bae-3244	106	37	.	.	PUNCT
bae-3244	107	1	2.2	2.2	NUM
bae-3244	107	2	speculation	speculation	NOUN
bae-3244	107	3	in	in	ADP
bae-3244	107	4	futures	future	NOUN
bae-3244	107	5	markets	market	NOUN
bae-3244	107	6	from	from	ADP
bae-3244	107	7	all	all	DET
bae-3244	107	8	the	the	DET
bae-3244	107	9	possible	possible	ADJ
bae-3244	107	10	reasons	reason	NOUN
bae-3244	107	11	behind	behind	ADP
bae-3244	107	12	the	the	DET
bae-3244	107	13	surge	surge	NOUN
bae-3244	107	14	in	in	ADP
bae-3244	107	15	commodity	commodity	NOUN
bae-3244	107	16	prices	price	NOUN
bae-3244	107	17	(	(	PUNCT
bae-3244	107	18	e.g.	e.g.	ADV
bae-3244	107	19	,	,	PUNCT
bae-3244	107	20	draughts	draught	NOUN
bae-3244	107	21	,	,	PUNCT
bae-3244	107	22	use	use	NOUN
bae-3244	107	23	of	of	ADP
bae-3244	107	24	food	food	NOUN
bae-3244	107	25	crops	crop	NOUN
bae-3244	107	26	for	for	ADP
bae-3244	107	27	biofuels	biofuel	NOUN
bae-3244	107	28	)	)	PUNCT
bae-3244	107	29	,	,	PUNCT
bae-3244	107	30	the	the	DET
bae-3244	107	31	only	only	ADJ
bae-3244	107	32	one	one	NUM
bae-3244	107	33	that	that	PRON
bae-3244	107	34	could	could	AUX
bae-3244	107	35	imply	imply	VERB
bae-3244	107	36	a	a	DET
bae-3244	107	37	break	break	NOUN
bae-3244	107	38	in	in	ADP
bae-3244	107	39	the	the	DET
bae-3244	107	40	relationship	relationship	NOUN
bae-3244	107	41	between	between	ADP
bae-3244	107	42	the	the	DET
bae-3244	107	43	futures	future	NOUN
bae-3244	107	44	and	and	CCONJ
bae-3244	107	45	spot	spot	NOUN
bae-3244	107	46	market	market	NOUN
bae-3244	107	47	is	be	AUX
bae-3244	107	48	the	the	DET
bae-3244	107	49	increasing	increase	VERB
bae-3244	107	50	presence	presence	NOUN
bae-3244	107	51	of	of	ADP
bae-3244	107	52	speculation	speculation	NOUN
bae-3244	107	53	on	on	ADP
bae-3244	107	54	the	the	DET
bae-3244	107	55	futures	future	NOUN
bae-3244	107	56	market	market	NOUN
bae-3244	107	57	(	(	PUNCT
bae-3244	107	58	e.g.	e.g.	ADV
bae-3244	107	59	,	,	PUNCT
bae-3244	107	60	bohl	bohl	NOUN
bae-3244	107	61	and	and	CCONJ
bae-3244	107	62	stephan	stephan	PROPN
bae-3244	107	63	(	(	PUNCT
bae-3244	107	64	2012	2012	NUM
bae-3244	107	65	)	)	PUNCT
bae-3244	107	66	for	for	ADP
bae-3244	107	67	a	a	DET
bae-3244	107	68	recent	recent	ADJ
bae-3244	107	69	literature	literature	NOUN
bae-3244	107	70	review	review	NOUN
bae-3244	107	71	on	on	ADP
bae-3244	107	72	the	the	DET
bae-3244	107	73	issue	issue	NOUN
bae-3244	107	74	)	)	PUNCT
bae-3244	107	75	.	.	PUNCT
bae-3244	108	1	a	a	DET
bae-3244	108	2	number	number	NOUN
bae-3244	108	3	of	of	ADP
bae-3244	108	4	authors	author	NOUN
bae-3244	108	5	–	–	PUNCT
bae-3244	108	6	e.g.	e.g.	ADV
bae-3244	108	7	gheit	gheit	ADJ
bae-3244	108	8	(	(	PUNCT
bae-3244	108	9	2008	2008	NUM
bae-3244	108	10	)	)	PUNCT
bae-3244	108	11	;	;	PUNCT
bae-3244	108	12	masters	master	NOUN
bae-3244	108	13	(	(	PUNCT
bae-3244	108	14	2008	2008	NUM
bae-3244	108	15	)	)	PUNCT
bae-3244	108	16	;	;	PUNCT
bae-3244	108	17	masters	master	NOUN
bae-3244	108	18	and	and	CCONJ
bae-3244	108	19	white	white	ADJ
bae-3244	108	20	(	(	PUNCT
bae-3244	108	21	2008	2008	NUM
bae-3244	108	22	)	)	PUNCT
bae-3244	108	23	–	–	PUNCT
bae-3244	108	24	have	have	AUX
bae-3244	108	25	asserted	assert	VERB
bae-3244	108	26	that	that	DET
bae-3244	108	27	speculative	speculative	ADJ
bae-3244	108	28	buying	buying	NOUN
bae-3244	108	29	by	by	ADP
bae-3244	108	30	index	index	NOUN
bae-3244	108	31	funds	fund	NOUN
bae-3244	108	32	in	in	ADP
bae-3244	108	33	commodity	commodity	NOUN
bae-3244	108	34	futures	future	NOUN
bae-3244	108	35	and	and	CCONJ
bae-3244	108	36	over	over	ADP
bae-3244	108	37	–	–	PUNCT
bae-3244	108	38	the	the	DET
bae-3244	108	39	–	–	PUNCT
bae-3244	108	40	counter	counter	NOUN
bae-3244	108	41	(	(	PUNCT
bae-3244	108	42	otc	otc	PROPN
bae-3244	108	43	)	)	PUNCT
bae-3244	108	44	derivatives	derivative	NOUN
bae-3244	108	45	markets	market	NOUN
bae-3244	108	46	(	(	PUNCT
bae-3244	108	47	i.e.	i.e.	X
bae-3244	108	48	,	,	PUNCT
bae-3244	108	49	trading	trading	NOUN
bae-3244	108	50	is	be	AUX
bae-3244	108	51	done	do	VERB
bae-3244	108	52	directly	directly	ADV
bae-3244	108	53	between	between	ADP
bae-3244	108	54	two	two	NUM
bae-3244	108	55	parties	party	NOUN
bae-3244	108	56	,	,	PUNCT
bae-3244	108	57	without	without	ADP
bae-3244	108	58	any	any	DET
bae-3244	108	59	supervision	supervision	NOUN
bae-3244	108	60	of	of	ADP
bae-3244	108	61	an	an	DET
bae-3244	108	62	exchange	exchange	NOUN
bae-3244	108	63	)	)	PUNCT
bae-3244	108	64	created	create	VERB
bae-3244	108	65	a	a	DET
bae-3244	108	66	‘	'	PUNCT
bae-3244	108	67	‘	'	PUNCT
bae-3244	108	68	bubble	bubble	NOUN
bae-3244	108	69	,	,	PUNCT
bae-3244	108	70	’’	’'	PUNCT
bae-3244	108	71	with	with	ADP
bae-3244	108	72	the	the	DET
bae-3244	108	73	result	result	NOUN
bae-3244	108	74	that	that	SCONJ
bae-3244	108	75	commodity	commodity	NOUN
bae-3244	108	76	prices	price	NOUN
bae-3244	108	77	,	,	PUNCT
bae-3244	108	78	and	and	CCONJ
bae-3244	108	79	crude	crude	ADJ
bae-3244	108	80	oil	oil	NOUN
bae-3244	108	81	prices	price	NOUN
bae-3244	108	82	,	,	PUNCT
bae-3244	108	83	in	in	ADP
bae-3244	108	84	particular	particular	ADJ
bae-3244	108	85	,	,	PUNCT
bae-3244	108	86	far	far	ADV
bae-3244	108	87	exceeded	exceed	VERB
bae-3244	108	88	fundamental	fundamental	ADJ
bae-3244	108	89	values	value	NOUN
bae-3244	108	90	at	at	ADP
bae-3244	108	91	the	the	DET
bae-3244	108	92	peak	peak	NOUN
bae-3244	108	93	(	(	PUNCT
bae-3244	108	94	irwin	irwin	PROPN
bae-3244	108	95	,	,	PUNCT
bae-3244	108	96	et	et	PROPN
bae-3244	108	97	al	al	PROPN
bae-3244	108	98	.	.	PROPN
bae-3244	108	99	,	,	PUNCT
bae-3244	108	100	2009	2009	NUM
bae-3244	108	101	.	.	PUNCT
bae-3244	109	1	p.	p.	NOUN
bae-3244	109	2	377	377	NUM
bae-3244	109	3	)	)	PUNCT
bae-3244	109	4	.	.	PUNCT
bae-3244	110	1	furthermore	furthermore	ADV
bae-3244	110	2	,	,	PUNCT
bae-3244	110	3	according	accord	VERB
bae-3244	110	4	unctad	unctad	PROPN
bae-3244	110	5	(	(	PUNCT
bae-3244	110	6	2009	2009	NUM
bae-3244	110	7	):	):	PUNCT
bae-3244	110	8	241european	241european	ADJ
bae-3244	110	9	commodity	commodity	NOUN
bae-3244	110	10	futures	future	NOUN
bae-3244	110	11	markets	market	NOUN
bae-3244	110	12	“	"	PUNCT
bae-3244	110	13	financial	financial	ADJ
bae-3244	110	14	investors	investor	NOUN
bae-3244	110	15	in	in	ADP
bae-3244	110	16	commodity	commodity	NOUN
bae-3244	110	17	futures	future	NOUN
bae-3244	110	18	exchanges	exchange	NOUN
bae-3244	110	19	have	have	AUX
bae-3244	110	20	been	be	AUX
bae-3244	110	21	treating	treat	VERB
bae-3244	110	22	commodities	commodity	NOUN
bae-3244	110	23	increasingly	increasingly	ADV
bae-3244	110	24	as	as	ADP
bae-3244	110	25	an	an	DET
bae-3244	110	26	alternative	alternative	ADJ
bae-3244	110	27	asset	asset	NOUN
bae-3244	110	28	class	class	NOUN
bae-3244	110	29	to	to	PART
bae-3244	110	30	optimize	optimize	VERB
bae-3244	110	31	the	the	DET
bae-3244	110	32	risk	risk	NOUN
bae-3244	110	33	-	-	PUNCT
bae-3244	110	34	return	return	NOUN
bae-3244	110	35	profile	profile	NOUN
bae-3244	110	36	of	of	ADP
bae-3244	110	37	their	their	PRON
bae-3244	110	38	portfolios	portfolio	NOUN
bae-3244	110	39	.	.	PUNCT
bae-3244	111	1	in	in	ADP
bae-3244	111	2	doing	do	VERB
bae-3244	111	3	so	so	ADV
bae-3244	111	4	,	,	PUNCT
bae-3244	111	5	they	they	PRON
bae-3244	111	6	have	have	AUX
bae-3244	111	7	paid	pay	VERB
bae-3244	111	8	little	little	ADJ
bae-3244	111	9	attention	attention	NOUN
bae-3244	111	10	to	to	ADP
bae-3244	111	11	fundamental	fundamental	ADJ
bae-3244	111	12	supply	supply	NOUN
bae-3244	111	13	and	and	CCONJ
bae-3244	111	14	demand	demand	NOUN
bae-3244	111	15	relationships	relationship	NOUN
bae-3244	111	16	in	in	ADP
bae-3244	111	17	the	the	DET
bae-3244	111	18	markets	market	NOUN
bae-3244	111	19	for	for	ADP
bae-3244	111	20	specific	specific	ADJ
bae-3244	111	21	commodities	commodity	NOUN
bae-3244	111	22	.	.	PUNCT
bae-3244	112	1	a	a	DET
bae-3244	112	2	particular	particular	ADJ
bae-3244	112	3	concern	concern	NOUN
bae-3244	112	4	with	with	ADP
bae-3244	112	5	respect	respect	NOUN
bae-3244	112	6	to	to	ADP
bae-3244	112	7	this	this	DET
bae-3244	112	8	financialization	financialization	NOUN
bae-3244	112	9	of	of	ADP
bae-3244	112	10	commodity	commodity	NOUN
bae-3244	112	11	trading	trading	NOUN
bae-3244	112	12	is	be	AUX
bae-3244	112	13	the	the	DET
bae-3244	112	14	growing	grow	VERB
bae-3244	112	15	influence	influence	NOUN
bae-3244	112	16	of	of	ADP
bae-3244	112	17	so	so	ADV
bae-3244	112	18	called	call	VERB
bae-3244	112	19	index	index	NOUN
bae-3244	112	20	traders	trader	NOUN
bae-3244	112	21	,	,	PUNCT
bae-3244	112	22	who	who	PRON
bae-3244	112	23	tend	tend	VERB
bae-3244	112	24	to	to	PART
bae-3244	112	25	take	take	VERB
bae-3244	112	26	only	only	ADV
bae-3244	112	27	long	long	ADJ
bae-3244	112	28	positions	position	NOUN
bae-3244	112	29	that	that	PRON
bae-3244	112	30	exert	exert	VERB
bae-3244	112	31	upward	upward	ADJ
bae-3244	112	32	pressure	pressure	NOUN
bae-3244	112	33	on	on	ADP
bae-3244	112	34	prices	price	NOUN
bae-3244	112	35	.	.	PUNCT
bae-3244	113	1	the	the	DET
bae-3244	113	2	average	average	ADJ
bae-3244	113	3	size	size	NOUN
bae-3244	113	4	of	of	ADP
bae-3244	113	5	their	their	PRON
bae-3244	113	6	positions	position	NOUN
bae-3244	113	7	has	have	AUX
bae-3244	113	8	become	become	VERB
bae-3244	113	9	so	so	ADV
bae-3244	113	10	large	large	ADJ
bae-3244	113	11	that	that	SCONJ
bae-3244	113	12	they	they	PRON
bae-3244	113	13	can	can	AUX
bae-3244	113	14	significantly	significantly	ADV
bae-3244	113	15	influence	influence	VERB
bae-3244	113	16	prices	price	NOUN
bae-3244	113	17	and	and	CCONJ
bae-3244	113	18	create	create	VERB
bae-3244	113	19	speculative	speculative	ADJ
bae-3244	113	20	bubbles	bubble	NOUN
bae-3244	113	21	,	,	PUNCT
bae-3244	113	22	with	with	ADP
bae-3244	113	23	extremely	extremely	ADV
bae-3244	113	24	detrimental	detrimental	ADJ
bae-3244	113	25	effects	effect	NOUN
bae-3244	113	26	on	on	ADP
bae-3244	113	27	normal	normal	ADJ
bae-3244	113	28	trading	trading	NOUN
bae-3244	113	29	activities	activity	NOUN
bae-3244	113	30	and	and	CCONJ
bae-3244	113	31	market	market	NOUN
bae-3244	113	32	efficiency	efficiency	NOUN
bae-3244	113	33	.	.	PUNCT
bae-3244	114	1	under	under	ADP
bae-3244	114	2	these	these	DET
bae-3244	114	3	conditions	condition	NOUN
bae-3244	114	4	,	,	PUNCT
bae-3244	114	5	hedging	hedge	VERB
bae-3244	114	6	against	against	ADP
bae-3244	114	7	commodity	commodity	NOUN
bae-3244	114	8	price	price	NOUN
bae-3244	114	9	risk	risk	NOUN
bae-3244	114	10	becomes	become	VERB
bae-3244	114	11	more	more	ADV
bae-3244	114	12	complex	complex	ADJ
bae-3244	114	13	,	,	PUNCT
bae-3244	114	14	more	more	ADV
bae-3244	114	15	expensive	expensive	ADJ
bae-3244	114	16	,	,	PUNCT
bae-3244	114	17	and	and	CCONJ
bae-3244	114	18	perhaps	perhaps	ADV
bae-3244	114	19	unaffordable	unaffordable	ADJ
bae-3244	114	20	for	for	ADP
bae-3244	114	21	developing	develop	VERB
bae-3244	114	22	-	-	PUNCT
bae-3244	114	23	country	country	NOUN
bae-3244	114	24	users	user	NOUN
bae-3244	114	25	.	.	PUNCT
bae-3244	115	1	moreover	moreover	ADV
bae-3244	115	2	,	,	PUNCT
bae-3244	115	3	the	the	DET
bae-3244	115	4	signals	signal	NOUN
bae-3244	115	5	emanating	emanate	VERB
bae-3244	115	6	from	from	ADP
bae-3244	115	7	commodity	commodity	NOUN
bae-3244	115	8	exchanges	exchange	NOUN
bae-3244	115	9	are	be	AUX
bae-3244	115	10	getting	get	VERB
bae-3244	115	11	to	to	PART
bae-3244	115	12	be	be	AUX
bae-3244	115	13	less	less	ADV
bae-3244	115	14	reliable	reliable	ADJ
bae-3244	115	15	as	as	ADP
bae-3244	115	16	a	a	DET
bae-3244	115	17	basis	basis	NOUN
bae-3244	115	18	for	for	ADP
bae-3244	115	19	investment	investment	NOUN
bae-3244	115	20	decisions	decision	NOUN
bae-3244	115	21	and	and	CCONJ
bae-3244	115	22	for	for	ADP
bae-3244	115	23	supply	supply	NOUN
bae-3244	115	24	and	and	CCONJ
bae-3244	115	25	demand	demand	NOUN
bae-3244	115	26	management	management	NOUN
bae-3244	115	27	by	by	ADP
bae-3244	115	28	producers	producer	NOUN
bae-3244	115	29	and	and	CCONJ
bae-3244	115	30	consumers	consumer	NOUN
bae-3244	115	31	.	.	PUNCT
bae-3244	115	32	”	"	PUNCT
bae-3244	116	1	(	(	PUNCT
bae-3244	116	2	unctad	unctad	PROPN
bae-3244	116	3	,	,	PUNCT
bae-3244	116	4	2009	2009	NUM
bae-3244	116	5	,	,	PUNCT
bae-3244	116	6	p.	p.	NOUN
bae-3244	116	7	iv	iv	NUM
bae-3244	116	8	)	)	PUNCT
bae-3244	116	9	.	.	PUNCT
bae-3244	117	1	in	in	ADP
bae-3244	117	2	contrast	contrast	NOUN
bae-3244	117	3	with	with	ADP
bae-3244	117	4	the	the	DET
bae-3244	117	5	aforementioned	aforementioned	ADJ
bae-3244	117	6	view	view	NOUN
bae-3244	117	7	,	,	PUNCT
bae-3244	117	8	irwin	irwin	PROPN
bae-3244	117	9	et	et	PROPN
bae-3244	117	10	al	al	PROPN
bae-3244	117	11	.	.	PROPN
bae-3244	118	1	(	(	PUNCT
bae-3244	118	2	2009	2009	NUM
bae-3244	118	3	)	)	PUNCT
bae-3244	118	4	considered	consider	VERB
bae-3244	118	5	that	that	SCONJ
bae-3244	118	6	fundamentals	fundamental	NOUN
bae-3244	118	7	offer	offer	VERB
bae-3244	118	8	the	the	DET
bae-3244	118	9	best	good	ADJ
bae-3244	118	10	explanation	explanation	NOUN
bae-3244	118	11	for	for	ADP
bae-3244	118	12	the	the	DET
bae-3244	118	13	rise	rise	NOUN
bae-3244	118	14	in	in	ADP
bae-3244	118	15	commodity	commodity	NOUN
bae-3244	118	16	prices	price	NOUN
bae-3244	118	17	.	.	PUNCT
bae-3244	119	1	four	four	NUM
bae-3244	119	2	of	of	ADP
bae-3244	119	3	their	their	PRON
bae-3244	119	4	points	point	NOUN
bae-3244	119	5	are	be	AUX
bae-3244	119	6	worth	worth	ADJ
bae-3244	119	7	noting	note	VERB
bae-3244	119	8	:	:	PUNCT
bae-3244	119	9	first	first	ADV
bae-3244	119	10	,	,	PUNCT
bae-3244	119	11	the	the	DET
bae-3244	119	12	arguments	argument	NOUN
bae-3244	119	13	of	of	ADP
bae-3244	119	14	bubble	bubble	NOUN
bae-3244	119	15	proponents	proponent	NOUN
bae-3244	119	16	are	be	AUX
bae-3244	119	17	conceptually	conceptually	ADV
bae-3244	119	18	flawed	flawed	ADJ
bae-3244	119	19	and	and	CCONJ
bae-3244	119	20	reflect	reflect	VERB
bae-3244	119	21	misunderstanding	misunderstanding	NOUN
bae-3244	119	22	of	of	ADP
bae-3244	119	23	how	how	SCONJ
bae-3244	119	24	commodity	commodity	NOUN
bae-3244	119	25	futures	future	NOUN
bae-3244	119	26	markets	market	NOUN
bae-3244	119	27	actually	actually	ADV
bae-3244	119	28	work	work	VERB
bae-3244	119	29	,	,	PUNCT
bae-3244	119	30	as	as	SCONJ
bae-3244	119	31	they	they	PRON
bae-3244	119	32	state	state	VERB
bae-3244	119	33	that	that	SCONJ
bae-3244	119	34	the	the	DET
bae-3244	119	35	money	money	NOUN
bae-3244	119	36	flows	flow	VERB
bae-3244	119	37	that	that	PRON
bae-3244	119	38	go	go	VERB
bae-3244	119	39	into	into	ADP
bae-3244	119	40	futures	future	NOUN
bae-3244	119	41	and	and	CCONJ
bae-3244	119	42	derivatives	derivative	NOUN
bae-3244	119	43	markets	market	NOUN
bae-3244	119	44	pressures	pressure	NOUN
bae-3244	119	45	the	the	DET
bae-3244	119	46	demand	demand	NOUN
bae-3244	119	47	for	for	ADP
bae-3244	119	48	physical	physical	ADJ
bae-3244	119	49	commodities	commodity	NOUN
bae-3244	119	50	,	,	PUNCT
bae-3244	119	51	when	when	SCONJ
bae-3244	119	52	that	that	DET
bae-3244	119	53	money	money	NOUN
bae-3244	119	54	only	only	ADV
bae-3244	119	55	operates	operate	VERB
bae-3244	119	56	in	in	ADP
bae-3244	119	57	the	the	DET
bae-3244	119	58	futures	future	NOUN
bae-3244	119	59	market.2	market.2	PROPN
bae-3244	119	60	second	second	ADJ
bae-3244	119	61	,	,	PUNCT
bae-3244	119	62	a	a	DET
bae-3244	119	63	number	number	NOUN
bae-3244	119	64	of	of	ADP
bae-3244	119	65	facts	fact	NOUN
bae-3244	119	66	about	about	ADP
bae-3244	119	67	the	the	DET
bae-3244	119	68	situation	situation	NOUN
bae-3244	119	69	in	in	ADP
bae-3244	119	70	commodity	commodity	NOUN
bae-3244	119	71	markets	market	NOUN
bae-3244	119	72	are	be	AUX
bae-3244	119	73	inconsistent	inconsistent	ADJ
bae-3244	119	74	with	with	ADP
bae-3244	119	75	the	the	DET
bae-3244	119	76	existence	existence	NOUN
bae-3244	119	77	of	of	ADP
bae-3244	119	78	a	a	DET
bae-3244	119	79	substantial	substantial	ADJ
bae-3244	119	80	bubble	bubble	NOUN
bae-3244	119	81	in	in	ADP
bae-3244	119	82	commodity	commodity	NOUN
bae-3244	119	83	prices	price	NOUN
bae-3244	119	84	such	such	ADJ
bae-3244	119	85	as	as	ADP
bae-3244	119	86	the	the	DET
bae-3244	119	87	fact	fact	NOUN
bae-3244	119	88	that	that	SCONJ
bae-3244	119	89	the	the	DET
bae-3244	119	90	available	available	ADJ
bae-3244	119	91	data	datum	NOUN
bae-3244	119	92	do	do	AUX
bae-3244	119	93	not	not	PART
bae-3244	119	94	indicate	indicate	VERB
bae-3244	119	95	a	a	DET
bae-3244	119	96	change	change	NOUN
bae-3244	119	97	in	in	ADP
bae-3244	119	98	the	the	DET
bae-3244	119	99	relative	relative	ADJ
bae-3244	119	100	level	level	NOUN
bae-3244	119	101	of	of	ADP
bae-3244	119	102	speculation	speculation	NOUN
bae-3244	119	103	to	to	ADP
bae-3244	119	104	hedging	hedging	NOUN
bae-3244	119	105	.	.	PUNCT
bae-3244	120	1	third	third	ADJ
bae-3244	120	2	,	,	PUNCT
bae-3244	120	3	the	the	DET
bae-3244	120	4	available	available	ADJ
bae-3244	120	5	statistical	statistical	ADJ
bae-3244	120	6	evidence	evidence	NOUN
bae-3244	120	7	does	do	AUX
bae-3244	120	8	not	not	PART
bae-3244	120	9	indicate	indicate	VERB
bae-3244	120	10	that	that	SCONJ
bae-3244	120	11	positions	position	NOUN
bae-3244	120	12	for	for	ADP
bae-3244	120	13	any	any	DET
bae-3244	120	14	group	group	NOUN
bae-3244	120	15	of	of	ADP
bae-3244	120	16	investors	investor	NOUN
bae-3244	120	17	in	in	ADP
bae-3244	120	18	commodity	commodity	NOUN
bae-3244	120	19	futures	future	NOUN
bae-3244	120	20	markets	market	NOUN
bae-3244	120	21	,	,	PUNCT
bae-3244	120	22	including	include	VERB
bae-3244	120	23	long	long	ADJ
bae-3244	120	24	–	–	PUNCT
bae-3244	120	25	only	only	ADJ
bae-3244	120	26	index	index	NOUN
bae-3244	120	27	funds	fund	NOUN
bae-3244	120	28	,	,	PUNCT
bae-3244	120	29	consistently	consistently	ADV
bae-3244	120	30	lead	lead	VERB
bae-3244	120	31	futures	future	NOUN
bae-3244	120	32	price	price	NOUN
bae-3244	120	33	changes	change	NOUN
bae-3244	120	34	and	and	CCONJ
bae-3244	120	35	fourth	fourth	ADJ
bae-3244	120	36	,	,	PUNCT
bae-3244	120	37	there	there	PRON
bae-3244	120	38	is	be	VERB
bae-3244	120	39	a	a	DET
bae-3244	120	40	historical	historical	ADJ
bae-3244	120	41	pattern	pattern	NOUN
bae-3244	120	42	of	of	ADP
bae-3244	120	43	attacks	attack	NOUN
bae-3244	120	44	upon	upon	SCONJ
bae-3244	120	45	speculation	speculation	NOUN
bae-3244	120	46	as	as	ADP
bae-3244	120	47	scapegoat	scapegoat	NOUN
bae-3244	120	48	during	during	ADP
bae-3244	120	49	periods	period	NOUN
bae-3244	120	50	of	of	ADP
bae-3244	120	51	extreme	extreme	ADJ
bae-3244	120	52	market	market	NOUN
bae-3244	120	53	volatility	volatility	NOUN
bae-3244	120	54	.	.	PUNCT
bae-3244	121	1	it	it	PRON
bae-3244	121	2	is	be	AUX
bae-3244	121	3	clear	clear	ADJ
bae-3244	121	4	that	that	SCONJ
bae-3244	121	5	if	if	SCONJ
bae-3244	121	6	futures	future	NOUN
bae-3244	121	7	market	market	NOUN
bae-3244	121	8	prices	price	NOUN
bae-3244	121	9	follow	follow	VERB
bae-3244	121	10	factors	factor	NOUN
bae-3244	121	11	that	that	PRON
bae-3244	121	12	are	be	AUX
bae-3244	121	13	not	not	PART
bae-3244	121	14	related	relate	VERB
bae-3244	121	15	to	to	ADP
bae-3244	121	16	fundamentals	fundamental	NOUN
bae-3244	121	17	,	,	PUNCT
bae-3244	121	18	one	one	PRON
bae-3244	121	19	should	should	AUX
bae-3244	121	20	expect	expect	VERB
bae-3244	121	21	futures	future	NOUN
bae-3244	121	22	and	and	CCONJ
bae-3244	121	23	spot	spot	NOUN
bae-3244	121	24	prices	price	NOUN
bae-3244	121	25	to	to	PART
bae-3244	121	26	become	become	VERB
bae-3244	121	27	divorced	divorced	ADJ
bae-3244	121	28	or	or	CCONJ
bae-3244	121	29	less	less	ADV
bae-3244	121	30	correlated	correlate	VERB
bae-3244	121	31	.	.	PUNCT
bae-3244	122	1	this	this	DET
bae-3244	122	2	disassociation	disassociation	NOUN
bae-3244	122	3	would	would	AUX
bae-3244	122	4	necessarily	necessarily	ADV
bae-3244	122	5	bring	bring	VERB
bae-3244	122	6	a	a	DET
bae-3244	122	7	reduction	reduction	NOUN
bae-3244	122	8	in	in	ADP
bae-3244	122	9	the	the	DET
bae-3244	122	10	effectiveness	effectiveness	NOUN
bae-3244	122	11	of	of	ADP
bae-3244	122	12	hedging	hedging	NOUN
bae-3244	122	13	spot	spot	NOUN
bae-3244	122	14	price	price	NOUN
bae-3244	122	15	risk	risk	NOUN
bae-3244	122	16	using	use	VERB
bae-3244	122	17	futures	future	NOUN
bae-3244	122	18	markets	market	NOUN
bae-3244	122	19	.	.	PUNCT
bae-3244	123	1	as	as	SCONJ
bae-3244	123	2	it	it	PRON
bae-3244	123	3	is	be	AUX
bae-3244	123	4	well	well	ADV
bae-3244	123	5	known	know	VERB
bae-3244	123	6	the	the	DET
bae-3244	123	7	correlation	correlation	NOUN
bae-3244	123	8	between	between	ADP
bae-3244	123	9	both	both	DET
bae-3244	123	10	prices	price	NOUN
bae-3244	123	11	(	(	PUNCT
bae-3244	123	12	futures	future	NOUN
bae-3244	123	13	and	and	CCONJ
bae-3244	123	14	spot	spot	NOUN
bae-3244	123	15	)	)	PUNCT
bae-3244	123	16	is	be	AUX
bae-3244	123	17	fundamental	fundamental	ADJ
bae-3244	123	18	for	for	ADP
bae-3244	123	19	the	the	DET
bae-3244	123	20	traditional	traditional	ADJ
bae-3244	123	21	minimum	minimum	ADJ
bae-3244	123	22	variance	variance	NOUN
bae-3244	123	23	calculation	calculation	NOUN
bae-3244	123	24	of	of	ADP
bae-3244	123	25	the	the	DET
bae-3244	123	26	optimal	optimal	ADJ
bae-3244	123	27	hedging	hedging	NOUN
bae-3244	123	28	ratio	ratio	NOUN
bae-3244	123	29	(	(	PUNCT
bae-3244	123	30	ederington	ederington	NOUN
bae-3244	123	31	,	,	PUNCT
bae-3244	123	32	1979	1979	NUM
bae-3244	123	33	;	;	PUNCT
bae-3244	123	34	sanders	sander	NOUN
bae-3244	123	35	and	and	CCONJ
bae-3244	123	36	manfredo	manfredo	PROPN
bae-3244	123	37	,	,	PUNCT
bae-3244	123	38	2004	2004	NUM
bae-3244	123	39	)	)	PUNCT
bae-3244	123	40	.	.	PUNCT
bae-3244	124	1	therefore	therefore	ADV
bae-3244	124	2	,	,	PUNCT
bae-3244	124	3	one	one	PRON
bae-3244	124	4	could	could	AUX
bae-3244	124	5	say	say	VERB
bae-3244	124	6	that	that	SCONJ
bae-3244	124	7	,	,	PUNCT
bae-3244	124	8	if	if	SCONJ
bae-3244	124	9	after	after	ADP
bae-3244	124	10	computing	compute	VERB
bae-3244	124	11	the	the	DET
bae-3244	124	12	hedging	hedging	NOUN
bae-3244	124	13	ratio	ratio	NOUN
bae-3244	124	14	and	and	CCONJ
bae-3244	124	15	the	the	DET
bae-3244	124	16	hedging	hedging	NOUN
bae-3244	124	17	effectiveness	effectiveness	NOUN
bae-3244	124	18	measures	measure	NOUN
bae-3244	124	19	one	one	PRON
bae-3244	124	20	finds	find	VERB
bae-3244	124	21	that	that	SCONJ
bae-3244	124	22	hedging	hedging	NOUN
bae-3244	124	23	in	in	ADP
bae-3244	124	24	futures	future	NOUN
bae-3244	124	25	markets	market	NOUN
bae-3244	124	26	is	be	AUX
bae-3244	124	27	still	still	ADV
bae-3244	124	28	a	a	DET
bae-3244	124	29	useful	useful	ADJ
bae-3244	124	30	tool	tool	NOUN
bae-3244	124	31	for	for	ADP
bae-3244	124	32	risk	risk	NOUN
bae-3244	124	33	management	management	NOUN
bae-3244	124	34	,	,	PUNCT
bae-3244	124	35	then	then	ADV
bae-3244	124	36	it	it	PRON
bae-3244	124	37	means	mean	VERB
bae-3244	124	38	that	that	SCONJ
bae-3244	124	39	both	both	DET
bae-3244	124	40	markets	market	NOUN
bae-3244	124	41	are	be	AUX
bae-3244	124	42	still	still	ADV
bae-3244	124	43	related	relate	VERB
bae-3244	124	44	and	and	CCONJ
bae-3244	124	45	the	the	DET
bae-3244	124	46	financialization	financialization	NOUN
bae-3244	124	47	of	of	ADP
bae-3244	124	48	futures	future	NOUN
bae-3244	124	49	markets	market	NOUN
bae-3244	124	50	has	have	AUX
bae-3244	124	51	not	not	PART
bae-3244	124	52	broken	break	VERB
bae-3244	124	53	that	that	DET
bae-3244	124	54	link	link	NOUN
bae-3244	124	55	.	.	PUNCT
bae-3244	125	1	this	this	PRON
bae-3244	125	2	is	be	AUX
bae-3244	125	3	the	the	DET
bae-3244	125	4	topic	topic	NOUN
bae-3244	125	5	of	of	ADP
bae-3244	125	6	the	the	DET
bae-3244	125	7	work	work	NOUN
bae-3244	125	8	of	of	ADP
bae-3244	125	9	the	the	DET
bae-3244	125	10	next	next	ADJ
bae-3244	125	11	section	section	NOUN
bae-3244	125	12	.	.	PUNCT
bae-3244	126	1	2	2	NUM
bae-3244	126	2	note	note	NOUN
bae-3244	126	3	that	that	SCONJ
bae-3244	126	4	there	there	PRON
bae-3244	126	5	are	be	VERB
bae-3244	126	6	at	at	ADV
bae-3244	126	7	least	least	ADV
bae-3244	126	8	two	two	NUM
bae-3244	126	9	ways	way	NOUN
bae-3244	126	10	in	in	ADP
bae-3244	126	11	which	which	PRON
bae-3244	126	12	futures	future	NOUN
bae-3244	126	13	markets	market	NOUN
bae-3244	126	14	can	can	AUX
bae-3244	126	15	affect	affect	VERB
bae-3244	126	16	the	the	DET
bae-3244	126	17	physical	physical	ADJ
bae-3244	126	18	markets	market	NOUN
bae-3244	126	19	:	:	PUNCT
bae-3244	126	20	the	the	DET
bae-3244	126	21	first	first	ADJ
bae-3244	126	22	one	one	NOUN
bae-3244	126	23	is	be	AUX
bae-3244	126	24	through	through	ADP
bae-3244	126	25	arbitraging	arbitrage	VERB
bae-3244	126	26	between	between	ADP
bae-3244	126	27	the	the	DET
bae-3244	126	28	two	two	NUM
bae-3244	126	29	markets	market	NOUN
bae-3244	126	30	.	.	PUNCT
bae-3244	127	1	the	the	DET
bae-3244	127	2	second	second	ADJ
bae-3244	127	3	way	way	NOUN
bae-3244	127	4	is	be	AUX
bae-3244	127	5	through	through	ADP
bae-3244	127	6	the	the	DET
bae-3244	127	7	use	use	NOUN
bae-3244	127	8	that	that	SCONJ
bae-3244	127	9	commercial	commercial	ADJ
bae-3244	127	10	entities	entity	NOUN
bae-3244	127	11	make	make	VERB
bae-3244	127	12	of	of	ADP
bae-3244	127	13	futures	future	NOUN
bae-3244	127	14	prices	price	NOUN
bae-3244	127	15	for	for	ADP
bae-3244	127	16	pricing	price	VERB
bae-3244	127	17	their	their	PRON
bae-3244	127	18	products	product	NOUN
bae-3244	127	19	(	(	PUNCT
bae-3244	127	20	e.g.	e.g.	ADV
bae-3244	127	21	,	,	PUNCT
bae-3244	127	22	processors	processor	NOUN
bae-3244	127	23	selling	sell	VERB
bae-3244	127	24	flour	flour	NOUN
bae-3244	127	25	for	for	ADP
bae-3244	127	26	future	future	ADJ
bae-3244	127	27	delivery	delivery	NOUN
bae-3244	127	28	)	)	PUNCT
bae-3244	127	29	.	.	PUNCT
bae-3244	128	1	clearly	clearly	ADV
bae-3244	128	2	,	,	PUNCT
bae-3244	128	3	the	the	DET
bae-3244	128	4	latter	latter	ADJ
bae-3244	128	5	strategy	strategy	NOUN
bae-3244	128	6	makes	make	VERB
bae-3244	128	7	sense	sense	NOUN
bae-3244	128	8	only	only	ADV
bae-3244	128	9	if	if	SCONJ
bae-3244	128	10	the	the	DET
bae-3244	128	11	entities	entity	NOUN
bae-3244	128	12	believe	believe	VERB
bae-3244	128	13	that	that	SCONJ
bae-3244	128	14	the	the	DET
bae-3244	128	15	two	two	NUM
bae-3244	128	16	markets	market	NOUN
bae-3244	128	17	are	be	AUX
bae-3244	128	18	related	relate	VERB
bae-3244	128	19	.	.	PUNCT
bae-3244	129	1	as	as	SCONJ
bae-3244	129	2	regards	regard	VERB
bae-3244	129	3	the	the	DET
bae-3244	129	4	former	former	ADJ
bae-3244	129	5	reason	reason	NOUN
bae-3244	129	6	,	,	PUNCT
bae-3244	129	7	note	note	VERB
bae-3244	129	8	that	that	SCONJ
bae-3244	129	9	arbitrage	arbitrage	NOUN
bae-3244	129	10	will	will	AUX
bae-3244	129	11	force	force	VERB
bae-3244	129	12	both	both	DET
bae-3244	129	13	prices	price	NOUN
bae-3244	129	14	(	(	PUNCT
bae-3244	129	15	futures	future	NOUN
bae-3244	129	16	and	and	CCONJ
bae-3244	129	17	spot	spot	NOUN
bae-3244	129	18	)	)	PUNCT
bae-3244	129	19	to	to	PART
bae-3244	129	20	converge	converge	VERB
bae-3244	129	21	at	at	ADP
bae-3244	129	22	the	the	DET
bae-3244	129	23	delivery	delivery	NOUN
bae-3244	129	24	time	time	NOUN
bae-3244	129	25	.	.	PUNCT
bae-3244	130	1	242	242	NUM
bae-3244	130	2	c.	c.	PROPN
bae-3244	130	3	revoredo	revoredo	PROPN
bae-3244	130	4	-	-	PUNCT
bae-3244	130	5	giha	giha	PROPN
bae-3244	130	6	,	,	PUNCT
bae-3244	130	7	m.	m.	NOUN
bae-3244	130	8	zuppiroli	zuppiroli	PROPN
bae-3244	130	9	3	3	NUM
bae-3244	130	10	.	.	PUNCT
bae-3244	130	11	data	datum	NOUN
bae-3244	130	12	and	and	CCONJ
bae-3244	130	13	methodology	methodology	NOUN
bae-3244	130	14	3.1	3.1	NUM
bae-3244	130	15	data	datum	NOUN
bae-3244	130	16	description	description	NOUN
bae-3244	130	17	the	the	DET
bae-3244	130	18	futures	future	NOUN
bae-3244	130	19	market	market	NOUN
bae-3244	130	20	price	price	NOUN
bae-3244	130	21	data	datum	NOUN
bae-3244	130	22	used	use	VERB
bae-3244	130	23	for	for	ADP
bae-3244	130	24	the	the	DET
bae-3244	130	25	analysis	analysis	NOUN
bae-3244	130	26	was	be	AUX
bae-3244	130	27	from	from	ADP
bae-3244	130	28	the	the	DET
bae-3244	130	29	feed	feed	NOUN
bae-3244	130	30	wheat	wheat	NOUN
bae-3244	130	31	contracts	contract	NOUN
bae-3244	130	32	from	from	ADP
bae-3244	130	33	the	the	DET
bae-3244	130	34	london	london	PROPN
bae-3244	130	35	international	international	ADJ
bae-3244	130	36	financial	financial	ADJ
bae-3244	130	37	futures	future	NOUN
bae-3244	130	38	and	and	CCONJ
bae-3244	130	39	options	option	NOUN
bae-3244	130	40	exchange	exchange	NOUN
bae-3244	130	41	(	(	PUNCT
bae-3244	130	42	liffe	liffe	PROPN
bae-3244	130	43	)	)	PUNCT
bae-3244	130	44	and	and	CCONJ
bae-3244	130	45	for	for	ADP
bae-3244	130	46	milling	mill	VERB
bae-3244	130	47	wheat	wheat	NOUN
bae-3244	130	48	contracts	contract	NOUN
bae-3244	130	49	from	from	ADP
bae-3244	130	50	the	the	DET
bae-3244	130	51	marché	marché	X
bae-3244	130	52	à	à	X
bae-3244	130	53	terme	terme	PROPN
bae-3244	130	54	international	international	PROPN
bae-3244	130	55	de	de	PROPN
bae-3244	130	56	france	france	PROPN
bae-3244	130	57	(	(	PUNCT
bae-3244	130	58	matif	matif	PROPN
bae-3244	130	59	)	)	PUNCT
bae-3244	130	60	.	.	PUNCT
bae-3244	131	1	in	in	ADP
bae-3244	131	2	order	order	NOUN
bae-3244	131	3	to	to	PART
bae-3244	131	4	provide	provide	VERB
bae-3244	131	5	a	a	DET
bae-3244	131	6	comparison	comparison	NOUN
bae-3244	131	7	wheat	wheat	NOUN
bae-3244	131	8	contracts	contract	NOUN
bae-3244	131	9	(	(	PUNCT
bae-3244	131	10	i.e.	i.e.	X
bae-3244	131	11	,	,	PUNCT
bae-3244	131	12	the	the	DET
bae-3244	131	13	deliverable	deliverable	ADJ
bae-3244	131	14	varieties	variety	NOUN
bae-3244	131	15	correspond	correspond	VERB
bae-3244	131	16	to	to	ADP
bae-3244	131	17	milling	mill	VERB
bae-3244	131	18	wheat	wheat	NOUN
bae-3244	131	19	)	)	PUNCT
bae-3244	131	20	data	datum	NOUN
bae-3244	131	21	from	from	ADP
bae-3244	131	22	the	the	DET
bae-3244	131	23	chicago	chicago	PROPN
bae-3244	131	24	mercantile	mercantile	PROPN
bae-3244	131	25	exchange	exchange	PROPN
bae-3244	131	26	group	group	PROPN
bae-3244	131	27	(	(	PUNCT
bae-3244	131	28	cbot	cbot	PROPN
bae-3244	131	29	)	)	PUNCT
bae-3244	131	30	were	be	AUX
bae-3244	131	31	also	also	ADV
bae-3244	131	32	used	use	VERB
bae-3244	131	33	.	.	PUNCT
bae-3244	132	1	for	for	ADP
bae-3244	132	2	liffe	liffe	PROPN
bae-3244	132	3	and	and	CCONJ
bae-3244	132	4	cbot	cbot	PROPN
bae-3244	132	5	contracts	contract	VERB
bae-3244	132	6	the	the	DET
bae-3244	132	7	data	datum	NOUN
bae-3244	132	8	comprised	comprise	VERB
bae-3244	132	9	the	the	DET
bae-3244	132	10	period	period	NOUN
bae-3244	132	11	1988	1988	NUM
bae-3244	132	12	until	until	ADP
bae-3244	132	13	2012	2012	NUM
bae-3244	132	14	,	,	PUNCT
bae-3244	132	15	while	while	SCONJ
bae-3244	132	16	for	for	ADP
bae-3244	132	17	matif	matif	ADJ
bae-3244	132	18	contracts	contract	NOUN
bae-3244	132	19	the	the	DET
bae-3244	132	20	data	datum	NOUN
bae-3244	132	21	were	be	AUX
bae-3244	132	22	available	available	ADJ
bae-3244	132	23	only	only	ADV
bae-3244	132	24	since	since	SCONJ
bae-3244	132	25	1998	1998	NUM
bae-3244	132	26	.	.	PUNCT
bae-3244	133	1	as	as	SCONJ
bae-3244	133	2	hedging	hedging	NOUN
bae-3244	133	3	performance	performance	NOUN
bae-3244	133	4	requires	require	VERB
bae-3244	133	5	the	the	DET
bae-3244	133	6	contemporary	contemporary	ADJ
bae-3244	133	7	evaluation	evaluation	NOUN
bae-3244	133	8	of	of	ADP
bae-3244	133	9	cash	cash	NOUN
bae-3244	133	10	price	price	NOUN
bae-3244	133	11	changes	change	NOUN
bae-3244	133	12	,	,	PUNCT
bae-3244	133	13	spot	spot	NOUN
bae-3244	133	14	prices	price	NOUN
bae-3244	133	15	from	from	ADP
bae-3244	133	16	east	east	PROPN
bae-3244	133	17	anglia	anglia	PROPN
bae-3244	133	18	(	(	PUNCT
bae-3244	133	19	uk	uk	PROPN
bae-3244	133	20	)	)	PUNCT
bae-3244	133	21	,	,	PUNCT
bae-3244	133	22	rouen	rouen	PROPN
bae-3244	133	23	(	(	PUNCT
bae-3244	133	24	france	france	PROPN
bae-3244	133	25	)	)	PUNCT
bae-3244	133	26	,	,	PUNCT
bae-3244	133	27	bologna	bologna	PROPN
bae-3244	133	28	(	(	PUNCT
bae-3244	133	29	italy	italy	PROPN
bae-3244	133	30	)	)	PUNCT
bae-3244	133	31	and	and	CCONJ
bae-3244	133	32	chicago	chicago	PROPN
bae-3244	133	33	(	(	PUNCT
bae-3244	133	34	usa	usa	PROPN
bae-3244	133	35	)	)	PUNCT
bae-3244	133	36	were	be	AUX
bae-3244	133	37	also	also	ADV
bae-3244	133	38	collected	collect	VERB
bae-3244	133	39	.	.	PUNCT
bae-3244	134	1	3.2	3.2	NUM
bae-3244	134	2	methodology	methodology	NOUN
bae-3244	134	3	the	the	DET
bae-3244	134	4	methodology	methodology	NOUN
bae-3244	134	5	of	of	ADP
bae-3244	134	6	the	the	DET
bae-3244	134	7	paper	paper	NOUN
bae-3244	134	8	is	be	AUX
bae-3244	134	9	based	base	VERB
bae-3244	134	10	on	on	ADP
bae-3244	134	11	carter	carter	PROPN
bae-3244	134	12	(	(	PUNCT
bae-3244	134	13	1984	1984	NUM
bae-3244	134	14	)	)	PUNCT
bae-3244	134	15	and	and	CCONJ
bae-3244	134	16	it	it	PRON
bae-3244	134	17	comprises	comprise	VERB
bae-3244	134	18	two	two	NUM
bae-3244	134	19	parts	part	NOUN
bae-3244	134	20	:	:	PUNCT
bae-3244	134	21	first	first	ADV
bae-3244	134	22	,	,	PUNCT
bae-3244	134	23	it	it	PRON
bae-3244	134	24	explores	explore	VERB
bae-3244	134	25	the	the	DET
bae-3244	134	26	efficiency	efficiency	NOUN
bae-3244	134	27	of	of	ADP
bae-3244	134	28	wheat	wheat	NOUN
bae-3244	134	29	future	future	ADJ
bae-3244	134	30	markets	market	NOUN
bae-3244	134	31	,	,	PUNCT
bae-3244	134	32	and	and	CCONJ
bae-3244	134	33	second	second	ADJ
bae-3244	134	34	,	,	PUNCT
bae-3244	134	35	hedging	hedging	NOUN
bae-3244	134	36	effectiveness	effectiveness	NOUN
bae-3244	134	37	is	be	AUX
bae-3244	134	38	addressed	address	VERB
bae-3244	134	39	for	for	ADP
bae-3244	134	40	the	the	DET
bae-3244	134	41	periods	period	NOUN
bae-3244	134	42	before	before	ADV
bae-3244	134	43	and	and	CCONJ
bae-3244	134	44	after	after	ADP
bae-3244	134	45	2006	2006	NUM
bae-3244	134	46	,	,	PUNCT
bae-3244	134	47	i.e.	i.e.	X
bae-3244	134	48	,	,	PUNCT
bae-3244	134	49	two	two	NUM
bae-3244	134	50	periods	period	NOUN
bae-3244	134	51	of	of	ADP
bae-3244	134	52	very	very	ADV
bae-3244	134	53	different	different	ADJ
bae-3244	134	54	volatility	volatility	NOUN
bae-3244	134	55	levels	level	NOUN
bae-3244	134	56	.	.	PUNCT
bae-3244	135	1	the	the	DET
bae-3244	135	2	choice	choice	NOUN
bae-3244	135	3	of	of	ADP
bae-3244	135	4	studying	study	VERB
bae-3244	135	5	the	the	DET
bae-3244	135	6	efficiency	efficiency	NOUN
bae-3244	135	7	of	of	ADP
bae-3244	135	8	the	the	DET
bae-3244	135	9	markets	market	NOUN
bae-3244	135	10	and	and	CCONJ
bae-3244	135	11	not	not	PART
bae-3244	135	12	only	only	ADV
bae-3244	135	13	the	the	DET
bae-3244	135	14	hedging	hedging	NOUN
bae-3244	135	15	effectiveness	effectiveness	NOUN
bae-3244	135	16	is	be	AUX
bae-3244	135	17	due	due	ADJ
bae-3244	135	18	to	to	ADP
bae-3244	135	19	the	the	DET
bae-3244	135	20	fact	fact	NOUN
bae-3244	135	21	that	that	SCONJ
bae-3244	135	22	if	if	SCONJ
bae-3244	135	23	the	the	DET
bae-3244	135	24	markets	market	NOUN
bae-3244	135	25	do	do	AUX
bae-3244	135	26	not	not	PART
bae-3244	135	27	operate	operate	VERB
bae-3244	135	28	efficiently	efficiently	ADV
bae-3244	135	29	(	(	PUNCT
bae-3244	135	30	e.g.	e.g.	ADV
bae-3244	135	31	,	,	PUNCT
bae-3244	135	32	they	they	PRON
bae-3244	135	33	are	be	AUX
bae-3244	135	34	thin	thin	ADJ
bae-3244	135	35	)	)	PUNCT
bae-3244	135	36	then	then	ADV
bae-3244	135	37	they	they	PRON
bae-3244	135	38	can	can	AUX
bae-3244	135	39	not	not	PART
bae-3244	135	40	be	be	AUX
bae-3244	135	41	useful	useful	ADJ
bae-3244	135	42	for	for	ADP
bae-3244	135	43	hedging	hedging	NOUN
bae-3244	135	44	.	.	PUNCT
bae-3244	136	1	3.2.1	3.2.1	NUM
bae-3244	136	2	efficiency	efficiency	NOUN
bae-3244	136	3	analysis	analysis	NOUN
bae-3244	136	4	the	the	DET
bae-3244	136	5	efficiency	efficiency	NOUN
bae-3244	136	6	analysis	analysis	NOUN
bae-3244	136	7	of	of	ADP
bae-3244	136	8	the	the	DET
bae-3244	136	9	studied	study	VERB
bae-3244	136	10	futures	future	NOUN
bae-3244	136	11	markets	market	NOUN
bae-3244	136	12	comprised	comprise	VERB
bae-3244	136	13	three	three	NUM
bae-3244	136	14	complementary	complementary	ADJ
bae-3244	136	15	analyses	analysis	NOUN
bae-3244	136	16	:	:	PUNCT
bae-3244	136	17	(	(	PUNCT
bae-3244	136	18	1	1	X
bae-3244	136	19	)	)	PUNCT
bae-3244	136	20	price	price	NOUN
bae-3244	136	21	efficiency	efficiency	NOUN
bae-3244	136	22	;	;	PUNCT
bae-3244	136	23	(	(	PUNCT
bae-3244	136	24	2	2	X
bae-3244	136	25	)	)	PUNCT
bae-3244	136	26	market	market	NOUN
bae-3244	136	27	unbiasedness	unbiasedness	NOUN
bae-3244	136	28	;	;	PUNCT
bae-3244	136	29	and	and	CCONJ
bae-3244	136	30	(	(	PUNCT
bae-3244	136	31	3	3	X
bae-3244	136	32	)	)	PUNCT
bae-3244	136	33	forecasting	forecasting	NOUN
bae-3244	136	34	predictability	predictability	NOUN
bae-3244	136	35	of	of	ADP
bae-3244	136	36	futures	future	NOUN
bae-3244	136	37	markets	market	NOUN
bae-3244	136	38	.	.	PUNCT
bae-3244	137	1	as	as	SCONJ
bae-3244	137	2	regards	regard	VERB
bae-3244	137	3	price	price	NOUN
bae-3244	137	4	efficiency	efficiency	NOUN
bae-3244	137	5	,	,	PUNCT
bae-3244	137	6	in	in	ADP
bae-3244	137	7	this	this	DET
bae-3244	137	8	paper	paper	NOUN
bae-3244	137	9	it	it	PRON
bae-3244	137	10	is	be	AUX
bae-3244	137	11	limited	limit	VERB
bae-3244	137	12	only	only	ADV
bae-3244	137	13	to	to	ADP
bae-3244	137	14	information	information	NOUN
bae-3244	137	15	conveyed	convey	VERB
bae-3244	137	16	from	from	ADP
bae-3244	137	17	historical	historical	ADJ
bae-3244	137	18	prices	price	NOUN
bae-3244	137	19	,	,	PUNCT
bae-3244	137	20	i.e.	i.e.	X
bae-3244	137	21	,	,	PUNCT
bae-3244	137	22	only	only	ADV
bae-3244	137	23	the	the	DET
bae-3244	137	24	so	so	ADV
bae-3244	137	25	-	-	PUNCT
bae-3244	137	26	called	call	VERB
bae-3244	137	27	“	"	PUNCT
bae-3244	137	28	weak	weak	ADJ
bae-3244	137	29	price	price	NOUN
bae-3244	137	30	efficiency	efficiency	NOUN
bae-3244	137	31	”	"	PUNCT
bae-3244	137	32	was	be	AUX
bae-3244	137	33	tested	test	VERB
bae-3244	137	34	(	(	PUNCT
bae-3244	137	35	fama	fama	PROPN
bae-3244	137	36	,	,	PUNCT
bae-3244	137	37	1970).3	1970).3	NUM
bae-3244	137	38	it	it	PRON
bae-3244	137	39	consisted	consist	VERB
bae-3244	137	40	of	of	ADP
bae-3244	137	41	studying	study	VERB
bae-3244	137	42	the	the	DET
bae-3244	137	43	autocorrelation	autocorrelation	NOUN
bae-3244	137	44	of	of	ADP
bae-3244	137	45	the	the	DET
bae-3244	137	46	returns	return	NOUN
bae-3244	137	47	(	(	PUNCT
bae-3244	137	48	i.e.	i.e.	X
bae-3244	137	49	,	,	PUNCT
bae-3244	137	50	first	first	ADJ
bae-3244	137	51	difference	difference	NOUN
bae-3244	137	52	of	of	ADP
bae-3244	137	53	futures	future	NOUN
bae-3244	137	54	price	price	NOUN
bae-3244	137	55	logarithms	logarithm	NOUN
bae-3244	137	56	)	)	PUNCT
bae-3244	137	57	and	and	CCONJ
bae-3244	137	58	verifying	verify	VERB
bae-3244	137	59	that	that	SCONJ
bae-3244	137	60	they	they	PRON
bae-3244	137	61	show	show	VERB
bae-3244	137	62	low	low	ADJ
bae-3244	137	63	autocorrelations	autocorrelation	NOUN
bae-3244	137	64	(	(	PUNCT
bae-3244	137	65	i.e.	i.e.	X
bae-3244	137	66	,	,	PUNCT
bae-3244	137	67	because	because	SCONJ
bae-3244	137	68	past	past	ADJ
bae-3244	137	69	information	information	NOUN
bae-3244	137	70	of	of	ADP
bae-3244	137	71	returns	return	NOUN
bae-3244	137	72	would	would	AUX
bae-3244	137	73	be	be	AUX
bae-3244	137	74	not	not	PART
bae-3244	137	75	useful	useful	ADJ
bae-3244	137	76	to	to	PART
bae-3244	137	77	predict	predict	VERB
bae-3244	137	78	future	future	ADJ
bae-3244	137	79	returns	return	NOUN
bae-3244	137	80	)	)	PUNCT
bae-3244	137	81	.	.	PUNCT
bae-3244	138	1	the	the	DET
bae-3244	138	2	market	market	NOUN
bae-3244	138	3	unbiasedness	unbiasedness	NOUN
bae-3244	138	4	is	be	AUX
bae-3244	138	5	associated	associate	VERB
bae-3244	138	6	to	to	ADP
bae-3244	138	7	the	the	DET
bae-3244	138	8	theory	theory	NOUN
bae-3244	138	9	of	of	ADP
bae-3244	138	10	“	"	PUNCT
bae-3244	138	11	normal	normal	ADJ
bae-3244	138	12	backwardation	backwardation	NOUN
bae-3244	138	13	”	"	PUNCT
bae-3244	138	14	and	and	CCONJ
bae-3244	138	15	the	the	DET
bae-3244	138	16	possibility	possibility	NOUN
bae-3244	138	17	that	that	SCONJ
bae-3244	138	18	speculators	speculator	NOUN
bae-3244	138	19	would	would	AUX
bae-3244	138	20	perceive	perceive	VERB
bae-3244	138	21	profits	profit	NOUN
bae-3244	138	22	for	for	ADP
bae-3244	138	23	absorbing	absorb	VERB
bae-3244	138	24	the	the	DET
bae-3244	138	25	taking	take	VERB
bae-3244	138	26	risks	risk	NOUN
bae-3244	138	27	(	(	PUNCT
bae-3244	138	28	i.e.	i.e.	X
bae-3244	138	29	,	,	PUNCT
bae-3244	138	30	an	an	DET
bae-3244	138	31	inefficient	inefficient	ADJ
bae-3244	138	32	market	market	NOUN
bae-3244	138	33	should	should	AUX
bae-3244	138	34	give	give	VERB
bae-3244	138	35	a	a	DET
bae-3244	138	36	structural	structural	ADJ
bae-3244	138	37	advantage	advantage	NOUN
bae-3244	138	38	to	to	ADP
bae-3244	138	39	the	the	DET
bae-3244	138	40	long	long	ADJ
bae-3244	138	41	positions	position	NOUN
bae-3244	138	42	taken	take	VERB
bae-3244	138	43	by	by	ADP
bae-3244	138	44	speculators	speculator	NOUN
bae-3244	138	45	with	with	ADP
bae-3244	138	46	respect	respect	NOUN
bae-3244	138	47	to	to	ADP
bae-3244	138	48	the	the	DET
bae-3244	138	49	short	short	ADJ
bae-3244	138	50	positions	position	NOUN
bae-3244	138	51	taken	take	VERB
bae-3244	138	52	by	by	ADP
bae-3244	138	53	hedgers	hedger	NOUN
bae-3244	138	54	)	)	PUNCT
bae-3244	138	55	.	.	PUNCT
bae-3244	139	1	according	accord	VERB
bae-3244	139	2	to	to	ADP
bae-3244	139	3	carter	carter	PROPN
bae-3244	139	4	(	(	PUNCT
bae-3244	139	5	1984	1984	NUM
bae-3244	139	6	)	)	PUNCT
bae-3244	139	7	this	this	DET
bae-3244	139	8	characteristic	characteristic	NOUN
bae-3244	139	9	is	be	AUX
bae-3244	139	10	typical	typical	ADJ
bae-3244	139	11	of	of	ADP
bae-3244	139	12	thin	thin	ADJ
bae-3244	139	13	markets	market	NOUN
bae-3244	139	14	where	where	SCONJ
bae-3244	139	15	the	the	DET
bae-3244	139	16	hedgers	hedger	NOUN
bae-3244	139	17	,	,	PUNCT
bae-3244	139	18	interested	interested	ADJ
bae-3244	139	19	in	in	ADP
bae-3244	139	20	transferring	transfer	VERB
bae-3244	139	21	the	the	DET
bae-3244	139	22	risk	risk	NOUN
bae-3244	139	23	to	to	ADP
bae-3244	139	24	other	other	ADJ
bae-3244	139	25	agents	agent	NOUN
bae-3244	139	26	,	,	PUNCT
bae-3244	139	27	would	would	AUX
bae-3244	139	28	accept	accept	VERB
bae-3244	139	29	returns	return	NOUN
bae-3244	139	30	favouring	favour	VERB
bae-3244	139	31	in	in	ADP
bae-3244	139	32	the	the	DET
bae-3244	139	33	long	long	ADV
bae-3244	139	34	-	-	PUNCT
bae-3244	139	35	run	run	VERB
bae-3244	139	36	the	the	DET
bae-3244	139	37	buyers	buyer	NOUN
bae-3244	139	38	of	of	ADP
bae-3244	139	39	the	the	DET
bae-3244	139	40	contracts	contract	NOUN
bae-3244	139	41	.	.	PUNCT
bae-3244	140	1	market	market	NOUN
bae-3244	140	2	unbiasedness	unbiasedness	NOUN
bae-3244	140	3	was	be	AUX
bae-3244	140	4	tested	test	VERB
bae-3244	140	5	using	use	VERB
bae-3244	140	6	the	the	DET
bae-3244	140	7	implication	implication	NOUN
bae-3244	140	8	simulating	simulate	VERB
bae-3244	140	9	a	a	DET
bae-3244	140	10	trade	trade	NOUN
bae-3244	140	11	routine	routine	NOUN
bae-3244	140	12	,	,	PUNCT
bae-3244	140	13	such	such	ADJ
bae-3244	140	14	as	as	ADP
bae-3244	140	15	the	the	DET
bae-3244	140	16	long	long	ADJ
bae-3244	140	17	position	position	NOUN
bae-3244	140	18	taken	take	VERB
bae-3244	140	19	by	by	ADP
bae-3244	140	20	speculators	speculator	NOUN
bae-3244	140	21	in	in	ADP
bae-3244	140	22	futures	future	NOUN
bae-3244	140	23	market	market	NOUN
bae-3244	140	24	,	,	PUNCT
bae-3244	140	25	should	should	AUX
bae-3244	140	26	earn	earn	VERB
bae-3244	140	27	them	they	PRON
bae-3244	140	28	positive	positive	ADJ
bae-3244	140	29	3	3	NUM
bae-3244	140	30	other	other	ADJ
bae-3244	140	31	notions	notion	NOUN
bae-3244	140	32	of	of	ADP
bae-3244	140	33	efficiency	efficiency	NOUN
bae-3244	140	34	,	,	PUNCT
bae-3244	140	35	i.e.	i.e.	X
bae-3244	140	36	,	,	PUNCT
bae-3244	140	37	semi	semi	ADJ
bae-3244	140	38	-	-	ADJ
bae-3244	140	39	strong	strong	ADJ
bae-3244	140	40	or	or	CCONJ
bae-3244	140	41	strong	strong	ADJ
bae-3244	140	42	,	,	PUNCT
bae-3244	140	43	would	would	AUX
bae-3244	140	44	have	have	AUX
bae-3244	140	45	required	require	VERB
bae-3244	140	46	either	either	DET
bae-3244	140	47	availability	availability	NOUN
bae-3244	140	48	of	of	ADP
bae-3244	140	49	public	public	ADJ
bae-3244	140	50	information	information	NOUN
bae-3244	140	51	on	on	ADP
bae-3244	140	52	the	the	DET
bae-3244	140	53	market	market	NOUN
bae-3244	140	54	fundamentals	fundamental	NOUN
bae-3244	140	55	(	(	PUNCT
bae-3244	140	56	e.g.	e.g.	ADV
bae-3244	140	57	,	,	PUNCT
bae-3244	140	58	supply	supply	NOUN
bae-3244	140	59	-	-	PUNCT
bae-3244	140	60	demand	demand	NOUN
bae-3244	140	61	sheets	sheet	NOUN
bae-3244	140	62	,	,	PUNCT
bae-3244	140	63	ending	end	VERB
bae-3244	140	64	stocks	stock	NOUN
bae-3244	140	65	,	,	PUNCT
bae-3244	140	66	stock	stock	NOUN
bae-3244	140	67	to	to	PART
bae-3244	140	68	use	use	VERB
bae-3244	140	69	ratio	ratio	NOUN
bae-3244	140	70	)	)	PUNCT
bae-3244	140	71	or	or	CCONJ
bae-3244	140	72	private	private	ADJ
bae-3244	140	73	information	information	NOUN
bae-3244	140	74	.	.	PUNCT
bae-3244	141	1	243european	243european	ADJ
bae-3244	141	2	commodity	commodity	NOUN
bae-3244	141	3	futures	future	NOUN
bae-3244	141	4	markets	market	NOUN
bae-3244	141	5	profits	profit	NOUN
bae-3244	141	6	over	over	ADP
bae-3244	141	7	time	time	NOUN
bae-3244	141	8	(	(	PUNCT
bae-3244	141	9	in	in	ADP
bae-3244	141	10	contrast	contrast	NOUN
bae-3244	141	11	to	to	ADP
bae-3244	141	12	hedgers	hedger	NOUN
bae-3244	141	13	who	who	PRON
bae-3244	141	14	are	be	AUX
bae-3244	141	15	supposed	suppose	VERB
bae-3244	141	16	to	to	PART
bae-3244	141	17	be	be	AUX
bae-3244	141	18	continuously	continuously	ADV
bae-3244	141	19	net	net	ADJ
bae-3244	141	20	short	short	ADJ
bae-3244	141	21	and	and	CCONJ
bae-3244	141	22	making	make	VERB
bae-3244	141	23	losses	loss	NOUN
bae-3244	141	24	equivalent	equivalent	ADJ
bae-3244	141	25	to	to	ADP
bae-3244	141	26	the	the	DET
bae-3244	141	27	price	price	NOUN
bae-3244	141	28	insurance	insurance	NOUN
bae-3244	141	29	they	they	PRON
bae-3244	141	30	pay	pay	VERB
bae-3244	141	31	for	for	ADP
bae-3244	141	32	their	their	PRON
bae-3244	141	33	reduction	reduction	NOUN
bae-3244	141	34	in	in	ADP
bae-3244	141	35	price	price	NOUN
bae-3244	141	36	risk	risk	NOUN
bae-3244	141	37	)	)	PUNCT
bae-3244	141	38	.	.	PUNCT
bae-3244	142	1	in	in	ADP
bae-3244	142	2	this	this	DET
bae-3244	142	3	paper	paper	NOUN
bae-3244	142	4	,	,	PUNCT
bae-3244	142	5	following	follow	VERB
bae-3244	142	6	carter	carter	NOUN
bae-3244	142	7	,	,	PUNCT
bae-3244	142	8	we	we	PRON
bae-3244	142	9	used	use	VERB
bae-3244	142	10	the	the	DET
bae-3244	142	11	trading	trading	NOUN
bae-3244	142	12	routines	routine	NOUN
bae-3244	142	13	designed	design	VERB
bae-3244	142	14	by	by	ADP
bae-3244	142	15	cootner	cootner	PROPN
bae-3244	142	16	(	(	PUNCT
bae-3244	142	17	1960	1960	NUM
bae-3244	142	18	)	)	PUNCT
bae-3244	142	19	and	and	CCONJ
bae-3244	142	20	gray	gray	ADJ
bae-3244	142	21	(	(	PUNCT
bae-3244	142	22	1961	1961	NUM
bae-3244	142	23	)	)	PUNCT
bae-3244	142	24	.	.	PUNCT
bae-3244	143	1	the	the	DET
bae-3244	143	2	gray	gray	PROPN
bae-3244	143	3	’s	’s	PART
bae-3244	143	4	trading	trading	NOUN
bae-3244	143	5	routine	routine	NOUN
bae-3244	143	6	assumes	assume	VERB
bae-3244	143	7	that	that	SCONJ
bae-3244	143	8	the	the	DET
bae-3244	143	9	speculator	speculator	NOUN
bae-3244	143	10	takes	take	VERB
bae-3244	143	11	a	a	DET
bae-3244	143	12	net	net	ADJ
bae-3244	143	13	long	long	ADJ
bae-3244	143	14	position	position	NOUN
bae-3244	143	15	all	all	DET
bae-3244	143	16	the	the	DET
bae-3244	143	17	year	year	NOUN
bae-3244	143	18	round	round	ADV
bae-3244	143	19	.	.	PUNCT
bae-3244	144	1	if	if	SCONJ
bae-3244	144	2	the	the	DET
bae-3244	144	3	annual	annual	ADJ
bae-3244	144	4	harvest	harvest	NOUN
bae-3244	144	5	is	be	AUX
bae-3244	144	6	immediately	immediately	ADV
bae-3244	144	7	hedged	hedge	VERB
bae-3244	144	8	,	,	PUNCT
bae-3244	144	9	the	the	DET
bae-3244	144	10	price	price	NOUN
bae-3244	144	11	at	at	ADP
bae-3244	144	12	harvest	harvest	NOUN
bae-3244	144	13	time	time	NOUN
bae-3244	144	14	must	must	AUX
bae-3244	144	15	be	be	AUX
bae-3244	144	16	low	low	ADJ
bae-3244	144	17	enough	enough	ADV
bae-3244	144	18	to	to	PART
bae-3244	144	19	induce	induce	VERB
bae-3244	144	20	speculators	speculator	NOUN
bae-3244	144	21	to	to	PART
bae-3244	144	22	invest	invest	VERB
bae-3244	144	23	on	on	ADP
bae-3244	144	24	the	the	DET
bae-3244	144	25	long	long	ADJ
bae-3244	144	26	side	side	NOUN
bae-3244	144	27	of	of	ADP
bae-3244	144	28	the	the	DET
bae-3244	144	29	hedge	hedge	NOUN
bae-3244	144	30	.	.	PUNCT
bae-3244	145	1	futures	future	NOUN
bae-3244	145	2	prices	price	NOUN
bae-3244	145	3	must	must	AUX
bae-3244	145	4	rise	rise	VERB
bae-3244	145	5	continuously	continuously	ADV
bae-3244	145	6	over	over	ADP
bae-3244	145	7	the	the	DET
bae-3244	145	8	postharvest	postharv	ADJ
bae-3244	145	9	life	life	NOUN
bae-3244	145	10	of	of	ADP
bae-3244	145	11	the	the	DET
bae-3244	145	12	contracts	contract	NOUN
bae-3244	145	13	in	in	ADP
bae-3244	145	14	order	order	NOUN
bae-3244	145	15	to	to	PART
bae-3244	145	16	insure	insure	VERB
bae-3244	145	17	profits	profit	NOUN
bae-3244	145	18	for	for	ADP
bae-3244	145	19	speculators	speculator	NOUN
bae-3244	145	20	as	as	ADP
bae-3244	145	21	a	a	DET
bae-3244	145	22	whole	whole	NOUN
bae-3244	145	23	.	.	PUNCT
bae-3244	146	1	the	the	DET
bae-3244	146	2	hypothetical	hypothetical	ADJ
bae-3244	146	3	gray	gray	NOUN
bae-3244	146	4	’s	’s	PART
bae-3244	146	5	trading	trading	NOUN
bae-3244	146	6	routine	routine	NOUN
bae-3244	146	7	involves	involve	VERB
bae-3244	146	8	purchasing	purchase	VERB
bae-3244	146	9	the	the	DET
bae-3244	146	10	futures	future	NOUN
bae-3244	146	11	contract	contract	NOUN
bae-3244	146	12	closest	close	ADJ
bae-3244	146	13	to	to	ADP
bae-3244	146	14	maturity	maturity	NOUN
bae-3244	146	15	buying	buy	VERB
bae-3244	146	16	it	it	PRON
bae-3244	146	17	on	on	ADP
bae-3244	146	18	the	the	DET
bae-3244	146	19	first	first	ADJ
bae-3244	146	20	trading	trading	NOUN
bae-3244	146	21	day	day	NOUN
bae-3244	146	22	in	in	ADP
bae-3244	146	23	the	the	DET
bae-3244	146	24	delivery	delivery	NOUN
bae-3244	146	25	month	month	NOUN
bae-3244	146	26	of	of	ADP
bae-3244	146	27	the	the	DET
bae-3244	146	28	preceding	precede	VERB
bae-3244	146	29	futures	future	NOUN
bae-3244	146	30	contract	contract	NOUN
bae-3244	146	31	.	.	PUNCT
bae-3244	147	1	then	then	ADV
bae-3244	147	2	,	,	PUNCT
bae-3244	147	3	every	every	DET
bae-3244	147	4	contract	contract	NOUN
bae-3244	147	5	is	be	AUX
bae-3244	147	6	sold	sell	VERB
bae-3244	147	7	on	on	ADP
bae-3244	147	8	the	the	DET
bae-3244	147	9	first	first	ADJ
bae-3244	147	10	trading	trading	NOUN
bae-3244	147	11	day	day	NOUN
bae-3244	147	12	of	of	ADP
bae-3244	147	13	its	its	PRON
bae-3244	147	14	own	own	ADJ
bae-3244	147	15	delivery	delivery	NOUN
bae-3244	147	16	month	month	NOUN
bae-3244	147	17	.	.	PUNCT
bae-3244	148	1	in	in	ADP
bae-3244	148	2	contrast	contrast	NOUN
bae-3244	148	3	to	to	ADP
bae-3244	148	4	gray	gray	VERB
bae-3244	148	5	’s	’s	PART
bae-3244	148	6	routine	routine	ADJ
bae-3244	148	7	,	,	PUNCT
bae-3244	148	8	cootner	cootner	PROPN
bae-3244	148	9	noted	note	VERB
bae-3244	148	10	that	that	SCONJ
bae-3244	148	11	hedgers	hedger	NOUN
bae-3244	148	12	were	be	AUX
bae-3244	148	13	not	not	PART
bae-3244	148	14	always	always	ADV
bae-3244	148	15	net	net	ADJ
bae-3244	148	16	short	short	ADJ
bae-3244	148	17	,	,	PUNCT
bae-3244	148	18	in	in	ADP
bae-3244	148	19	fact	fact	NOUN
bae-3244	148	20	,	,	PUNCT
bae-3244	148	21	when	when	SCONJ
bae-3244	148	22	commitments	commitment	NOUN
bae-3244	148	23	to	to	PART
bae-3244	148	24	deliver	deliver	VERB
bae-3244	148	25	at	at	ADP
bae-3244	148	26	fixed	fix	VERB
bae-3244	148	27	prices	price	NOUN
bae-3244	148	28	are	be	AUX
bae-3244	148	29	larger	large	ADJ
bae-3244	148	30	than	than	ADP
bae-3244	148	31	commitments	commitment	NOUN
bae-3244	148	32	to	to	PART
bae-3244	148	33	buy	buy	VERB
bae-3244	148	34	,	,	PUNCT
bae-3244	148	35	hedging	hedging	NOUN
bae-3244	148	36	may	may	AUX
bae-3244	148	37	be	be	AUX
bae-3244	148	38	net	net	ADJ
bae-3244	148	39	long	long	ADJ
bae-3244	148	40	.	.	PUNCT
bae-3244	149	1	therefore	therefore	ADV
bae-3244	149	2	,	,	PUNCT
bae-3244	149	3	during	during	ADP
bae-3244	149	4	the	the	DET
bae-3244	149	5	period	period	NOUN
bae-3244	149	6	of	of	ADP
bae-3244	149	7	declining	decline	VERB
bae-3244	149	8	interest	interest	NOUN
bae-3244	149	9	on	on	ADP
bae-3244	149	10	shorthedging	shorthedge	VERB
bae-3244	149	11	,	,	PUNCT
bae-3244	149	12	prices	price	NOUN
bae-3244	149	13	must	must	AUX
bae-3244	149	14	fall	fall	VERB
bae-3244	149	15	.	.	PUNCT
bae-3244	150	1	under	under	ADP
bae-3244	150	2	this	this	DET
bae-3244	150	3	condition	condition	NOUN
bae-3244	150	4	a	a	DET
bae-3244	150	5	rational	rational	ADJ
bae-3244	150	6	behaviour	behaviour	NOUN
bae-3244	150	7	of	of	ADP
bae-3244	150	8	speculators	speculator	NOUN
bae-3244	150	9	is	be	AUX
bae-3244	150	10	to	to	PART
bae-3244	150	11	be	be	AUX
bae-3244	150	12	long	long	ADV
bae-3244	150	13	not	not	PART
bae-3244	150	14	for	for	ADP
bae-3244	150	15	all	all	DET
bae-3244	150	16	the	the	DET
bae-3244	150	17	months	month	NOUN
bae-3244	150	18	but	but	CCONJ
bae-3244	150	19	only	only	ADV
bae-3244	150	20	for	for	ADP
bae-3244	150	21	a	a	DET
bae-3244	150	22	part	part	NOUN
bae-3244	150	23	of	of	ADP
bae-3244	150	24	the	the	DET
bae-3244	150	25	year	year	NOUN
bae-3244	150	26	(	(	PUNCT
bae-3244	150	27	being	be	AUX
bae-3244	150	28	short	short	ADJ
bae-3244	150	29	the	the	DET
bae-3244	150	30	other	other	ADJ
bae-3244	150	31	periods	period	NOUN
bae-3244	150	32	)	)	PUNCT
bae-3244	150	33	.	.	PUNCT
bae-3244	151	1	to	to	PART
bae-3244	151	2	apply	apply	VERB
bae-3244	151	3	cootner	cootner	PROPN
bae-3244	151	4	’s	’s	PART
bae-3244	151	5	routine	routine	ADJ
bae-3244	151	6	,	,	PUNCT
bae-3244	151	7	information	information	NOUN
bae-3244	151	8	on	on	ADP
bae-3244	151	9	price	price	NOUN
bae-3244	151	10	seasonality	seasonality	NOUN
bae-3244	151	11	was	be	AUX
bae-3244	151	12	extracted	extract	VERB
bae-3244	151	13	from	from	ADP
bae-3244	151	14	the	the	DET
bae-3244	151	15	data	datum	NOUN
bae-3244	151	16	.	.	PUNCT
bae-3244	152	1	this	this	PRON
bae-3244	152	2	allowed	allow	VERB
bae-3244	152	3	us	we	PRON
bae-3244	152	4	to	to	PART
bae-3244	152	5	adapt	adapt	VERB
bae-3244	152	6	the	the	DET
bae-3244	152	7	trading	trading	NOUN
bae-3244	152	8	routine	routine	NOUN
bae-3244	152	9	to	to	ADP
bae-3244	152	10	the	the	DET
bae-3244	152	11	actual	actual	ADJ
bae-3244	152	12	price	price	NOUN
bae-3244	152	13	dynamics	dynamic	NOUN
bae-3244	152	14	determining	determine	VERB
bae-3244	152	15	the	the	DET
bae-3244	152	16	months	month	NOUN
bae-3244	152	17	which	which	PRON
bae-3244	152	18	are	be	AUX
bae-3244	152	19	better	well	ADJ
bae-3244	152	20	for	for	ADP
bae-3244	152	21	taking	take	VERB
bae-3244	152	22	long	long	ADJ
bae-3244	152	23	and	and	CCONJ
bae-3244	152	24	short	short	ADJ
bae-3244	152	25	positions	position	NOUN
bae-3244	152	26	.	.	PUNCT
bae-3244	153	1	the	the	DET
bae-3244	153	2	forecasting	forecasting	NOUN
bae-3244	153	3	ability	ability	NOUN
bae-3244	153	4	of	of	ADP
bae-3244	153	5	futures	future	NOUN
bae-3244	153	6	markets	market	NOUN
bae-3244	153	7	of	of	ADP
bae-3244	153	8	the	the	DET
bae-3244	153	9	spot	spot	NOUN
bae-3244	153	10	price	price	NOUN
bae-3244	153	11	at	at	ADP
bae-3244	153	12	the	the	DET
bae-3244	153	13	delivery	delivery	NOUN
bae-3244	153	14	time	time	NOUN
bae-3244	153	15	comprised	comprise	VERB
bae-3244	153	16	two	two	NUM
bae-3244	153	17	aspects	aspect	NOUN
bae-3244	153	18	:	:	PUNCT
bae-3244	153	19	first	first	ADV
bae-3244	153	20	,	,	PUNCT
bae-3244	153	21	whether	whether	SCONJ
bae-3244	153	22	futures	future	NOUN
bae-3244	153	23	prices	price	NOUN
bae-3244	153	24	were	be	AUX
bae-3244	153	25	good	good	ADJ
bae-3244	153	26	predictors	predictor	NOUN
bae-3244	153	27	of	of	ADP
bae-3244	153	28	spot	spot	NOUN
bae-3244	153	29	prices	price	NOUN
bae-3244	153	30	at	at	ADP
bae-3244	153	31	the	the	DET
bae-3244	153	32	delivery	delivery	NOUN
bae-3244	153	33	time	time	NOUN
bae-3244	153	34	(	(	PUNCT
bae-3244	153	35	considering	consider	VERB
bae-3244	153	36	the	the	DET
bae-3244	153	37	average	average	ADJ
bae-3244	153	38	futures	future	NOUN
bae-3244	153	39	prices	price	NOUN
bae-3244	153	40	at	at	ADP
bae-3244	153	41	the	the	DET
bae-3244	153	42	planting	planting	NOUN
bae-3244	153	43	month	month	NOUN
bae-3244	153	44	and	and	CCONJ
bae-3244	153	45	the	the	DET
bae-3244	153	46	average	average	ADJ
bae-3244	153	47	spot	spot	NOUN
bae-3244	153	48	prices	price	NOUN
bae-3244	153	49	at	at	ADP
bae-3244	153	50	the	the	DET
bae-3244	153	51	delivery	delivery	NOUN
bae-3244	153	52	month	month	NOUN
bae-3244	153	53	)	)	PUNCT
bae-3244	153	54	was	be	AUX
bae-3244	153	55	measured	measure	VERB
bae-3244	153	56	using	use	VERB
bae-3244	153	57	the	the	DET
bae-3244	153	58	mean	mean	ADJ
bae-3244	153	59	squared	square	VERB
bae-3244	153	60	errors	error	NOUN
bae-3244	153	61	of	of	ADP
bae-3244	153	62	the	the	DET
bae-3244	153	63	prediction	prediction	NOUN
bae-3244	153	64	divided	divide	VERB
bae-3244	153	65	by	by	ADP
bae-3244	153	66	the	the	DET
bae-3244	153	67	average	average	ADJ
bae-3244	153	68	spot	spot	NOUN
bae-3244	153	69	price	price	NOUN
bae-3244	153	70	at	at	ADP
bae-3244	153	71	the	the	DET
bae-3244	153	72	delivery	delivery	NOUN
bae-3244	153	73	month	month	NOUN
bae-3244	153	74	(	(	PUNCT
bae-3244	153	75	i.e.	i.e.	X
bae-3244	153	76	,	,	PUNCT
bae-3244	153	77	the	the	DET
bae-3244	153	78	coefficient	coefficient	NOUN
bae-3244	153	79	of	of	ADP
bae-3244	153	80	variation).4	variation).4	NOUN
bae-3244	153	81	the	the	DET
bae-3244	153	82	second	second	ADJ
bae-3244	153	83	aspect	aspect	NOUN
bae-3244	153	84	was	be	AUX
bae-3244	153	85	to	to	PART
bae-3244	153	86	observe	observe	VERB
bae-3244	153	87	the	the	DET
bae-3244	153	88	sign	sign	NOUN
bae-3244	153	89	of	of	ADP
bae-3244	153	90	the	the	DET
bae-3244	153	91	prediction	prediction	NOUN
bae-3244	153	92	error	error	NOUN
bae-3244	153	93	to	to	PART
bae-3244	153	94	verify	verify	VERB
bae-3244	153	95	whether	whether	SCONJ
bae-3244	153	96	there	there	PRON
bae-3244	153	97	was	be	VERB
bae-3244	153	98	an	an	DET
bae-3244	153	99	apparent	apparent	ADJ
bae-3244	153	100	bias	bias	NOUN
bae-3244	153	101	(	(	PUNCT
bae-3244	153	102	i.e.	i.e.	X
bae-3244	153	103	,	,	PUNCT
bae-3244	153	104	whether	whether	SCONJ
bae-3244	153	105	the	the	DET
bae-3244	153	106	errors	error	NOUN
bae-3244	153	107	were	be	AUX
bae-3244	153	108	all	all	PRON
bae-3244	153	109	positive	positive	ADJ
bae-3244	153	110	or	or	CCONJ
bae-3244	153	111	negative	negative	ADJ
bae-3244	153	112	)	)	PUNCT
bae-3244	153	113	.	.	PUNCT
bae-3244	154	1	3.2.2	3.2.2	NUM
bae-3244	154	2	hedging	hedging	NOUN
bae-3244	154	3	effectiveness	effectiveness	NOUN
bae-3244	154	4	analysis	analysis	NOUN
bae-3244	154	5	the	the	DET
bae-3244	154	6	optimal	optimal	ADJ
bae-3244	154	7	hedging	hedging	NOUN
bae-3244	154	8	ratio	ratio	NOUN
bae-3244	154	9	was	be	AUX
bae-3244	154	10	computed	compute	VERB
bae-3244	154	11	using	use	VERB
bae-3244	154	12	equation	equation	NOUN
bae-3244	154	13	(	(	PUNCT
bae-3244	154	14	1	1	NUM
bae-3244	154	15	)	)	PUNCT
bae-3244	154	16	(	(	PUNCT
bae-3244	154	17	ederington	ederington	NOUN
bae-3244	154	18	’s	’s	X
bae-3244	154	19	,	,	PUNCT
bae-3244	154	20	1979	1979	NUM
bae-3244	154	21	;	;	PUNCT
bae-3244	154	22	leuthold	leuthold	VERB
bae-3244	154	23	et	et	PROPN
bae-3244	154	24	al	al	PROPN
bae-3244	154	25	.	.	PROPN
bae-3244	154	26	,	,	PUNCT
bae-3244	154	27	1989	1989	NUM
bae-3244	154	28	;	;	PUNCT
bae-3244	154	29	sanders	sander	NOUN
bae-3244	154	30	and	and	CCONJ
bae-3244	154	31	manfredo	manfredo	PROPN
bae-3244	154	32	,	,	PUNCT
bae-3244	154	33	2004	2004	NUM
bae-3244	154	34	)	)	PUNCT
bae-3244	154	35	,	,	PUNCT
bae-3244	154	36	where	where	SCONJ
bae-3244	154	37	δpst	δpst	VERB
bae-3244	154	38	the	the	DET
bae-3244	154	39	change	change	NOUN
bae-3244	154	40	in	in	ADP
bae-3244	154	41	the	the	DET
bae-3244	154	42	spot	spot	NOUN
bae-3244	154	43	price	price	NOUN
bae-3244	154	44	at	at	ADP
bae-3244	154	45	time	time	NOUN
bae-3244	154	46	period	period	NOUN
bae-3244	154	47	t	t	PROPN
bae-3244	154	48	,	,	PUNCT
bae-3244	154	49	δpft	δpft	VERB
bae-3244	154	50	the	the	DET
bae-3244	154	51	change	change	NOUN
bae-3244	154	52	in	in	ADP
bae-3244	154	53	the	the	DET
bae-3244	154	54	futures	future	NOUN
bae-3244	154	55	price	price	NOUN
bae-3244	154	56	at	at	ADP
bae-3244	154	57	time	time	NOUN
bae-3244	154	58	period	period	NOUN
bae-3244	154	59	t	t	PROPN
bae-3244	154	60	,	,	PUNCT
bae-3244	154	61	β	β	X
bae-3244	154	62	is	be	AUX
bae-3244	154	63	the	the	DET
bae-3244	154	64	hedging	hedging	NOUN
bae-3244	154	65	ratio	ratio	NOUN
bae-3244	154	66	α	α	PROPN
bae-3244	154	67	is	be	AUX
bae-3244	154	68	the	the	DET
bae-3244	154	69	intercept	intercept	NOUN
bae-3244	154	70	of	of	ADP
bae-3244	154	71	the	the	DET
bae-3244	154	72	regression	regression	NOUN
bae-3244	154	73	and	and	CCONJ
bae-3244	154	74	εt	εt	PROPN
bae-3244	154	75	is	be	AUX
bae-3244	154	76	the	the	DET
bae-3244	154	77	regression	regression	NOUN
bae-3244	154	78	error	error	NOUN
bae-3244	154	79	)	)	PUNCT
bae-3244	154	80	and	and	CCONJ
bae-3244	154	81	the	the	DET
bae-3244	154	82	r2	r2	PROPN
bae-3244	154	83	values	value	NOUN
bae-3244	154	84	give	give	VERB
bae-3244	154	85	the	the	DET
bae-3244	154	86	proportionate	proportionate	ADJ
bae-3244	154	87	reduction	reduction	NOUN
bae-3244	154	88	of	of	ADP
bae-3244	154	89	price	price	NOUN
bae-3244	154	90	risk	risk	NOUN
bae-3244	154	91	attainable	attainable	ADJ
bae-3244	154	92	(	(	PUNCT
bae-3244	154	93	i.e.	i.e.	X
bae-3244	154	94	,	,	PUNCT
bae-3244	154	95	the	the	DET
bae-3244	154	96	measure	measure	NOUN
bae-3244	154	97	of	of	ADP
bae-3244	154	98	hedging	hedging	NOUN
bae-3244	154	99	effectiveness	effectiveness	NOUN
bae-3244	154	100	,	,	PUNCT
bae-3244	154	101	hull	hull	NOUN
bae-3244	154	102	,	,	PUNCT
bae-3244	154	103	2008	2008	NUM
bae-3244	154	104	)	)	PUNCT
bae-3244	154	105	.	.	PUNCT
bae-3244	155	1	δpst	δpst	VERB
bae-3244	155	2	=	=	NOUN
bae-3244	155	3	α	α	NOUN
bae-3244	155	4	+	+	NOUN
bae-3244	155	5	βδpft	βδpft	ADJ
bae-3244	156	1	+	+	X
bae-3244	156	2	εt	εt	PROPN
bae-3244	156	3	(	(	PUNCT
bae-3244	156	4	1	1	X
bae-3244	156	5	)	)	PUNCT
bae-3244	156	6	myers	myer	NOUN
bae-3244	156	7	and	and	CCONJ
bae-3244	156	8	thompson	thompson	PROPN
bae-3244	156	9	(	(	PUNCT
bae-3244	156	10	1989	1989	NUM
bae-3244	156	11	)	)	PUNCT
bae-3244	156	12	found	find	VERB
bae-3244	156	13	that	that	SCONJ
bae-3244	156	14	the	the	DET
bae-3244	156	15	model	model	NOUN
bae-3244	156	16	with	with	ADP
bae-3244	156	17	the	the	DET
bae-3244	156	18	prices	price	NOUN
bae-3244	156	19	in	in	ADP
bae-3244	156	20	levels	level	NOUN
bae-3244	156	21	provided	provide	VERB
bae-3244	156	22	a	a	DET
bae-3244	156	23	poor	poor	ADJ
bae-3244	156	24	estimation	estimation	NOUN
bae-3244	156	25	of	of	ADP
bae-3244	156	26	the	the	DET
bae-3244	156	27	ratio	ratio	NOUN
bae-3244	156	28	(	(	PUNCT
bae-3244	156	29	since	since	SCONJ
bae-3244	156	30	the	the	DET
bae-3244	156	31	variables	variable	NOUN
bae-3244	156	32	are	be	AUX
bae-3244	156	33	normally	normally	ADV
bae-3244	156	34	non	non	ADJ
bae-3244	156	35	-	-	ADJ
bae-3244	156	36	stationary	stationary	ADJ
bae-3244	156	37	)	)	PUNCT
bae-3244	156	38	,	,	PUNCT
bae-3244	156	39	instead	instead	ADV
bae-3244	156	40	the	the	DET
bae-3244	156	41	estimation	estimation	NOUN
bae-3244	156	42	of	of	ADP
bae-3244	156	43	a	a	DET
bae-3244	156	44	model	model	NOUN
bae-3244	156	45	such	such	ADJ
bae-3244	156	46	as	as	ADP
bae-3244	156	47	(	(	PUNCT
bae-3244	156	48	1	1	NUM
bae-3244	156	49	)	)	PUNCT
bae-3244	156	50	provided	provide	VERB
bae-3244	156	51	reasonably	reasonably	ADV
bae-3244	156	52	accurate	accurate	ADJ
bae-3244	156	53	estimates	estimate	NOUN
bae-3244	156	54	(	(	PUNCT
bae-3244	156	55	myers	myer	NOUN
bae-3244	156	56	and	and	CCONJ
bae-3244	156	57	thompson	thompson	PROPN
bae-3244	156	58	,	,	PUNCT
bae-3244	156	59	p.	p.	NOUN
bae-3244	156	60	859	859	NUM
bae-3244	156	61	)	)	PUNCT
bae-3244	156	62	.	.	PUNCT
bae-3244	157	1	4	4	NUM
bae-3244	157	2	a	a	DET
bae-3244	157	3	coefficient	coefficient	NOUN
bae-3244	157	4	of	of	ADP
bae-3244	157	5	variation	variation	NOUN
bae-3244	157	6	was	be	AUX
bae-3244	157	7	used	use	VERB
bae-3244	157	8	instead	instead	ADV
bae-3244	157	9	of	of	ADP
bae-3244	157	10	just	just	ADV
bae-3244	157	11	the	the	DET
bae-3244	157	12	mean	mean	ADJ
bae-3244	157	13	square	square	ADJ
bae-3244	157	14	prediction	prediction	NOUN
bae-3244	157	15	error	error	NOUN
bae-3244	157	16	to	to	PART
bae-3244	157	17	allow	allow	VERB
bae-3244	157	18	for	for	ADP
bae-3244	157	19	a	a	DET
bae-3244	157	20	comparison	comparison	NOUN
bae-3244	157	21	of	of	ADP
bae-3244	157	22	the	the	DET
bae-3244	157	23	results	result	NOUN
bae-3244	157	24	for	for	ADP
bae-3244	157	25	the	the	DET
bae-3244	157	26	studied	study	VERB
bae-3244	157	27	markets	market	NOUN
bae-3244	157	28	(	(	PUNCT
bae-3244	157	29	given	give	VERB
bae-3244	157	30	the	the	DET
bae-3244	157	31	fact	fact	NOUN
bae-3244	157	32	that	that	SCONJ
bae-3244	157	33	the	the	DET
bae-3244	157	34	each	each	PRON
bae-3244	157	35	of	of	ADP
bae-3244	157	36	the	the	DET
bae-3244	157	37	studied	study	VERB
bae-3244	157	38	markets	market	NOUN
bae-3244	157	39	are	be	AUX
bae-3244	157	40	in	in	ADP
bae-3244	157	41	different	different	ADJ
bae-3244	157	42	currencies	currency	NOUN
bae-3244	157	43	)	)	PUNCT
bae-3244	157	44	.	.	PUNCT
bae-3244	158	1	244	244	NUM
bae-3244	158	2	c.	c.	PROPN
bae-3244	158	3	revoredo	revoredo	PROPN
bae-3244	158	4	-	-	PUNCT
bae-3244	158	5	giha	giha	PROPN
bae-3244	158	6	,	,	PUNCT
bae-3244	158	7	m.	m.	NOUN
bae-3244	158	8	zuppiroli	zuppiroli	NOUN
bae-3244	158	9	to	to	PART
bae-3244	158	10	test	test	VERB
bae-3244	158	11	the	the	DET
bae-3244	158	12	stability	stability	NOUN
bae-3244	158	13	of	of	ADP
bae-3244	158	14	the	the	DET
bae-3244	158	15	hedging	hedging	NOUN
bae-3244	158	16	ratios	ratio	NOUN
bae-3244	158	17	over	over	ADP
bae-3244	158	18	time	time	NOUN
bae-3244	158	19	slope	slope	NOUN
bae-3244	158	20	dummy	dummy	ADJ
bae-3244	158	21	variables	variable	NOUN
bae-3244	158	22	were	be	AUX
bae-3244	158	23	introduced	introduce	VERB
bae-3244	158	24	for	for	ADP
bae-3244	158	25	the	the	DET
bae-3244	158	26	years	year	NOUN
bae-3244	158	27	2006	2006	NUM
bae-3244	158	28	until	until	ADP
bae-3244	158	29	2012	2012	NUM
bae-3244	158	30	.	.	PUNCT
bae-3244	159	1	the	the	DET
bae-3244	159	2	augmented	augment	VERB
bae-3244	159	3	model	model	NOUN
bae-3244	159	4	with	with	ADP
bae-3244	159	5	dummies	dummy	NOUN
bae-3244	159	6	is	be	AUX
bae-3244	159	7	given	give	VERB
bae-3244	159	8	by	by	ADP
bae-3244	159	9	(	(	PUNCT
bae-3244	159	10	2	2	NUM
bae-3244	159	11	):	):	PUNCT
bae-3244	159	12	2	2	NUM
bae-3244	159	13	(	(	PUNCT
bae-3244	159	14	)	)	PUNCT
bae-3244	159	15	δpst	δpst	NOUN
bae-3244	159	16	=	=	NOUN
bae-3244	159	17	α	α	NOUN
bae-3244	159	18	+	+	NOUN
bae-3244	159	19	βδpft	βδpft	ADJ
bae-3244	159	20	+	+	X
bae-3244	159	21	γ	γ	X
bae-3244	159	22	i	i	PRON
bae-3244	159	23	⋅di	⋅di	NOUN
bae-3244	159	24	⋅δpft	⋅δpft	VERB
bae-3244	159	25	i=2006	i=2006	PROPN
bae-3244	159	26	2012	2012	NUM
bae-3244	159	27	∑	∑	PUNCT
bae-3244	160	1	+	+	CCONJ
bae-3244	160	2	εt	εt	PROPN
bae-3244	160	3	(	(	PUNCT
bae-3244	160	4	2	2	NUM
bae-3244	160	5	)	)	PUNCT
bae-3244	160	6	where	where	SCONJ
bae-3244	160	7	di	di	VERB
bae-3244	160	8	the	the	DET
bae-3244	160	9	dummy	dummy	ADJ
bae-3244	160	10	variable	variable	NOUN
bae-3244	160	11	that	that	PRON
bae-3244	160	12	takes	take	VERB
bae-3244	160	13	the	the	DET
bae-3244	160	14	value	value	NOUN
bae-3244	160	15	of	of	ADP
bae-3244	160	16	1	1	NUM
bae-3244	160	17	in	in	ADP
bae-3244	160	18	year	year	NOUN
bae-3244	160	19	i	i	PRON
bae-3244	160	20	and	and	CCONJ
bae-3244	160	21	0	0	NUM
bae-3244	160	22	otherwise	otherwise	ADV
bae-3244	160	23	,	,	PUNCT
bae-3244	160	24	the	the	DET
bae-3244	160	25	γ	γ	NOUN
bae-3244	160	26	i	i	PRON
bae-3244	160	27	are	be	AUX
bae-3244	160	28	the	the	DET
bae-3244	160	29	coefficients	coefficient	NOUN
bae-3244	160	30	associated	associate	VERB
bae-3244	160	31	to	to	ADP
bae-3244	160	32	the	the	DET
bae-3244	160	33	slope	slope	NOUN
bae-3244	160	34	dummy	dummy	NOUN
bae-3244	160	35	,	,	PUNCT
bae-3244	160	36	so	so	SCONJ
bae-3244	160	37	the	the	DET
bae-3244	160	38	hedging	hedge	VERB
bae-3244	160	39	ratio	ratio	NOUN
bae-3244	160	40	corresponding	correspond	VERB
bae-3244	160	41	to	to	ADP
bae-3244	160	42	year	year	NOUN
bae-3244	160	43	i	i	PRON
bae-3244	160	44	is	be	AUX
bae-3244	160	45	equal	equal	ADJ
bae-3244	160	46	β	β	X
bae-3244	160	47	γ	γ	X
bae-3244	160	48	(	(	PUNCT
bae-3244	160	49	)	)	PUNCT
bae-3244	161	1	+	+	CCONJ
bae-3244	161	2	i	i	PRON
bae-3244	161	3	furthermore	furthermore	ADV
bae-3244	161	4	,	,	PUNCT
bae-3244	161	5	in	in	ADP
bae-3244	161	6	equation	equation	NOUN
bae-3244	161	7	(	(	PUNCT
bae-3244	161	8	2	2	X
bae-3244	161	9	)	)	PUNCT
bae-3244	161	10	β	β	NOUN
bae-3244	161	11	represents	represent	VERB
bae-3244	161	12	the	the	DET
bae-3244	161	13	coefficient	coefficient	NOUN
bae-3244	161	14	for	for	ADP
bae-3244	161	15	the	the	DET
bae-3244	161	16	period	period	NOUN
bae-3244	161	17	before	before	ADP
bae-3244	161	18	2006	2006	NUM
bae-3244	161	19	.	.	PUNCT
bae-3244	162	1	note	note	VERB
bae-3244	162	2	that	that	SCONJ
bae-3244	162	3	a	a	DET
bae-3244	162	4	model	model	NOUN
bae-3244	162	5	such	such	ADJ
bae-3244	162	6	as	as	ADP
bae-3244	162	7	(	(	PUNCT
bae-3244	162	8	1	1	NUM
bae-3244	162	9	)	)	PUNCT
bae-3244	162	10	allows	allow	VERB
bae-3244	162	11	us	we	PRON
bae-3244	162	12	to	to	PART
bae-3244	162	13	consider	consider	VERB
bae-3244	162	14	hedging	hedge	VERB
bae-3244	162	15	for	for	ADP
bae-3244	162	16	different	different	ADJ
bae-3244	162	17	future	future	ADJ
bae-3244	162	18	markets	market	NOUN
bae-3244	162	19	users	user	NOUN
bae-3244	162	20	along	along	ADP
bae-3244	162	21	the	the	DET
bae-3244	162	22	wheat	wheat	NOUN
bae-3244	162	23	supply	supply	NOUN
bae-3244	162	24	chain	chain	NOUN
bae-3244	162	25	,	,	PUNCT
bae-3244	162	26	e.g.	e.g.	ADV
bae-3244	162	27	,	,	PUNCT
bae-3244	162	28	for	for	ADP
bae-3244	162	29	merchants	merchant	NOUN
bae-3244	162	30	and	and	CCONJ
bae-3244	162	31	processors	processor	NOUN
bae-3244	162	32	one	one	PRON
bae-3244	162	33	would	would	AUX
bae-3244	162	34	consider	consider	VERB
bae-3244	162	35	hedging	hedge	VERB
bae-3244	162	36	on	on	ADP
bae-3244	162	37	short	short	ADJ
bae-3244	162	38	intervals	interval	NOUN
bae-3244	162	39	such	such	ADJ
bae-3244	162	40	as	as	ADP
bae-3244	162	41	7	7	NUM
bae-3244	162	42	-	-	PUNCT
bae-3244	162	43	days	day	NOUN
bae-3244	162	44	or	or	CCONJ
bae-3244	162	45	30	30	NUM
bae-3244	162	46	-	-	PUNCT
bae-3244	162	47	days	day	NOUN
bae-3244	162	48	,	,	PUNCT
bae-3244	162	49	in	in	ADP
bae-3244	162	50	contrast	contrast	NOUN
bae-3244	162	51	to	to	ADP
bae-3244	162	52	farmers	farmer	NOUN
bae-3244	162	53	that	that	PRON
bae-3244	162	54	might	might	AUX
bae-3244	162	55	be	be	AUX
bae-3244	162	56	interested	interested	ADJ
bae-3244	162	57	on	on	ADP
bae-3244	162	58	hedging	hedge	VERB
bae-3244	162	59	over	over	ADP
bae-3244	162	60	considering	consider	VERB
bae-3244	162	61	longer	long	ADJ
bae-3244	162	62	intervals	interval	NOUN
bae-3244	162	63	such	such	ADJ
bae-3244	162	64	between	between	ADP
bae-3244	162	65	planting	planting	NOUN
bae-3244	162	66	and	and	CCONJ
bae-3244	162	67	harvesting.5	harvesting.5	PROPN
bae-3244	162	68	as	as	SCONJ
bae-3244	162	69	regards	regard	VERB
bae-3244	162	70	the	the	DET
bae-3244	162	71	hedging	hedging	NOUN
bae-3244	162	72	model	model	NOUN
bae-3244	162	73	for	for	ADP
bae-3244	162	74	wheat	wheat	NOUN
bae-3244	162	75	farmers	farmer	NOUN
bae-3244	162	76	,	,	PUNCT
bae-3244	162	77	this	this	PRON
bae-3244	162	78	needs	need	VERB
bae-3244	162	79	to	to	PART
bae-3244	162	80	take	take	VERB
bae-3244	162	81	into	into	ADP
bae-3244	162	82	account	account	NOUN
bae-3244	162	83	that	that	SCONJ
bae-3244	162	84	growing	grow	VERB
bae-3244	162	85	season	season	NOUN
bae-3244	162	86	for	for	ADP
bae-3244	162	87	wheat	wheat	NOUN
bae-3244	162	88	is	be	AUX
bae-3244	162	89	a	a	DET
bae-3244	162	90	lengthy	lengthy	ADJ
bae-3244	162	91	one	one	NOUN
bae-3244	162	92	(	(	PUNCT
bae-3244	162	93	generally	generally	ADV
bae-3244	162	94	10	10	NUM
bae-3244	162	95	to	to	PART
bae-3244	162	96	11	11	NUM
bae-3244	162	97	months	month	NOUN
bae-3244	162	98	)	)	PUNCT
bae-3244	162	99	,	,	PUNCT
bae-3244	162	100	and	and	CCONJ
bae-3244	162	101	moreover	moreover	ADV
bae-3244	162	102	,	,	PUNCT
bae-3244	162	103	the	the	DET
bae-3244	162	104	cultivation	cultivation	NOUN
bae-3244	162	105	calendar	calendar	NOUN
bae-3244	162	106	differs	differ	VERB
bae-3244	162	107	in	in	ADP
bae-3244	162	108	all	all	DET
bae-3244	162	109	the	the	DET
bae-3244	162	110	studied	studied	ADJ
bae-3244	162	111	countries	country	NOUN
bae-3244	162	112	.	.	PUNCT
bae-3244	163	1	in	in	ADP
bae-3244	163	2	the	the	DET
bae-3244	163	3	uk	uk	PROPN
bae-3244	163	4	,	,	PUNCT
bae-3244	163	5	the	the	DET
bae-3244	163	6	cultivation	cultivation	NOUN
bae-3244	163	7	of	of	ADP
bae-3244	163	8	winter	winter	NOUN
bae-3244	163	9	wheat	wheat	NOUN
bae-3244	163	10	begins	begin	VERB
bae-3244	163	11	approximately	approximately	ADV
bae-3244	163	12	between	between	ADP
bae-3244	163	13	mid	mid	ADJ
bae-3244	163	14	september	september	PROPN
bae-3244	163	15	to	to	ADP
bae-3244	163	16	3rd	3rd	ADJ
bae-3244	163	17	week	week	NOUN
bae-3244	163	18	october	october	PROPN
bae-3244	163	19	;	;	PUNCT
bae-3244	163	20	in	in	ADP
bae-3244	163	21	a	a	DET
bae-3244	163	22	normal	normal	ADJ
bae-3244	163	23	season	season	NOUN
bae-3244	163	24	harvesting	harvesting	NOUN
bae-3244	163	25	starts	start	VERB
bae-3244	163	26	mid	mid	PROPN
bae-3244	163	27	-	-	PROPN
bae-3244	163	28	august	august	ADJ
bae-3244	163	29	ending	ending	NOUN
bae-3244	163	30	at	at	ADP
bae-3244	163	31	the	the	DET
bae-3244	163	32	beginning	beginning	NOUN
bae-3244	163	33	of	of	ADP
bae-3244	163	34	september	september	PROPN
bae-3244	163	35	.	.	PUNCT
bae-3244	164	1	in	in	ADP
bae-3244	164	2	france	france	PROPN
bae-3244	164	3	,	,	PUNCT
bae-3244	164	4	and	and	CCONJ
bae-3244	164	5	mostly	mostly	ADV
bae-3244	164	6	in	in	ADP
bae-3244	164	7	italy	italy	PROPN
bae-3244	164	8	,	,	PUNCT
bae-3244	164	9	cultivation	cultivation	NOUN
bae-3244	164	10	starts	start	VERB
bae-3244	164	11	later	later	ADV
bae-3244	164	12	than	than	ADP
bae-3244	164	13	uk	uk	PROPN
bae-3244	164	14	.	.	PUNCT
bae-3244	165	1	it	it	PRON
bae-3244	165	2	begins	begin	VERB
bae-3244	165	3	between	between	ADP
bae-3244	165	4	october	october	PROPN
bae-3244	165	5	and	and	CCONJ
bae-3244	165	6	mid	mid	ADJ
bae-3244	165	7	november	november	PROPN
bae-3244	165	8	and	and	CCONJ
bae-3244	165	9	finishes	finish	VERB
bae-3244	165	10	at	at	ADP
bae-3244	165	11	the	the	DET
bae-3244	165	12	end	end	NOUN
bae-3244	165	13	of	of	ADP
bae-3244	165	14	june	june	PROPN
bae-3244	165	15	(	(	PUNCT
bae-3244	165	16	italy	italy	PROPN
bae-3244	165	17	)	)	PUNCT
bae-3244	165	18	or	or	CCONJ
bae-3244	165	19	july	july	PROPN
bae-3244	165	20	to	to	ADP
bae-3244	165	21	early	early	ADJ
bae-3244	165	22	august	august	PROPN
bae-3244	165	23	(	(	PUNCT
bae-3244	165	24	france	france	PROPN
bae-3244	165	25	)	)	PUNCT
bae-3244	165	26	.	.	PUNCT
bae-3244	166	1	for	for	ADP
bae-3244	166	2	the	the	DET
bae-3244	166	3	us	we	PRON
bae-3244	166	4	the	the	DET
bae-3244	166	5	cropping	cropping	NOUN
bae-3244	166	6	calendar	calendar	NOUN
bae-3244	166	7	is	be	AUX
bae-3244	166	8	approximately	approximately	ADV
bae-3244	166	9	the	the	DET
bae-3244	166	10	same	same	ADJ
bae-3244	166	11	as	as	ADP
bae-3244	166	12	in	in	ADP
bae-3244	166	13	northern	northern	ADJ
bae-3244	166	14	europe	europe	PROPN
bae-3244	166	15	,	,	PUNCT
bae-3244	166	16	i.e.	i.e.	X
bae-3244	166	17	,	,	PUNCT
bae-3244	166	18	planting	plant	VERB
bae-3244	166	19	in	in	ADP
bae-3244	166	20	september	september	PROPN
bae-3244	166	21	and	and	CCONJ
bae-3244	166	22	harvesting	harvesting	NOUN
bae-3244	166	23	in	in	ADP
bae-3244	166	24	july	july	PROPN
bae-3244	166	25	.	.	PUNCT
bae-3244	167	1	therefore	therefore	ADV
bae-3244	167	2	,	,	PUNCT
bae-3244	167	3	for	for	ADP
bae-3244	167	4	italy	italy	PROPN
bae-3244	167	5	and	and	CCONJ
bae-3244	167	6	the	the	DET
bae-3244	167	7	us	us	PROPN
bae-3244	167	8	,	,	PUNCT
bae-3244	167	9	the	the	DET
bae-3244	167	10	post	post	ADJ
bae-3244	167	11	-	-	ADJ
bae-3244	167	12	harvest	harvest	ADJ
bae-3244	167	13	price	price	NOUN
bae-3244	167	14	should	should	AUX
bae-3244	167	15	be	be	AUX
bae-3244	167	16	taken	take	VERB
bae-3244	167	17	during	during	ADP
bae-3244	167	18	july	july	PROPN
bae-3244	167	19	while	while	SCONJ
bae-3244	167	20	for	for	ADP
bae-3244	167	21	uk	uk	PROPN
bae-3244	167	22	and	and	CCONJ
bae-3244	167	23	france	france	PROPN
bae-3244	167	24	during	during	ADP
bae-3244	167	25	august	august	PROPN
bae-3244	167	26	would	would	AUX
bae-3244	167	27	be	be	AUX
bae-3244	167	28	better	well	ADJ
bae-3244	167	29	.	.	PUNCT
bae-3244	168	1	table	table	NOUN
bae-3244	168	2	2	2	NUM
bae-3244	168	3	presents	present	VERB
bae-3244	168	4	the	the	DET
bae-3244	168	5	information	information	NOUN
bae-3244	168	6	used	use	VERB
bae-3244	168	7	for	for	ADP
bae-3244	168	8	computing	compute	VERB
bae-3244	168	9	farmers	farmer	NOUN
bae-3244	168	10	’	’	PART
bae-3244	168	11	optimal	optimal	ADJ
bae-3244	168	12	hedging	hedging	NOUN
bae-3244	168	13	.	.	PUNCT
bae-3244	169	1	it	it	PRON
bae-3244	169	2	was	be	AUX
bae-3244	169	3	considered	consider	VERB
bae-3244	169	4	that	that	SCONJ
bae-3244	169	5	the	the	DET
bae-3244	169	6	farmer	farmer	NOUN
bae-3244	169	7	opened	open	VERB
bae-3244	169	8	the	the	DET
bae-3244	169	9	hedge	hedge	NOUN
bae-3244	169	10	at	at	ADP
bae-3244	169	11	the	the	DET
bae-3244	169	12	month	month	NOUN
bae-3244	169	13	of	of	ADP
bae-3244	169	14	the	the	DET
bae-3244	169	15	planting	planting	NOUN
bae-3244	169	16	time	time	NOUN
bae-3244	169	17	and	and	CCONJ
bae-3244	169	18	the	the	DET
bae-3244	169	19	hedging	hedging	NOUN
bae-3244	169	20	was	be	AUX
bae-3244	169	21	lifted	lift	VERB
bae-3244	169	22	after	after	ADP
bae-3244	169	23	nine	nine	NUM
bae-3244	169	24	,	,	PUNCT
bae-3244	169	25	ten	ten	NUM
bae-3244	169	26	or	or	CCONJ
bae-3244	169	27	eleven	eleven	NUM
bae-3244	169	28	months	month	NOUN
bae-3244	169	29	depending	depend	VERB
bae-3244	169	30	on	on	ADP
bae-3244	169	31	the	the	DET
bae-3244	169	32	country	country	NOUN
bae-3244	169	33	(	(	PUNCT
bae-3244	169	34	see	see	VERB
bae-3244	169	35	table	table	NOUN
bae-3244	169	36	2	2	NUM
bae-3244	169	37	)	)	PUNCT
bae-3244	169	38	.	.	PUNCT
bae-3244	170	1	table	table	NOUN
bae-3244	170	2	2	2	NUM
bae-3244	170	3	.	.	PUNCT
bae-3244	171	1	parameters	parameter	NOUN
bae-3244	171	2	adopted	adopt	VERB
bae-3244	171	3	for	for	ADP
bae-3244	171	4	farmers	farmer	NOUN
bae-3244	171	5	’	’	PART
bae-3244	171	6	hedging	hedging	NOUN
bae-3244	171	7	by	by	ADP
bae-3244	171	8	countries	country	NOUN
bae-3244	171	9	country	country	NOUN
bae-3244	171	10	exchange	exchange	NOUN
bae-3244	171	11	contract	contract	NOUN
bae-3244	171	12	delivery	delivery	NOUN
bae-3244	171	13	month	month	NOUN
bae-3244	171	14	planting	planting	NOUN
bae-3244	171	15	time	time	NOUN
bae-3244	171	16	(	(	PUNCT
bae-3244	171	17	month	month	NOUN
bae-3244	171	18	of	of	ADP
bae-3244	171	19	year	year	NOUN
bae-3244	171	20	t	t	PROPN
bae-3244	171	21	)	)	PUNCT
bae-3244	171	22	post	post	ADJ
bae-3244	171	23	-	-	ADJ
bae-3244	171	24	harvest	harvest	ADJ
bae-3244	171	25	time	time	NOUN
bae-3244	171	26	(	(	PUNCT
bae-3244	171	27	month	month	NOUN
bae-3244	171	28	of	of	ADP
bae-3244	171	29	year	year	NOUN
bae-3244	171	30	t+1	t+1	NUM
bae-3244	171	31	)	)	PUNCT
bae-3244	171	32	us	us	PROPN
bae-3244	171	33	cbot	cbot	PROPN
bae-3244	171	34	september	september	PROPN
bae-3244	171	35	september	september	PROPN
bae-3244	171	36	july	july	PROPN
bae-3244	171	37	italy	italy	PROPN
bae-3244	172	1	matif	matif	PROPN
bae-3244	172	2	september	september	PROPN
bae-3244	172	3	/	/	SYM
bae-3244	172	4	august	august	PROPN
bae-3244	172	5	(	(	PUNCT
bae-3244	172	6	*	*	NOUN
bae-3244	172	7	)	)	PUNCT
bae-3244	172	8	october	october	PROPN
bae-3244	172	9	july	july	PROPN
bae-3244	172	10	france	france	PROPN
bae-3244	172	11	matif	matif	PROPN
bae-3244	172	12	september	september	PROPN
bae-3244	172	13	/	/	SYM
bae-3244	172	14	november	november	PROPN
bae-3244	172	15	(	(	PUNCT
bae-3244	172	16	*	*	NOUN
bae-3244	172	17	)	)	PUNCT
bae-3244	172	18	october	october	PROPN
bae-3244	172	19	august	august	PROPN
bae-3244	172	20	uk	uk	PROPN
bae-3244	172	21	liffe	liffe	PROPN
bae-3244	172	22	november	november	PROPN
bae-3244	172	23	october	october	PROPN
bae-3244	172	24	august	august	PROPN
bae-3244	172	25	notes	note	VERB
bae-3244	172	26	:	:	PUNCT
bae-3244	172	27	(	(	PUNCT
bae-3244	172	28	*	*	PUNCT
bae-3244	172	29	)	)	PUNCT
bae-3244	172	30	the	the	DET
bae-3244	172	31	september	september	PROPN
bae-3244	172	32	contract	contract	NOUN
bae-3244	172	33	is	be	AUX
bae-3244	172	34	available	available	ADJ
bae-3244	172	35	on	on	ADP
bae-3244	172	36	matif	matif	NOUN
bae-3244	172	37	only	only	ADV
bae-3244	172	38	until	until	ADP
bae-3244	172	39	2007	2007	NUM
bae-3244	172	40	.	.	PUNCT
bae-3244	173	1	for	for	ADP
bae-3244	173	2	merchants	merchant	NOUN
bae-3244	173	3	and	and	CCONJ
bae-3244	173	4	processors	processor	NOUN
bae-3244	173	5	it	it	PRON
bae-3244	173	6	was	be	AUX
bae-3244	173	7	assumed	assume	VERB
bae-3244	173	8	that	that	SCONJ
bae-3244	173	9	the	the	DET
bae-3244	173	10	hedging	hedging	NOUN
bae-3244	173	11	was	be	AUX
bae-3244	173	12	not	not	PART
bae-3244	173	13	“	"	PUNCT
bae-3244	173	14	seasonally	seasonally	ADV
bae-3244	173	15	specified	specify	VERB
bae-3244	173	16	”	"	PUNCT
bae-3244	173	17	.	.	PUNCT
bae-3244	174	1	this	this	PRON
bae-3244	174	2	was	be	AUX
bae-3244	174	3	due	due	ADJ
bae-3244	174	4	to	to	ADP
bae-3244	174	5	the	the	DET
bae-3244	174	6	fact	fact	NOUN
bae-3244	174	7	that	that	SCONJ
bae-3244	174	8	merchants	merchant	NOUN
bae-3244	174	9	and	and	CCONJ
bae-3244	174	10	processors	processor	NOUN
bae-3244	174	11	usually	usually	ADV
bae-3244	174	12	hedge	hedge	VERB
bae-3244	174	13	their	their	PRON
bae-3244	174	14	5	5	NUM
bae-3244	174	15	in	in	ADP
bae-3244	174	16	this	this	DET
bae-3244	174	17	paper	paper	NOUN
bae-3244	174	18	only	only	ADV
bae-3244	174	19	price	price	NOUN
bae-3244	174	20	risk	risk	NOUN
bae-3244	174	21	is	be	AUX
bae-3244	174	22	considered	consider	VERB
bae-3244	174	23	and	and	CCONJ
bae-3244	174	24	ignores	ignore	VERB
bae-3244	174	25	production	production	NOUN
bae-3244	174	26	risk	risk	NOUN
bae-3244	174	27	in	in	ADP
bae-3244	174	28	the	the	DET
bae-3244	174	29	computation	computation	NOUN
bae-3244	174	30	of	of	ADP
bae-3244	174	31	the	the	DET
bae-3244	174	32	optimal	optimal	ADJ
bae-3244	174	33	hedging	hedging	NOUN
bae-3244	174	34	ratios	ratio	NOUN
bae-3244	174	35	for	for	ADP
bae-3244	174	36	farmers	farmer	NOUN
bae-3244	174	37	.	.	PUNCT
bae-3244	175	1	245european	245european	ADJ
bae-3244	175	2	commodity	commodity	NOUN
bae-3244	175	3	futures	future	NOUN
bae-3244	175	4	markets	market	NOUN
bae-3244	175	5	physical	physical	ADJ
bae-3244	175	6	(	(	PUNCT
bae-3244	175	7	spot	spot	NOUN
bae-3244	175	8	)	)	PUNCT
bae-3244	175	9	positions	position	NOUN
bae-3244	175	10	all	all	ADV
bae-3244	175	11	over	over	ADP
bae-3244	175	12	the	the	DET
bae-3244	175	13	year	year	NOUN
bae-3244	175	14	holding	hold	VERB
bae-3244	175	15	position	position	NOUN
bae-3244	175	16	in	in	ADP
bae-3244	175	17	the	the	DET
bae-3244	175	18	futures	future	NOUN
bae-3244	175	19	market	market	NOUN
bae-3244	175	20	for	for	ADP
bae-3244	175	21	less	less	ADJ
bae-3244	175	22	than	than	ADP
bae-3244	175	23	10	10	NUM
bae-3244	175	24	-	-	SYM
bae-3244	175	25	11	11	NUM
bae-3244	175	26	month	month	NOUN
bae-3244	175	27	.	.	PUNCT
bae-3244	176	1	therefore	therefore	ADV
bae-3244	176	2	,	,	PUNCT
bae-3244	176	3	the	the	DET
bae-3244	176	4	lengths	length	NOUN
bae-3244	176	5	of	of	ADP
bae-3244	176	6	the	the	DET
bae-3244	176	7	hedging	hedging	NOUN
bae-3244	176	8	were	be	AUX
bae-3244	176	9	assumed	assume	VERB
bae-3244	176	10	to	to	ADP
bae-3244	176	11	30	30	NUM
bae-3244	176	12	,	,	PUNCT
bae-3244	176	13	60	60	NUM
bae-3244	176	14	and	and	CCONJ
bae-3244	176	15	90	90	NUM
bae-3244	176	16	trading	trading	NOUN
bae-3244	176	17	days	day	NOUN
bae-3244	176	18	.	.	PUNCT
bae-3244	177	1	these	these	DET
bae-3244	177	2	intervals	interval	NOUN
bae-3244	177	3	imply	imply	VERB
bae-3244	177	4	,	,	PUNCT
bae-3244	177	5	approximately	approximately	ADV
bae-3244	177	6	,	,	PUNCT
bae-3244	177	7	one	one	NUM
bae-3244	177	8	month	month	NOUN
bae-3244	177	9	and	and	CCONJ
bae-3244	177	10	a	a	DET
bae-3244	177	11	half	half	NOUN
bae-3244	177	12	,	,	PUNCT
bae-3244	177	13	three	three	NUM
bae-3244	177	14	months	month	NOUN
bae-3244	177	15	and	and	CCONJ
bae-3244	177	16	four	four	NUM
bae-3244	177	17	months	month	NOUN
bae-3244	177	18	period	period	NOUN
bae-3244	177	19	respectively	respectively	ADV
bae-3244	177	20	.	.	PUNCT
bae-3244	178	1	finally	finally	ADV
bae-3244	178	2	,	,	PUNCT
bae-3244	178	3	such	such	ADJ
bae-3244	178	4	as	as	ADP
bae-3244	178	5	in	in	ADP
bae-3244	178	6	carter	carter	PROPN
bae-3244	178	7	(	(	PUNCT
bae-3244	178	8	1984	1984	NUM
bae-3244	178	9	)	)	PUNCT
bae-3244	178	10	a	a	DET
bae-3244	178	11	very	very	ADV
bae-3244	178	12	interval	interval	NOUN
bae-3244	178	13	hedging	hedging	NOUN
bae-3244	178	14	was	be	AUX
bae-3244	178	15	included	include	VERB
bae-3244	178	16	(	(	PUNCT
bae-3244	178	17	7	7	NUM
bae-3244	178	18	trading	trading	NOUN
bae-3244	178	19	days	day	NOUN
bae-3244	178	20	,	,	PUNCT
bae-3244	178	21	i.e.	i.e.	X
bae-3244	178	22	,	,	PUNCT
bae-3244	178	23	approximately	approximately	ADV
bae-3244	178	24	10	10	NUM
bae-3244	178	25	calendar	calendar	NOUN
bae-3244	178	26	days	day	NOUN
bae-3244	178	27	)	)	PUNCT
bae-3244	178	28	.	.	PUNCT
bae-3244	179	1	4	4	X
bae-3244	179	2	.	.	NOUN
bae-3244	179	3	results	result	NOUN
bae-3244	179	4	and	and	CCONJ
bae-3244	179	5	discussion	discussion	NOUN
bae-3244	179	6	4.1	4.1	NUM
bae-3244	179	7	results	result	NOUN
bae-3244	179	8	from	from	ADP
bae-3244	179	9	the	the	DET
bae-3244	179	10	efficiency	efficiency	NOUN
bae-3244	179	11	analysis	analysis	NOUN
bae-3244	179	12	4.1.1	4.1.1	NUM
bae-3244	179	13	price	price	NOUN
bae-3244	179	14	efficiency	efficiency	NOUN
bae-3244	179	15	analysis	analysis	NOUN
bae-3244	179	16	figures	figure	NOUN
bae-3244	179	17	4	4	NUM
bae-3244	179	18	to	to	PART
bae-3244	179	19	6	6	NUM
bae-3244	179	20	show	show	VERB
bae-3244	179	21	that	that	SCONJ
bae-3244	179	22	the	the	DET
bae-3244	179	23	autocorrelation	autocorrelation	NOUN
bae-3244	179	24	coefficients	coefficient	VERB
bae-3244	179	25	for	for	ADP
bae-3244	179	26	the	the	DET
bae-3244	179	27	returns	return	NOUN
bae-3244	179	28	for	for	ADP
bae-3244	179	29	time	time	NOUN
bae-3244	179	30	lags	lag	VERB
bae-3244	179	31	from	from	ADP
bae-3244	179	32	1	1	NUM
bae-3244	179	33	to	to	ADP
bae-3244	179	34	12	12	NUM
bae-3244	179	35	(	(	PUNCT
bae-3244	179	36	each	each	DET
bae-3244	179	37	lag	lag	NOUN
bae-3244	179	38	represented	represent	VERB
bae-3244	179	39	with	with	ADP
bae-3244	179	40	a	a	DET
bae-3244	179	41	different	different	ADJ
bae-3244	179	42	colour	colour	NOUN
bae-3244	179	43	)	)	PUNCT
bae-3244	179	44	working	work	VERB
bae-3244	179	45	days	day	NOUN
bae-3244	179	46	for	for	ADP
bae-3244	179	47	each	each	DET
bae-3244	179	48	contract	contract	NOUN
bae-3244	179	49	.	.	PUNCT
bae-3244	180	1	the	the	DET
bae-3244	180	2	values	value	NOUN
bae-3244	180	3	of	of	ADP
bae-3244	180	4	the	the	DET
bae-3244	180	5	coefficients	coefficient	NOUN
bae-3244	180	6	are	be	AUX
bae-3244	180	7	relatively	relatively	ADV
bae-3244	180	8	low	low	ADJ
bae-3244	180	9	(	(	PUNCT
bae-3244	180	10	concentrated	concentrate	VERB
bae-3244	180	11	between	between	ADP
bae-3244	180	12	-0.2	-0.2	PROPN
bae-3244	180	13	and	and	CCONJ
bae-3244	180	14	0.2	0.2	NUM
bae-3244	180	15	)	)	PUNCT
bae-3244	180	16	for	for	ADP
bae-3244	180	17	all	all	DET
bae-3244	180	18	the	the	DET
bae-3244	180	19	contracts	contract	NOUN
bae-3244	180	20	and	and	CCONJ
bae-3244	180	21	markets	market	NOUN
bae-3244	180	22	,	,	PUNCT
bae-3244	180	23	suggesting	suggest	VERB
bae-3244	180	24	that	that	SCONJ
bae-3244	180	25	the	the	DET
bae-3244	180	26	current	current	ADJ
bae-3244	180	27	returns	return	NOUN
bae-3244	180	28	are	be	AUX
bae-3244	180	29	relatively	relatively	ADV
bae-3244	180	30	independent	independent	ADJ
bae-3244	180	31	from	from	ADP
bae-3244	180	32	the	the	DET
bae-3244	180	33	past	past	ADJ
bae-3244	180	34	information	information	NOUN
bae-3244	180	35	and	and	CCONJ
bae-3244	180	36	therefore	therefore	ADV
bae-3244	180	37	price	price	VERB
bae-3244	180	38	efficient	efficient	ADJ
bae-3244	180	39	in	in	ADP
bae-3244	180	40	fama	fama	PROPN
bae-3244	180	41	’s	’s	PART
bae-3244	180	42	sense	sense	NOUN
bae-3244	180	43	.	.	PUNCT
bae-3244	181	1	furthermore	furthermore	ADV
bae-3244	181	2	,	,	PUNCT
bae-3244	181	3	in	in	ADP
bae-3244	181	4	comparative	comparative	ADJ
bae-3244	181	5	terms	term	NOUN
bae-3244	181	6	,	,	PUNCT
bae-3244	181	7	the	the	DET
bae-3244	181	8	matif	matif	ADJ
bae-3244	181	9	market	market	NOUN
bae-3244	181	10	(	(	PUNCT
bae-3244	181	11	see	see	VERB
bae-3244	181	12	figure	figure	NOUN
bae-3244	181	13	6	6	NUM
bae-3244	181	14	)	)	PUNCT
bae-3244	181	15	seems	seem	VERB
bae-3244	181	16	to	to	PART
bae-3244	181	17	perform	perform	VERB
bae-3244	181	18	better	well	ADV
bae-3244	181	19	in	in	ADP
bae-3244	181	20	terms	term	NOUN
bae-3244	181	21	of	of	ADP
bae-3244	181	22	price	price	NOUN
bae-3244	181	23	efficiency	efficiency	NOUN
bae-3244	181	24	than	than	ADP
bae-3244	181	25	the	the	DET
bae-3244	181	26	other	other	ADJ
bae-3244	181	27	two	two	NUM
bae-3244	181	28	markets	market	NOUN
bae-3244	181	29	as	as	SCONJ
bae-3244	181	30	its	its	PRON
bae-3244	181	31	autocorrelations	autocorrelation	NOUN
bae-3244	181	32	are	be	AUX
bae-3244	181	33	closer	close	ADJ
bae-3244	181	34	to	to	ADP
bae-3244	181	35	zero	zero	NUM
bae-3244	181	36	.	.	PUNCT
bae-3244	182	1	figure	figure	NOUN
bae-3244	182	2	4	4	NUM
bae-3244	182	3	.	.	PUNCT
bae-3244	183	1	cbot	cbot	PROPN
bae-3244	183	2	autocorrelation	autocorrelation	PROPN
bae-3244	183	3	coefficients	coefficient	VERB
bae-3244	183	4	for	for	ADP
bae-3244	183	5	wheat	wheat	NOUN
bae-3244	183	6	futures	future	NOUN
bae-3244	183	7	returns	return	NOUN
bae-3244	183	8	,	,	PUNCT
bae-3244	183	9	1988	1988	NUM
bae-3244	183	10	-	-	SYM
bae-3244	183	11	2012	2012	NUM
bae-3244	183	12	.	.	PUNCT
bae-3244	184	1	-­‐1.00	-­‐1.00	PUNCT
bae-3244	185	1	-­‐0.80	-­‐0.80	PUNCT
bae-3244	186	1	-­‐0.60	-­‐0.60	PROPN
bae-3244	186	2	-­‐0.40	-­‐0.40	PUNCT
bae-3244	187	1	-­‐0.20	-­‐0.20	PROPN
bae-3244	188	1	0.00	0.00	NUM
bae-3244	188	2	0.20	0.20	NUM
bae-3244	188	3	0.40	0.40	NUM
bae-3244	188	4	0.60	0.60	NUM
bae-3244	188	5	0.80	0.80	NUM
bae-3244	188	6	1.00	1.00	NUM
bae-3244	188	7	m	m	NOUN
bae-3244	188	8	ar	ar	NOUN
bae-3244	188	9	ch	ch	NOUN
bae-3244	188	10	-­‐1	-­‐1	PROPN
bae-3244	189	1	98	98	NUM
bae-3244	189	2	8	8	NUM
bae-3244	189	3	ju	ju	NOUN
bae-3244	189	4	ly	ly	X
bae-3244	189	5	-­‐1	-­‐1	PROPN
bae-3244	189	6	98	98	NUM
bae-3244	189	7	8	8	NUM
bae-3244	189	8	de	de	X
bae-3244	189	9	ce	ce	PROPN
bae-3244	189	10	m	m	PROPN
bae-3244	189	11	be	be	PROPN
bae-3244	189	12	r-­‐	r-­‐	NOUN
bae-3244	189	13	19	19	NUM
bae-3244	189	14	88	88	NUM
bae-3244	189	15	m	m	NOUN
bae-3244	189	16	ay	ay	NOUN
bae-3244	189	17	-­‐1	-­‐1	PROPN
bae-3244	189	18	98	98	NUM
bae-3244	189	19	9	9	NUM
bae-3244	189	20	se	se	X
bae-3244	189	21	pt	pt	PROPN
bae-3244	190	1	em	em	PRON
bae-3244	190	2	be	be	AUX
bae-3244	190	3	r-­‐	r-­‐	NOUN
bae-3244	190	4	19	19	NUM
bae-3244	190	5	89	89	NUM
bae-3244	190	6	m	m	PROPN
bae-3244	190	7	ar	ar	NOUN
bae-3244	190	8	ch	ch	NOUN
bae-3244	190	9	-­‐1	-­‐1	PROPN
bae-3244	191	1	99	99	NUM
bae-3244	191	2	0	0	NUM
bae-3244	191	3	ju	ju	NOUN
bae-3244	191	4	ly	ly	X
bae-3244	191	5	-­‐1	-­‐1	PROPN
bae-3244	191	6	99	99	NUM
bae-3244	191	7	0	0	NUM
bae-3244	191	8	de	de	PROPN
bae-3244	191	9	ce	ce	PROPN
bae-3244	191	10	m	m	PROPN
bae-3244	191	11	be	be	PROPN
bae-3244	191	12	r-­‐	r-­‐	NOUN
bae-3244	191	13	19	19	NUM
bae-3244	191	14	90	90	NUM
bae-3244	191	15	m	m	NOUN
bae-3244	191	16	ay	ay	NOUN
bae-3244	191	17	-­‐1	-­‐1	PROPN
bae-3244	191	18	99	99	NUM
bae-3244	191	19	1	1	NUM
bae-3244	191	20	se	se	NOUN
bae-3244	191	21	pt	pt	X
bae-3244	192	1	em	em	PRON
bae-3244	192	2	be	be	AUX
bae-3244	192	3	r-­‐	r-­‐	NOUN
bae-3244	192	4	19	19	NUM
bae-3244	192	5	91	91	NUM
bae-3244	192	6	m	m	NOUN
bae-3244	192	7	ar	ar	NOUN
bae-3244	192	8	ch	ch	NOUN
bae-3244	192	9	-­‐1	-­‐1	PROPN
bae-3244	192	10	99	99	NUM
bae-3244	192	11	2	2	NUM
bae-3244	192	12	ju	ju	NOUN
bae-3244	192	13	ly	ly	X
bae-3244	192	14	-­‐1	-­‐1	PROPN
bae-3244	192	15	99	99	NUM
bae-3244	192	16	2	2	NUM
bae-3244	192	17	de	de	X
bae-3244	192	18	ce	ce	PROPN
bae-3244	192	19	m	m	VERB
bae-3244	192	20	be	be	PROPN
bae-3244	192	21	r-­‐	r-­‐	NOUN
bae-3244	192	22	19	19	NUM
bae-3244	192	23	92	92	NUM
bae-3244	192	24	m	m	NOUN
bae-3244	192	25	ay	ay	NOUN
bae-3244	192	26	-­‐1	-­‐1	PROPN
bae-3244	192	27	99	99	NUM
bae-3244	192	28	3	3	NUM
bae-3244	192	29	se	se	X
bae-3244	192	30	pt	pt	PROPN
bae-3244	193	1	em	em	PRON
bae-3244	193	2	be	be	AUX
bae-3244	193	3	r-­‐	r-­‐	NOUN
bae-3244	193	4	19	19	NUM
bae-3244	193	5	93	93	NUM
bae-3244	193	6	m	m	NOUN
bae-3244	193	7	ar	ar	NOUN
bae-3244	193	8	ch	ch	NOUN
bae-3244	193	9	-­‐1	-­‐1	PROPN
bae-3244	194	1	99	99	NUM
bae-3244	194	2	4	4	NUM
bae-3244	194	3	ju	ju	NOUN
bae-3244	194	4	ly	ly	X
bae-3244	194	5	-­‐1	-­‐1	PROPN
bae-3244	194	6	99	99	NUM
bae-3244	194	7	4	4	NUM
bae-3244	194	8	de	de	X
bae-3244	194	9	ce	ce	PROPN
bae-3244	194	10	m	m	VERB
bae-3244	194	11	be	be	PROPN
bae-3244	194	12	r-­‐	r-­‐	NOUN
bae-3244	194	13	19	19	NUM
bae-3244	194	14	94	94	NUM
bae-3244	194	15	m	m	NOUN
bae-3244	194	16	ay	ay	NOUN
bae-3244	194	17	-­‐1	-­‐1	PROPN
bae-3244	194	18	99	99	NUM
bae-3244	194	19	5	5	NUM
bae-3244	194	20	se	se	NOUN
bae-3244	194	21	pt	pt	X
bae-3244	195	1	em	em	PRON
bae-3244	195	2	be	be	AUX
bae-3244	195	3	r-­‐	r-­‐	NOUN
bae-3244	195	4	19	19	NUM
bae-3244	195	5	95	95	NUM
bae-3244	195	6	m	m	NOUN
bae-3244	195	7	ar	ar	NOUN
bae-3244	195	8	ch	ch	NOUN
bae-3244	195	9	-­‐1	-­‐1	PROPN
bae-3244	196	1	99	99	NUM
bae-3244	196	2	6	6	NUM
bae-3244	196	3	ju	ju	NOUN
bae-3244	196	4	ly	ly	X
bae-3244	196	5	-­‐1	-­‐1	PROPN
bae-3244	196	6	99	99	NUM
bae-3244	196	7	6	6	NUM
bae-3244	196	8	de	de	X
bae-3244	196	9	ce	ce	PROPN
bae-3244	196	10	m	m	PROPN
bae-3244	196	11	be	be	PROPN
bae-3244	196	12	r-­‐	r-­‐	NOUN
bae-3244	196	13	19	19	NUM
bae-3244	196	14	96	96	NUM
bae-3244	196	15	m	m	NOUN
bae-3244	196	16	ay	ay	NOUN
bae-3244	196	17	-­‐1	-­‐1	PROPN
bae-3244	196	18	99	99	NUM
bae-3244	196	19	7	7	NUM
bae-3244	196	20	se	se	X
bae-3244	196	21	pt	pt	PROPN
bae-3244	197	1	em	em	PRON
bae-3244	197	2	be	be	AUX
bae-3244	197	3	r-­‐	r-­‐	NOUN
bae-3244	197	4	19	19	NUM
bae-3244	197	5	97	97	NUM
bae-3244	197	6	m	m	NOUN
bae-3244	197	7	ar	ar	NOUN
bae-3244	197	8	ch	ch	NOUN
bae-3244	197	9	-­‐1	-­‐1	PROPN
bae-3244	198	1	99	99	NUM
bae-3244	198	2	8	8	NUM
bae-3244	198	3	ju	ju	NOUN
bae-3244	198	4	ly	ly	X
bae-3244	198	5	-­‐1	-­‐1	PROPN
bae-3244	198	6	99	99	NUM
bae-3244	198	7	8	8	NUM
bae-3244	198	8	de	de	X
bae-3244	198	9	ce	ce	PROPN
bae-3244	198	10	m	m	PROPN
bae-3244	198	11	be	be	AUX
bae-3244	198	12	r-­‐	r-­‐	NOUN
bae-3244	198	13	19	19	NUM
bae-3244	198	14	98	98	NUM
bae-3244	198	15	m	m	NOUN
bae-3244	198	16	ay	ay	NOUN
bae-3244	198	17	-­‐1	-­‐1	PROPN
bae-3244	198	18	99	99	NUM
bae-3244	198	19	9	9	NUM
bae-3244	198	20	se	se	X
bae-3244	198	21	pt	pt	PROPN
bae-3244	199	1	em	em	PRON
bae-3244	199	2	be	be	AUX
bae-3244	199	3	r-­‐	r-­‐	NOUN
bae-3244	199	4	19	19	NUM
bae-3244	199	5	99	99	NUM
bae-3244	199	6	m	m	PROPN
bae-3244	199	7	ar	ar	NOUN
bae-3244	199	8	ch	ch	NOUN
bae-3244	199	9	-­‐2	-­‐2	PROPN
bae-3244	199	10	00	00	PUNCT
bae-3244	199	11	0	0	NUM
bae-3244	200	1	ju	ju	NOUN
bae-3244	200	2	ly	ly	X
bae-3244	200	3	-­‐2	-­‐2	PUNCT
bae-3244	200	4	00	00	PUNCT
bae-3244	200	5	0	0	NUM
bae-3244	201	1	de	de	AUX
bae-3244	201	2	ce	ce	PROPN
bae-3244	201	3	m	m	VERB
bae-3244	201	4	be	be	AUX
bae-3244	201	5	r-­‐	r-­‐	NOUN
bae-3244	201	6	20	20	NUM
bae-3244	201	7	00	00	NUM
bae-3244	201	8	m	m	VERB
bae-3244	202	1	ay	ay	NOUN
bae-3244	202	2	-­‐2	-­‐2	NOUN
bae-3244	202	3	00	00	NUM
bae-3244	202	4	1	1	NUM
bae-3244	202	5	se	se	NOUN
bae-3244	202	6	pt	pt	X
bae-3244	202	7	em	em	PRON
bae-3244	202	8	be	be	AUX
bae-3244	202	9	r-­‐	r-­‐	NOUN
bae-3244	202	10	20	20	NUM
bae-3244	202	11	01	01	NUM
bae-3244	202	12	m	m	NOUN
bae-3244	202	13	ar	ar	NOUN
bae-3244	202	14	ch	ch	NOUN
bae-3244	202	15	-­‐2	-­‐2	PROPN
bae-3244	202	16	00	00	NUM
bae-3244	202	17	2	2	NUM
bae-3244	202	18	ju	ju	NOUN
bae-3244	202	19	ly	ly	X
bae-3244	202	20	-­‐2	-­‐2	NOUN
bae-3244	202	21	00	00	NUM
bae-3244	202	22	2	2	NUM
bae-3244	202	23	de	de	X
bae-3244	202	24	ce	ce	PROPN
bae-3244	202	25	m	m	VERB
bae-3244	202	26	be	be	AUX
bae-3244	202	27	r-­‐	r-­‐	NOUN
bae-3244	202	28	20	20	NUM
bae-3244	202	29	02	02	NUM
bae-3244	202	30	m	m	NOUN
bae-3244	202	31	ay	ay	NOUN
bae-3244	202	32	-­‐2	-­‐2	NOUN
bae-3244	202	33	00	00	NUM
bae-3244	202	34	3	3	NUM
bae-3244	202	35	se	se	X
bae-3244	202	36	pt	pt	PROPN
bae-3244	203	1	em	em	PRON
bae-3244	203	2	be	be	AUX
bae-3244	203	3	r-­‐	r-­‐	NOUN
bae-3244	203	4	20	20	NUM
bae-3244	203	5	03	03	NUM
bae-3244	203	6	m	m	PROPN
bae-3244	203	7	ar	ar	PROPN
bae-3244	203	8	ch	ch	NOUN
bae-3244	203	9	-­‐2	-­‐2	PROPN
bae-3244	203	10	00	00	NUM
bae-3244	204	1	4	4	NUM
bae-3244	204	2	ju	ju	NOUN
bae-3244	204	3	ly	ly	X
bae-3244	204	4	-­‐2	-­‐2	PUNCT
bae-3244	204	5	00	00	NUM
bae-3244	204	6	4	4	NUM
bae-3244	204	7	de	de	X
bae-3244	204	8	ce	ce	PROPN
bae-3244	204	9	m	m	VERB
bae-3244	204	10	be	be	AUX
bae-3244	204	11	r-­‐	r-­‐	NOUN
bae-3244	204	12	20	20	NUM
bae-3244	204	13	04	04	NUM
bae-3244	204	14	m	m	NOUN
bae-3244	205	1	ay	ay	NOUN
bae-3244	205	2	-­‐2	-­‐2	NOUN
bae-3244	205	3	00	00	NUM
bae-3244	205	4	5	5	NUM
bae-3244	205	5	se	se	NOUN
bae-3244	205	6	pt	pt	X
bae-3244	205	7	em	em	PRON
bae-3244	205	8	be	be	AUX
bae-3244	205	9	r-­‐	r-­‐	NOUN
bae-3244	205	10	20	20	NUM
bae-3244	205	11	05	05	NUM
bae-3244	205	12	m	m	PROPN
bae-3244	205	13	ar	ar	PROPN
bae-3244	205	14	ch	ch	PROPN
bae-3244	205	15	-­‐2	-­‐2	PROPN
bae-3244	205	16	00	00	NUM
bae-3244	206	1	6	6	NUM
bae-3244	206	2	ju	ju	NOUN
bae-3244	206	3	ly	ly	X
bae-3244	206	4	-­‐2	-­‐2	NOUN
bae-3244	206	5	00	00	NUM
bae-3244	206	6	6	6	NUM
bae-3244	206	7	de	de	X
bae-3244	206	8	ce	ce	PROPN
bae-3244	206	9	m	m	VERB
bae-3244	206	10	be	be	AUX
bae-3244	206	11	r-­‐	r-­‐	NOUN
bae-3244	206	12	20	20	NUM
bae-3244	206	13	06	06	NUM
bae-3244	206	14	m	m	NOUN
bae-3244	207	1	ay	ay	NOUN
bae-3244	207	2	-­‐2	-­‐2	NOUN
bae-3244	207	3	00	00	NUM
bae-3244	207	4	7	7	NUM
bae-3244	207	5	se	se	X
bae-3244	207	6	pt	pt	PROPN
bae-3244	207	7	em	em	PRON
bae-3244	207	8	be	be	AUX
bae-3244	207	9	r-­‐	r-­‐	NOUN
bae-3244	207	10	20	20	NUM
bae-3244	207	11	07	07	NUM
bae-3244	207	12	m	m	PROPN
bae-3244	207	13	ar	ar	NOUN
bae-3244	207	14	ch	ch	NOUN
bae-3244	207	15	-­‐2	-­‐2	PROPN
bae-3244	207	16	00	00	NUM
bae-3244	207	17	8	8	NUM
bae-3244	207	18	ju	ju	NOUN
bae-3244	207	19	ly	ly	X
bae-3244	207	20	-­‐2	-­‐2	NOUN
bae-3244	207	21	00	00	NUM
bae-3244	207	22	8	8	NUM
bae-3244	207	23	de	de	X
bae-3244	207	24	ce	ce	PROPN
bae-3244	207	25	m	m	VERB
bae-3244	207	26	be	be	AUX
bae-3244	207	27	r-­‐	r-­‐	NOUN
bae-3244	207	28	20	20	NUM
bae-3244	207	29	08	08	NUM
bae-3244	207	30	m	m	NOUN
bae-3244	208	1	ay	ay	NOUN
bae-3244	208	2	-­‐2	-­‐2	NOUN
bae-3244	208	3	00	00	NUM
bae-3244	208	4	9	9	NUM
bae-3244	208	5	se	se	X
bae-3244	208	6	pt	pt	PROPN
bae-3244	208	7	em	em	PRON
bae-3244	208	8	be	be	AUX
bae-3244	208	9	r-­‐	r-­‐	NOUN
bae-3244	208	10	20	20	NUM
bae-3244	208	11	09	09	NUM
bae-3244	208	12	m	m	PROPN
bae-3244	208	13	ar	ar	NOUN
bae-3244	208	14	ch	ch	NOUN
bae-3244	208	15	-­‐2	-­‐2	PROPN
bae-3244	209	1	01	01	NUM
bae-3244	209	2	0	0	NUM
bae-3244	209	3	ju	ju	NOUN
bae-3244	209	4	ly	ly	X
bae-3244	210	1	-­‐2	-­‐2	NOUN
bae-3244	211	1	01	01	NUM
bae-3244	211	2	0	0	NUM
bae-3244	211	3	de	de	PROPN
bae-3244	211	4	ce	ce	PROPN
bae-3244	211	5	m	m	VERB
bae-3244	211	6	be	be	AUX
bae-3244	211	7	r-­‐	r-­‐	NOUN
bae-3244	211	8	20	20	NUM
bae-3244	211	9	10	10	NUM
bae-3244	211	10	m	m	NOUN
bae-3244	212	1	ay	ay	NOUN
bae-3244	212	2	-­‐2	-­‐2	NOUN
bae-3244	212	3	01	01	NUM
bae-3244	212	4	1	1	NUM
bae-3244	212	5	se	se	NOUN
bae-3244	212	6	pt	pt	X
bae-3244	212	7	em	em	PRON
bae-3244	212	8	be	be	AUX
bae-3244	212	9	r-­‐	r-­‐	NOUN
bae-3244	212	10	20	20	NUM
bae-3244	212	11	11	11	NUM
bae-3244	212	12	m	m	PROPN
bae-3244	212	13	ar	ar	NOUN
bae-3244	212	14	ch	ch	NOUN
bae-3244	212	15	-­‐2	-­‐2	PROPN
bae-3244	212	16	01	01	NUM
bae-3244	212	17	2	2	NUM
bae-3244	212	18	lag	lag	VERB
bae-3244	212	19	 	 	SPACE
bae-3244	212	20	1	1	NUM
bae-3244	212	21	lag	lag	VERB
bae-3244	212	22	 	 	SPACE
bae-3244	212	23	2	2	NUM
bae-3244	212	24	lag	lag	NOUN
bae-3244	212	25	 	 	SPACE
bae-3244	212	26	3	3	NUM
bae-3244	212	27	lag	lag	VERB
bae-3244	212	28	 	 	SPACE
bae-3244	212	29	4	4	NUM
bae-3244	212	30	lag	lag	VERB
bae-3244	212	31	 	 	SPACE
bae-3244	212	32	5	5	NUM
bae-3244	212	33	lag	lag	VERB
bae-3244	212	34	 	 	SPACE
bae-3244	212	35	6	6	NUM
bae-3244	212	36	lag	lag	NOUN
bae-3244	212	37	 	 	SPACE
bae-3244	212	38	7	7	NUM
bae-3244	212	39	lag	lag	NOUN
bae-3244	212	40	 	 	SPACE
bae-3244	212	41	8	8	NUM
bae-3244	212	42	lag	lag	VERB
bae-3244	212	43	 	 	SPACE
bae-3244	212	44	9	9	NUM
bae-3244	212	45	lag	lag	NOUN
bae-3244	212	46	 	 	SPACE
bae-3244	212	47	10	10	NUM
bae-3244	212	48	lag	lag	VERB
bae-3244	212	49	 	 	SPACE
bae-3244	212	50	11	11	NUM
bae-3244	212	51	lag	lag	NOUN
bae-3244	212	52	 	 	SPACE
bae-3244	212	53	12	12	NUM
bae-3244	212	54	source	source	NOUN
bae-3244	212	55	:	:	PUNCT
bae-3244	212	56	own	own	ADJ
bae-3244	212	57	calculation	calculation	NOUN
bae-3244	212	58	based	base	VERB
bae-3244	212	59	on	on	ADP
bae-3244	212	60	data	datum	NOUN
bae-3244	212	61	presented	present	VERB
bae-3244	212	62	in	in	ADP
bae-3244	212	63	section	section	NOUN
bae-3244	212	64	3.1	3.1	NUM
bae-3244	212	65	.	.	PUNCT
bae-3244	213	1	figure	figure	NOUN
bae-3244	213	2	5	5	NUM
bae-3244	213	3	.	.	PUNCT
bae-3244	214	1	liffe	liffe	PROPN
bae-3244	214	2	autocorrelation	autocorrelation	PROPN
bae-3244	214	3	coefficients	coefficient	NOUN
bae-3244	214	4	for	for	ADP
bae-3244	214	5	wheat	wheat	NOUN
bae-3244	214	6	futures	future	NOUN
bae-3244	214	7	returns	return	NOUN
bae-3244	214	8	,	,	PUNCT
bae-3244	214	9	1988	1988	NUM
bae-3244	214	10	-	-	SYM
bae-3244	214	11	2012	2012	NUM
bae-3244	214	12	.	.	PUNCT
bae-3244	215	1	-­‐1.00	-­‐1.00	PUNCT
bae-3244	216	1	-­‐0.80	-­‐0.80	PUNCT
bae-3244	217	1	-­‐0.60	-­‐0.60	PROPN
bae-3244	217	2	-­‐0.40	-­‐0.40	PUNCT
bae-3244	218	1	-­‐0.20	-­‐0.20	PROPN
bae-3244	218	2	0.00	0.00	NUM
bae-3244	218	3	0.20	0.20	NUM
bae-3244	218	4	0.40	0.40	NUM
bae-3244	218	5	0.60	0.60	NUM
bae-3244	218	6	0.80	0.80	NUM
bae-3244	218	7	1.00	1.00	NUM
bae-3244	219	1	no	no	DET
bae-3244	219	2	ve	ve	VERB
bae-3244	219	3	mb	mb	ADP
bae-3244	219	4	er	er	INTJ
bae-3244	220	1	-­‐1	-­‐1	PROPN
bae-3244	220	2	98	98	NUM
bae-3244	220	3	9	9	NUM
bae-3244	220	4	m	m	NOUN
bae-3244	220	5	ar	ar	NOUN
bae-3244	220	6	ch	ch	NOUN
bae-3244	220	7	-­‐1	-­‐1	PROPN
bae-3244	221	1	99	99	NUM
bae-3244	221	2	0	0	NUM
bae-3244	222	1	no	no	INTJ
bae-3244	222	2	ve	ve	VERB
bae-3244	222	3	mb	mb	ADP
bae-3244	222	4	er	er	INTJ
bae-3244	222	5	-­‐1	-­‐1	PROPN
bae-3244	222	6	99	99	NUM
bae-3244	222	7	0	0	NUM
bae-3244	222	8	m	m	PROPN
bae-3244	222	9	ar	ar	NOUN
bae-3244	222	10	ch	ch	NOUN
bae-3244	222	11	-­‐1	-­‐1	PROPN
bae-3244	223	1	99	99	NUM
bae-3244	223	2	1	1	NUM
bae-3244	223	3	no	no	INTJ
bae-3244	223	4	ve	ve	VERB
bae-3244	223	5	mb	mb	ADP
bae-3244	223	6	er	er	INTJ
bae-3244	223	7	-­‐1	-­‐1	PROPN
bae-3244	223	8	99	99	NUM
bae-3244	223	9	1	1	NUM
bae-3244	223	10	m	m	NOUN
bae-3244	223	11	ar	ar	NOUN
bae-3244	223	12	ch	ch	NOUN
bae-3244	223	13	-­‐1	-­‐1	PROPN
bae-3244	224	1	99	99	NUM
bae-3244	224	2	2	2	NUM
bae-3244	224	3	no	no	INTJ
bae-3244	224	4	ve	ve	VERB
bae-3244	224	5	mb	mb	ADP
bae-3244	224	6	er	er	INTJ
bae-3244	224	7	-­‐1	-­‐1	PROPN
bae-3244	224	8	99	99	NUM
bae-3244	224	9	2	2	NUM
bae-3244	224	10	m	m	NOUN
bae-3244	224	11	ar	ar	NOUN
bae-3244	224	12	ch	ch	NOUN
bae-3244	224	13	-­‐1	-­‐1	PROPN
bae-3244	225	1	99	99	NUM
bae-3244	225	2	3	3	NUM
bae-3244	225	3	no	no	INTJ
bae-3244	225	4	ve	ve	VERB
bae-3244	225	5	mb	mb	ADP
bae-3244	225	6	er	er	INTJ
bae-3244	225	7	-­‐1	-­‐1	PROPN
bae-3244	226	1	99	99	NUM
bae-3244	226	2	3	3	NUM
bae-3244	226	3	m	m	NOUN
bae-3244	226	4	ar	ar	NOUN
bae-3244	226	5	ch	ch	NOUN
bae-3244	226	6	-­‐1	-­‐1	PROPN
bae-3244	226	7	99	99	NUM
bae-3244	226	8	4	4	NUM
bae-3244	226	9	ju	ju	NOUN
bae-3244	226	10	ly-­‐	ly-­‐	NOUN
bae-3244	226	11	19	19	NUM
bae-3244	226	12	94	94	NUM
bae-3244	226	13	jan	jan	PROPN
bae-3244	226	14	ua	ua	PROPN
bae-3244	227	1	ry	ry	PROPN
bae-3244	227	2	-­‐1	-­‐1	PROPN
bae-3244	227	3	99	99	NUM
bae-3244	227	4	5	5	NUM
bae-3244	227	5	m	m	NOUN
bae-3244	227	6	ay	ay	NOUN
bae-3244	227	7	-­‐1	-­‐1	PROPN
bae-3244	227	8	99	99	NUM
bae-3244	227	9	5	5	NUM
bae-3244	227	10	no	no	INTJ
bae-3244	227	11	ve	ve	VERB
bae-3244	227	12	mb	mb	ADP
bae-3244	227	13	er	er	INTJ
bae-3244	227	14	-­‐1	-­‐1	PROPN
bae-3244	227	15	99	99	NUM
bae-3244	227	16	5	5	NUM
bae-3244	227	17	m	m	PROPN
bae-3244	227	18	ar	ar	NOUN
bae-3244	227	19	ch	ch	NOUN
bae-3244	227	20	-­‐1	-­‐1	PROPN
bae-3244	228	1	99	99	NUM
bae-3244	228	2	6	6	NUM
bae-3244	228	3	ju	ju	NOUN
bae-3244	228	4	ly-­‐	ly-­‐	NOUN
bae-3244	228	5	19	19	NUM
bae-3244	228	6	96	96	NUM
bae-3244	228	7	jan	jan	PROPN
bae-3244	228	8	ua	ua	PROPN
bae-3244	229	1	ry	ry	PROPN
bae-3244	229	2	-­‐1	-­‐1	PROPN
bae-3244	229	3	99	99	NUM
bae-3244	229	4	7	7	NUM
bae-3244	229	5	m	m	NOUN
bae-3244	229	6	ay	ay	NOUN
bae-3244	229	7	-­‐1	-­‐1	PROPN
bae-3244	229	8	99	99	NUM
bae-3244	229	9	7	7	NUM
bae-3244	229	10	no	no	INTJ
bae-3244	229	11	ve	ve	VERB
bae-3244	229	12	mb	mb	ADP
bae-3244	229	13	er	er	INTJ
bae-3244	229	14	-­‐1	-­‐1	PROPN
bae-3244	229	15	99	99	NUM
bae-3244	229	16	7	7	NUM
bae-3244	229	17	m	m	PROPN
bae-3244	229	18	ar	ar	NOUN
bae-3244	229	19	ch	ch	NOUN
bae-3244	229	20	-­‐1	-­‐1	PROPN
bae-3244	229	21	99	99	NUM
bae-3244	229	22	8	8	NUM
bae-3244	229	23	ju	ju	NOUN
bae-3244	229	24	ly-­‐	ly-­‐	NOUN
bae-3244	229	25	19	19	NUM
bae-3244	229	26	98	98	NUM
bae-3244	229	27	jan	jan	PROPN
bae-3244	229	28	ua	ua	PROPN
bae-3244	230	1	ry	ry	PROPN
bae-3244	230	2	-­‐1	-­‐1	PROPN
bae-3244	230	3	99	99	NUM
bae-3244	230	4	9	9	NUM
bae-3244	230	5	m	m	NOUN
bae-3244	230	6	ay	ay	NOUN
bae-3244	230	7	-­‐1	-­‐1	PROPN
bae-3244	230	8	99	99	NUM
bae-3244	230	9	9	9	NUM
bae-3244	230	10	no	no	INTJ
bae-3244	230	11	ve	ve	VERB
bae-3244	230	12	mb	mb	ADP
bae-3244	230	13	er	er	INTJ
bae-3244	230	14	-­‐1	-­‐1	PROPN
bae-3244	230	15	99	99	NUM
bae-3244	230	16	9	9	NUM
bae-3244	230	17	m	m	PROPN
bae-3244	230	18	ar	ar	NOUN
bae-3244	230	19	ch	ch	NOUN
bae-3244	230	20	-­‐2	-­‐2	PROPN
bae-3244	230	21	00	00	PUNCT
bae-3244	230	22	0	0	NUM
bae-3244	231	1	ju	ju	PROPN
bae-3244	231	2	ly-­‐	ly-­‐	NOUN
bae-3244	231	3	20	20	NUM
bae-3244	231	4	00	00	NUM
bae-3244	231	5	jan	jan	PROPN
bae-3244	231	6	ua	ua	PROPN
bae-3244	232	1	ry	ry	PROPN
bae-3244	232	2	-­‐2	-­‐2	PROPN
bae-3244	232	3	00	00	NUM
bae-3244	232	4	1	1	NUM
bae-3244	232	5	m	m	NOUN
bae-3244	233	1	ay	ay	NOUN
bae-3244	233	2	-­‐2	-­‐2	NOUN
bae-3244	233	3	00	00	NUM
bae-3244	233	4	1	1	NUM
bae-3244	234	1	no	no	INTJ
bae-3244	234	2	ve	ve	VERB
bae-3244	234	3	mb	mb	ADP
bae-3244	234	4	er	er	INTJ
bae-3244	234	5	-­‐2	-­‐2	INTJ
bae-3244	234	6	00	00	NUM
bae-3244	234	7	1	1	NUM
bae-3244	234	8	m	m	PROPN
bae-3244	234	9	ar	ar	NOUN
bae-3244	234	10	ch	ch	NOUN
bae-3244	234	11	-­‐2	-­‐2	PROPN
bae-3244	234	12	00	00	NUM
bae-3244	234	13	2	2	NUM
bae-3244	234	14	ju	ju	NOUN
bae-3244	234	15	ly-­‐	ly-­‐	NOUN
bae-3244	234	16	20	20	NUM
bae-3244	234	17	02	02	NUM
bae-3244	234	18	jan	jan	PROPN
bae-3244	234	19	ua	ua	PROPN
bae-3244	235	1	ry	ry	PROPN
bae-3244	235	2	-­‐2	-­‐2	PROPN
bae-3244	235	3	00	00	NUM
bae-3244	235	4	3	3	NUM
bae-3244	235	5	m	m	NOUN
bae-3244	235	6	ay	ay	NOUN
bae-3244	236	1	-­‐2	-­‐2	NOUN
bae-3244	236	2	00	00	NUM
bae-3244	236	3	3	3	NUM
bae-3244	237	1	no	no	INTJ
bae-3244	237	2	ve	ve	VERB
bae-3244	237	3	mb	mb	ADP
bae-3244	237	4	er	er	INTJ
bae-3244	237	5	-­‐2	-­‐2	INTJ
bae-3244	237	6	00	00	NUM
bae-3244	237	7	3	3	NUM
bae-3244	237	8	m	m	PROPN
bae-3244	237	9	ar	ar	NOUN
bae-3244	237	10	ch	ch	NOUN
bae-3244	237	11	-­‐2	-­‐2	PROPN
bae-3244	237	12	00	00	NUM
bae-3244	237	13	4	4	NUM
bae-3244	237	14	ju	ju	NOUN
bae-3244	237	15	ly-­‐	ly-­‐	NOUN
bae-3244	237	16	20	20	NUM
bae-3244	237	17	04	04	NUM
bae-3244	237	18	jan	jan	PROPN
bae-3244	237	19	ua	ua	PROPN
bae-3244	238	1	ry	ry	PROPN
bae-3244	238	2	-­‐2	-­‐2	PROPN
bae-3244	238	3	00	00	NUM
bae-3244	238	4	5	5	NUM
bae-3244	238	5	m	m	NOUN
bae-3244	238	6	ay	ay	NOUN
bae-3244	239	1	-­‐2	-­‐2	NOUN
bae-3244	239	2	00	00	NUM
bae-3244	239	3	5	5	NUM
bae-3244	240	1	no	no	INTJ
bae-3244	240	2	ve	ve	VERB
bae-3244	240	3	mb	mb	ADP
bae-3244	240	4	er	er	INTJ
bae-3244	240	5	-­‐2	-­‐2	NOUN
bae-3244	240	6	00	00	NUM
bae-3244	240	7	5	5	NUM
bae-3244	240	8	m	m	PROPN
bae-3244	240	9	ar	ar	NOUN
bae-3244	240	10	ch	ch	NOUN
bae-3244	240	11	-­‐2	-­‐2	PROPN
bae-3244	240	12	00	00	NUM
bae-3244	241	1	6	6	NUM
bae-3244	241	2	ju	ju	NOUN
bae-3244	241	3	ly-­‐	ly-­‐	NOUN
bae-3244	241	4	20	20	NUM
bae-3244	241	5	06	06	NUM
bae-3244	241	6	jan	jan	PROPN
bae-3244	241	7	ua	ua	PROPN
bae-3244	242	1	ry	ry	PROPN
bae-3244	242	2	-­‐2	-­‐2	PROPN
bae-3244	242	3	00	00	NUM
bae-3244	242	4	7	7	NUM
bae-3244	242	5	m	m	NOUN
bae-3244	242	6	ay	ay	NOUN
bae-3244	243	1	-­‐2	-­‐2	NOUN
bae-3244	243	2	00	00	NUM
bae-3244	243	3	7	7	NUM
bae-3244	244	1	no	no	INTJ
bae-3244	244	2	ve	ve	VERB
bae-3244	244	3	mb	mb	ADP
bae-3244	244	4	er	er	INTJ
bae-3244	244	5	-­‐2	-­‐2	NOUN
bae-3244	244	6	00	00	NUM
bae-3244	244	7	7	7	NUM
bae-3244	244	8	m	m	PROPN
bae-3244	244	9	ar	ar	NOUN
bae-3244	244	10	ch	ch	NOUN
bae-3244	244	11	-­‐2	-­‐2	PROPN
bae-3244	244	12	00	00	NUM
bae-3244	244	13	8	8	NUM
bae-3244	244	14	ju	ju	NOUN
bae-3244	244	15	ly-­‐	ly-­‐	NOUN
bae-3244	244	16	20	20	NUM
bae-3244	244	17	08	08	NUM
bae-3244	244	18	jan	jan	PROPN
bae-3244	244	19	ua	ua	PROPN
bae-3244	245	1	ry	ry	PROPN
bae-3244	245	2	-­‐2	-­‐2	PROPN
bae-3244	245	3	00	00	NUM
bae-3244	246	1	9	9	NUM
bae-3244	246	2	m	m	NOUN
bae-3244	246	3	ay	ay	NOUN
bae-3244	247	1	-­‐2	-­‐2	NOUN
bae-3244	247	2	00	00	NUM
bae-3244	247	3	9	9	NUM
bae-3244	248	1	no	no	DET
bae-3244	248	2	ve	ve	VERB
bae-3244	248	3	mb	mb	ADP
bae-3244	248	4	er	er	INTJ
bae-3244	248	5	-­‐2	-­‐2	NOUN
bae-3244	248	6	00	00	NUM
bae-3244	248	7	9	9	NUM
bae-3244	248	8	m	m	PROPN
bae-3244	248	9	ar	ar	NOUN
bae-3244	248	10	ch	ch	NOUN
bae-3244	248	11	-­‐2	-­‐2	PROPN
bae-3244	249	1	01	01	NUM
bae-3244	249	2	0	0	NUM
bae-3244	249	3	ju	ju	NOUN
bae-3244	249	4	ly-­‐	ly-­‐	NOUN
bae-3244	249	5	20	20	NUM
bae-3244	249	6	10	10	NUM
bae-3244	249	7	jan	jan	PROPN
bae-3244	249	8	ua	ua	PROPN
bae-3244	250	1	ry	ry	PROPN
bae-3244	250	2	-­‐2	-­‐2	PROPN
bae-3244	251	1	01	01	NUM
bae-3244	251	2	1	1	NUM
bae-3244	251	3	m	m	NOUN
bae-3244	252	1	ay	ay	NOUN
bae-3244	252	2	-­‐2	-­‐2	NOUN
bae-3244	253	1	01	01	NUM
bae-3244	253	2	1	1	NUM
bae-3244	253	3	no	no	INTJ
bae-3244	253	4	ve	ve	VERB
bae-3244	253	5	mb	mb	ADP
bae-3244	253	6	er	er	INTJ
bae-3244	253	7	-­‐2	-­‐2	NOUN
bae-3244	253	8	01	01	NUM
bae-3244	253	9	1	1	NUM
bae-3244	253	10	m	m	NOUN
bae-3244	253	11	ar	ar	NOUN
bae-3244	253	12	ch	ch	NOUN
bae-3244	253	13	-­‐2	-­‐2	PROPN
bae-3244	253	14	01	01	NUM
bae-3244	253	15	2	2	NUM
bae-3244	253	16	lag	lag	VERB
bae-3244	253	17	 	 	SPACE
bae-3244	253	18	1	1	NUM
bae-3244	253	19	lag	lag	VERB
bae-3244	253	20	 	 	SPACE
bae-3244	253	21	2	2	NUM
bae-3244	253	22	lag	lag	NOUN
bae-3244	253	23	 	 	SPACE
bae-3244	253	24	3	3	NUM
bae-3244	253	25	lag	lag	VERB
bae-3244	253	26	 	 	SPACE
bae-3244	253	27	4	4	NUM
bae-3244	253	28	lag	lag	VERB
bae-3244	253	29	 	 	SPACE
bae-3244	253	30	5	5	NUM
bae-3244	253	31	lag	lag	VERB
bae-3244	253	32	 	 	SPACE
bae-3244	253	33	6	6	NUM
bae-3244	253	34	lag	lag	NOUN
bae-3244	253	35	 	 	SPACE
bae-3244	253	36	7	7	NUM
bae-3244	253	37	lag	lag	NOUN
bae-3244	253	38	 	 	SPACE
bae-3244	253	39	8	8	NUM
bae-3244	253	40	lag	lag	VERB
bae-3244	253	41	 	 	SPACE
bae-3244	253	42	9	9	NUM
bae-3244	253	43	lag	lag	NOUN
bae-3244	253	44	 	 	SPACE
bae-3244	253	45	10	10	NUM
bae-3244	253	46	lag	lag	VERB
bae-3244	253	47	 	 	SPACE
bae-3244	253	48	11	11	NUM
bae-3244	253	49	lag	lag	NOUN
bae-3244	253	50	 	 	SPACE
bae-3244	253	51	12	12	NUM
bae-3244	253	52	source	source	NOUN
bae-3244	253	53	:	:	PUNCT
bae-3244	253	54	own	own	ADJ
bae-3244	253	55	calculation	calculation	NOUN
bae-3244	253	56	based	base	VERB
bae-3244	253	57	on	on	ADP
bae-3244	253	58	data	datum	NOUN
bae-3244	253	59	presented	present	VERB
bae-3244	253	60	in	in	ADP
bae-3244	253	61	section	section	NOUN
bae-3244	253	62	3.1	3.1	NUM
bae-3244	253	63	.	.	PUNCT
bae-3244	254	1	246	246	NUM
bae-3244	254	2	c.	c.	PROPN
bae-3244	254	3	revoredo	revoredo	PROPN
bae-3244	254	4	-	-	PUNCT
bae-3244	254	5	giha	giha	PROPN
bae-3244	254	6	,	,	PUNCT
bae-3244	254	7	m.	m.	NOUN
bae-3244	254	8	zuppiroli	zuppiroli	NOUN
bae-3244	254	9	figure	figure	VERB
bae-3244	254	10	6	6	NUM
bae-3244	254	11	.	.	PUNCT
bae-3244	255	1	matif	matif	ADJ
bae-3244	255	2	autocorrelation	autocorrelation	NOUN
bae-3244	255	3	coefficients	coefficient	NOUN
bae-3244	255	4	for	for	ADP
bae-3244	255	5	wheat	wheat	NOUN
bae-3244	255	6	futures	future	NOUN
bae-3244	255	7	returns	return	NOUN
bae-3244	255	8	,	,	PUNCT
bae-3244	255	9	1998	1998	NUM
bae-3244	255	10	-	-	SYM
bae-3244	255	11	2012	2012	NUM
bae-3244	255	12	.	.	PUNCT
bae-3244	256	1	-­‐1.00	-­‐1.00	PUNCT
bae-3244	257	1	-­‐0.80	-­‐0.80	PUNCT
bae-3244	258	1	-­‐0.60	-­‐0.60	PROPN
bae-3244	258	2	-­‐0.40	-­‐0.40	PUNCT
bae-3244	259	1	-­‐0.20	-­‐0.20	PROPN
bae-3244	260	1	0.00	0.00	NUM
bae-3244	260	2	0.20	0.20	NUM
bae-3244	260	3	0.40	0.40	NUM
bae-3244	260	4	0.60	0.60	NUM
bae-3244	260	5	0.80	0.80	NUM
bae-3244	260	6	1.00	1.00	NUM
bae-3244	260	7	se	se	X
bae-3244	260	8	pt	pt	PROPN
bae-3244	260	9	em	em	PRON
bae-3244	260	10	be	be	AUX
bae-3244	260	11	r-­‐1	r-­‐1	PROPN
bae-3244	260	12	99	99	NUM
bae-3244	260	13	8	8	NUM
bae-3244	260	14	no	no	INTJ
bae-3244	260	15	ve	ve	VERB
bae-3244	260	16	mb	mb	ADP
bae-3244	260	17	er	er	INTJ
bae-3244	260	18	-­‐1	-­‐1	PROPN
bae-3244	260	19	99	99	NUM
bae-3244	260	20	8	8	NUM
bae-3244	260	21	jan	jan	PROPN
bae-3244	260	22	ua	ua	PROPN
bae-3244	261	1	ry	ry	PROPN
bae-3244	261	2	-­‐1	-­‐1	PROPN
bae-3244	261	3	99	99	NUM
bae-3244	261	4	9	9	NUM
bae-3244	261	5	m	m	NOUN
bae-3244	261	6	ar	ar	NOUN
bae-3244	261	7	ch	ch	NOUN
bae-3244	261	8	-­‐1	-­‐1	PROPN
bae-3244	262	1	99	99	NUM
bae-3244	262	2	9	9	NUM
bae-3244	262	3	m	m	NOUN
bae-3244	262	4	ay	ay	NOUN
bae-3244	262	5	-­‐1	-­‐1	PROPN
bae-3244	262	6	99	99	NUM
bae-3244	262	7	9	9	NUM
bae-3244	262	8	se	se	X
bae-3244	262	9	pt	pt	PROPN
bae-3244	263	1	em	em	PRON
bae-3244	263	2	be	be	AUX
bae-3244	263	3	r-­‐1	r-­‐1	PROPN
bae-3244	263	4	99	99	NUM
bae-3244	263	5	9	9	NUM
bae-3244	263	6	no	no	INTJ
bae-3244	263	7	ve	ve	VERB
bae-3244	263	8	mb	mb	ADP
bae-3244	263	9	er	er	INTJ
bae-3244	263	10	-­‐1	-­‐1	PROPN
bae-3244	263	11	99	99	NUM
bae-3244	263	12	9	9	NUM
bae-3244	263	13	jan	jan	PROPN
bae-3244	263	14	ua	ua	PROPN
bae-3244	263	15	ry	ry	PROPN
bae-3244	264	1	-­‐2	-­‐2	PROPN
bae-3244	264	2	00	00	NUM
bae-3244	264	3	0	0	NUM
bae-3244	264	4	m	m	PROPN
bae-3244	264	5	ar	ar	PROPN
bae-3244	264	6	ch	ch	NOUN
bae-3244	264	7	-­‐2	-­‐2	PROPN
bae-3244	264	8	00	00	PUNCT
bae-3244	264	9	0	0	NUM
bae-3244	265	1	m	m	VERB
bae-3244	266	1	ay	ay	NOUN
bae-3244	266	2	-­‐2	-­‐2	NOUN
bae-3244	266	3	00	00	PUNCT
bae-3244	266	4	0	0	NUM
bae-3244	267	1	se	se	PROPN
bae-3244	267	2	pt	pt	PROPN
bae-3244	267	3	em	em	PRON
bae-3244	267	4	be	be	AUX
bae-3244	267	5	r-­‐2	r-­‐2	VERB
bae-3244	267	6	00	00	NUM
bae-3244	267	7	0	0	NUM
bae-3244	268	1	no	no	DET
bae-3244	268	2	ve	ve	VERB
bae-3244	268	3	mb	mb	ADP
bae-3244	268	4	er	er	INTJ
bae-3244	268	5	-­‐2	-­‐2	NOUN
bae-3244	268	6	00	00	NUM
bae-3244	268	7	0	0	NUM
bae-3244	268	8	jan	jan	PROPN
bae-3244	268	9	ua	ua	PROPN
bae-3244	269	1	ry	ry	PROPN
bae-3244	269	2	-­‐2	-­‐2	PROPN
bae-3244	269	3	00	00	NUM
bae-3244	269	4	1	1	NUM
bae-3244	269	5	m	m	PROPN
bae-3244	269	6	ar	ar	NOUN
bae-3244	269	7	ch	ch	NOUN
bae-3244	269	8	-­‐2	-­‐2	PROPN
bae-3244	269	9	00	00	NUM
bae-3244	270	1	1	1	NUM
bae-3244	270	2	m	m	NOUN
bae-3244	271	1	ay	ay	NOUN
bae-3244	271	2	-­‐2	-­‐2	NOUN
bae-3244	271	3	00	00	NUM
bae-3244	271	4	1	1	NUM
bae-3244	271	5	ju	ju	NOUN
bae-3244	271	6	ly-­‐	ly-­‐	NOUN
bae-3244	271	7	20	20	NUM
bae-3244	271	8	01	01	NUM
bae-3244	271	9	se	se	NOUN
bae-3244	271	10	pt	pt	PROPN
bae-3244	272	1	em	em	PRON
bae-3244	272	2	be	be	AUX
bae-3244	272	3	r-­‐2	r-­‐2	VERB
bae-3244	272	4	00	00	NUM
bae-3244	272	5	1	1	NUM
bae-3244	273	1	no	no	DET
bae-3244	273	2	ve	ve	VERB
bae-3244	273	3	mb	mb	ADP
bae-3244	273	4	er	er	INTJ
bae-3244	273	5	-­‐2	-­‐2	NOUN
bae-3244	273	6	00	00	NUM
bae-3244	273	7	1	1	NUM
bae-3244	273	8	jan	jan	PROPN
bae-3244	273	9	ua	ua	PROPN
bae-3244	274	1	ry	ry	PROPN
bae-3244	274	2	-­‐2	-­‐2	PROPN
bae-3244	274	3	00	00	NUM
bae-3244	274	4	2	2	NUM
bae-3244	274	5	m	m	NOUN
bae-3244	274	6	ar	ar	NOUN
bae-3244	274	7	ch	ch	NOUN
bae-3244	274	8	-­‐2	-­‐2	PROPN
bae-3244	274	9	00	00	NUM
bae-3244	274	10	2	2	NUM
bae-3244	274	11	m	m	NOUN
bae-3244	274	12	ay	ay	NOUN
bae-3244	274	13	-­‐2	-­‐2	NOUN
bae-3244	274	14	00	00	NUM
bae-3244	274	15	2	2	NUM
bae-3244	274	16	ju	ju	NOUN
bae-3244	274	17	ly-­‐	ly-­‐	NOUN
bae-3244	274	18	20	20	NUM
bae-3244	274	19	02	02	NUM
bae-3244	274	20	se	se	PROPN
bae-3244	274	21	pt	pt	PROPN
bae-3244	275	1	em	em	PRON
bae-3244	275	2	be	be	AUX
bae-3244	275	3	r-­‐2	r-­‐2	VERB
bae-3244	275	4	00	00	NUM
bae-3244	275	5	2	2	NUM
bae-3244	276	1	no	no	DET
bae-3244	276	2	ve	ve	VERB
bae-3244	276	3	mb	mb	ADP
bae-3244	276	4	er	er	INTJ
bae-3244	276	5	-­‐2	-­‐2	INTJ
bae-3244	276	6	00	00	NUM
bae-3244	276	7	2	2	NUM
bae-3244	276	8	jan	jan	PROPN
bae-3244	276	9	ua	ua	PROPN
bae-3244	277	1	ry	ry	PROPN
bae-3244	277	2	-­‐2	-­‐2	PROPN
bae-3244	277	3	00	00	NUM
bae-3244	277	4	3	3	NUM
bae-3244	277	5	m	m	PROPN
bae-3244	277	6	ar	ar	NOUN
bae-3244	277	7	ch	ch	NOUN
bae-3244	277	8	-­‐2	-­‐2	PROPN
bae-3244	277	9	00	00	NUM
bae-3244	278	1	3	3	NUM
bae-3244	278	2	m	m	NOUN
bae-3244	279	1	ay	ay	NOUN
bae-3244	280	1	-­‐2	-­‐2	NOUN
bae-3244	280	2	00	00	NUM
bae-3244	280	3	3	3	NUM
bae-3244	280	4	ju	ju	NOUN
bae-3244	280	5	ly-­‐	ly-­‐	NOUN
bae-3244	280	6	20	20	NUM
bae-3244	280	7	03	03	NUM
bae-3244	280	8	se	se	NOUN
bae-3244	280	9	pt	pt	PROPN
bae-3244	281	1	em	em	PRON
bae-3244	281	2	be	be	AUX
bae-3244	281	3	r-­‐2	r-­‐2	VERB
bae-3244	281	4	00	00	NUM
bae-3244	281	5	3	3	NUM
bae-3244	282	1	no	no	DET
bae-3244	282	2	ve	ve	VERB
bae-3244	282	3	mb	mb	ADP
bae-3244	282	4	er	er	INTJ
bae-3244	282	5	-­‐2	-­‐2	NOUN
bae-3244	282	6	00	00	NUM
bae-3244	282	7	3	3	NUM
bae-3244	282	8	jan	jan	PROPN
bae-3244	282	9	ua	ua	PROPN
bae-3244	283	1	ry	ry	PROPN
bae-3244	283	2	-­‐2	-­‐2	PROPN
bae-3244	283	3	00	00	NUM
bae-3244	283	4	4	4	NUM
bae-3244	283	5	m	m	PROPN
bae-3244	283	6	ar	ar	NOUN
bae-3244	283	7	ch	ch	NOUN
bae-3244	283	8	-­‐2	-­‐2	PROPN
bae-3244	283	9	00	00	NUM
bae-3244	283	10	4	4	NUM
bae-3244	283	11	m	m	VERB
bae-3244	283	12	ay	ay	NOUN
bae-3244	283	13	-­‐2	-­‐2	NOUN
bae-3244	283	14	00	00	NUM
bae-3244	283	15	4	4	NUM
bae-3244	283	16	ju	ju	NOUN
bae-3244	283	17	ly-­‐	ly-­‐	NOUN
bae-3244	283	18	20	20	NUM
bae-3244	283	19	04	04	NUM
bae-3244	283	20	se	se	PROPN
bae-3244	283	21	pt	pt	PROPN
bae-3244	284	1	em	em	PRON
bae-3244	284	2	be	be	AUX
bae-3244	284	3	r-­‐2	r-­‐2	VERB
bae-3244	284	4	00	00	NUM
bae-3244	284	5	4	4	NUM
bae-3244	285	1	no	no	INTJ
bae-3244	285	2	ve	ve	VERB
bae-3244	285	3	mb	mb	ADP
bae-3244	285	4	er	er	INTJ
bae-3244	285	5	-­‐2	-­‐2	NOUN
bae-3244	285	6	00	00	NUM
bae-3244	285	7	4	4	NUM
bae-3244	285	8	jan	jan	PROPN
bae-3244	285	9	ua	ua	PROPN
bae-3244	286	1	ry	ry	PROPN
bae-3244	286	2	-­‐2	-­‐2	PROPN
bae-3244	286	3	00	00	NUM
bae-3244	286	4	5	5	NUM
bae-3244	286	5	m	m	PROPN
bae-3244	286	6	ar	ar	NOUN
bae-3244	286	7	ch	ch	NOUN
bae-3244	286	8	-­‐2	-­‐2	PROPN
bae-3244	286	9	00	00	NUM
bae-3244	286	10	5	5	NUM
bae-3244	286	11	m	m	NOUN
bae-3244	286	12	ay	ay	NOUN
bae-3244	287	1	-­‐2	-­‐2	NOUN
bae-3244	287	2	00	00	NUM
bae-3244	287	3	5	5	NUM
bae-3244	287	4	ju	ju	NOUN
bae-3244	287	5	ly-­‐	ly-­‐	NOUN
bae-3244	287	6	20	20	NUM
bae-3244	287	7	05	05	NUM
bae-3244	287	8	se	se	PROPN
bae-3244	287	9	pt	pt	PROPN
bae-3244	288	1	em	em	PRON
bae-3244	288	2	be	be	AUX
bae-3244	288	3	r-­‐2	r-­‐2	VERB
bae-3244	288	4	00	00	NUM
bae-3244	288	5	5	5	NUM
bae-3244	289	1	no	no	DET
bae-3244	289	2	ve	ve	VERB
bae-3244	289	3	mb	mb	ADP
bae-3244	289	4	er	er	INTJ
bae-3244	289	5	-­‐2	-­‐2	NOUN
bae-3244	289	6	00	00	NUM
bae-3244	289	7	5	5	NUM
bae-3244	289	8	jan	jan	PROPN
bae-3244	289	9	ua	ua	PROPN
bae-3244	290	1	ry	ry	PROPN
bae-3244	290	2	-­‐2	-­‐2	PROPN
bae-3244	290	3	00	00	NUM
bae-3244	290	4	6	6	NUM
bae-3244	290	5	m	m	PROPN
bae-3244	290	6	ar	ar	NOUN
bae-3244	290	7	ch	ch	NOUN
bae-3244	290	8	-­‐2	-­‐2	PROPN
bae-3244	290	9	00	00	NUM
bae-3244	291	1	6	6	NUM
bae-3244	291	2	m	m	NOUN
bae-3244	291	3	ay	ay	NOUN
bae-3244	292	1	-­‐2	-­‐2	NOUN
bae-3244	292	2	00	00	NUM
bae-3244	293	1	6	6	NUM
bae-3244	293	2	se	se	NOUN
bae-3244	293	3	pt	pt	PROPN
bae-3244	293	4	em	em	PRON
bae-3244	293	5	be	be	AUX
bae-3244	293	6	r-­‐2	r-­‐2	VERB
bae-3244	293	7	00	00	NUM
bae-3244	293	8	6	6	NUM
bae-3244	293	9	no	no	PRON
bae-3244	293	10	ve	ve	VERB
bae-3244	293	11	mb	mb	ADP
bae-3244	293	12	er	er	INTJ
bae-3244	293	13	-­‐2	-­‐2	INTJ
bae-3244	293	14	00	00	NUM
bae-3244	294	1	6	6	NUM
bae-3244	294	2	jan	jan	PROPN
bae-3244	294	3	ua	ua	PROPN
bae-3244	294	4	ry	ry	PROPN
bae-3244	294	5	-­‐2	-­‐2	PROPN
bae-3244	294	6	00	00	NUM
bae-3244	294	7	7	7	NUM
bae-3244	294	8	m	m	PROPN
bae-3244	294	9	ar	ar	NOUN
bae-3244	294	10	ch	ch	NOUN
bae-3244	294	11	-­‐2	-­‐2	PROPN
bae-3244	294	12	00	00	NUM
bae-3244	294	13	7	7	NUM
bae-3244	294	14	m	m	NOUN
bae-3244	294	15	ay	ay	NOUN
bae-3244	294	16	-­‐2	-­‐2	NOUN
bae-3244	294	17	00	00	NUM
bae-3244	294	18	7	7	NUM
bae-3244	294	19	se	se	X
bae-3244	294	20	pt	pt	PROPN
bae-3244	294	21	em	em	PRON
bae-3244	294	22	be	be	AUX
bae-3244	294	23	r-­‐2	r-­‐2	VERB
bae-3244	294	24	00	00	NUM
bae-3244	294	25	7	7	NUM
bae-3244	295	1	no	no	DET
bae-3244	295	2	ve	ve	VERB
bae-3244	295	3	mb	mb	ADP
bae-3244	295	4	er	er	INTJ
bae-3244	295	5	-­‐2	-­‐2	NOUN
bae-3244	295	6	00	00	NUM
bae-3244	295	7	7	7	NUM
bae-3244	295	8	jan	jan	PROPN
bae-3244	295	9	ua	ua	PROPN
bae-3244	295	10	ry	ry	PROPN
bae-3244	296	1	-­‐2	-­‐2	PROPN
bae-3244	296	2	00	00	NUM
bae-3244	296	3	8	8	NUM
bae-3244	296	4	m	m	PROPN
bae-3244	296	5	ar	ar	NOUN
bae-3244	296	6	ch	ch	NOUN
bae-3244	296	7	-­‐2	-­‐2	PROPN
bae-3244	296	8	00	00	NUM
bae-3244	296	9	8	8	NUM
bae-3244	296	10	m	m	VERB
bae-3244	296	11	ay	ay	NOUN
bae-3244	296	12	-­‐2	-­‐2	NOUN
bae-3244	296	13	00	00	NUM
bae-3244	296	14	8	8	NUM
bae-3244	296	15	au	au	PROPN
bae-3244	296	16	gu	gu	NOUN
bae-3244	296	17	st-­‐	st-­‐	VERB
bae-3244	296	18	20	20	NUM
bae-3244	296	19	08	08	NUM
bae-3244	297	1	no	no	INTJ
bae-3244	297	2	ve	ve	VERB
bae-3244	297	3	mb	mb	ADP
bae-3244	297	4	er	er	INTJ
bae-3244	297	5	-­‐2	-­‐2	INTJ
bae-3244	297	6	00	00	NUM
bae-3244	297	7	8	8	NUM
bae-3244	297	8	jan	jan	PROPN
bae-3244	297	9	ua	ua	PROPN
bae-3244	298	1	ry	ry	PROPN
bae-3244	298	2	-­‐2	-­‐2	PROPN
bae-3244	298	3	00	00	NUM
bae-3244	298	4	9	9	NUM
bae-3244	298	5	m	m	PROPN
bae-3244	298	6	ar	ar	NOUN
bae-3244	298	7	ch	ch	NOUN
bae-3244	298	8	-­‐2	-­‐2	PROPN
bae-3244	298	9	00	00	NUM
bae-3244	299	1	9	9	NUM
bae-3244	299	2	m	m	NOUN
bae-3244	300	1	ay	ay	NOUN
bae-3244	301	1	-­‐2	-­‐2	NOUN
bae-3244	301	2	00	00	NUM
bae-3244	301	3	9	9	NUM
bae-3244	301	4	au	au	X
bae-3244	301	5	gu	gu	NOUN
bae-3244	301	6	st-­‐	st-­‐	VERB
bae-3244	301	7	20	20	NUM
bae-3244	301	8	09	09	NUM
bae-3244	302	1	no	no	INTJ
bae-3244	302	2	ve	ve	VERB
bae-3244	302	3	mb	mb	ADP
bae-3244	302	4	er	er	INTJ
bae-3244	302	5	-­‐2	-­‐2	NOUN
bae-3244	302	6	00	00	NUM
bae-3244	302	7	9	9	NUM
bae-3244	302	8	jan	jan	PROPN
bae-3244	302	9	ua	ua	PROPN
bae-3244	303	1	ry	ry	PROPN
bae-3244	303	2	-­‐2	-­‐2	PROPN
bae-3244	304	1	01	01	NUM
bae-3244	304	2	0	0	NUM
bae-3244	304	3	m	m	PROPN
bae-3244	304	4	ar	ar	PROPN
bae-3244	304	5	ch	ch	NOUN
bae-3244	304	6	-­‐2	-­‐2	PROPN
bae-3244	305	1	01	01	NUM
bae-3244	305	2	0	0	NUM
bae-3244	306	1	m	m	VERB
bae-3244	307	1	ay	ay	NOUN
bae-3244	307	2	-­‐2	-­‐2	NOUN
bae-3244	307	3	01	01	NUM
bae-3244	307	4	0	0	NUM
bae-3244	307	5	au	au	PROPN
bae-3244	307	6	gu	gu	PROPN
bae-3244	307	7	st-­‐	st-­‐	VERB
bae-3244	307	8	20	20	NUM
bae-3244	307	9	10	10	NUM
bae-3244	307	10	no	no	INTJ
bae-3244	307	11	ve	ve	VERB
bae-3244	307	12	mb	mb	ADP
bae-3244	308	1	er	er	INTJ
bae-3244	308	2	-­‐2	-­‐2	INTJ
bae-3244	308	3	01	01	NUM
bae-3244	308	4	0	0	NUM
bae-3244	308	5	jan	jan	PROPN
bae-3244	308	6	ua	ua	PROPN
bae-3244	309	1	ry	ry	PROPN
bae-3244	309	2	-­‐2	-­‐2	PROPN
bae-3244	310	1	01	01	NUM
bae-3244	310	2	1	1	NUM
bae-3244	310	3	m	m	NOUN
bae-3244	310	4	ar	ar	NOUN
bae-3244	310	5	ch	ch	NOUN
bae-3244	310	6	-­‐2	-­‐2	PROPN
bae-3244	311	1	01	01	NUM
bae-3244	311	2	1	1	NUM
bae-3244	311	3	m	m	NOUN
bae-3244	312	1	ay	ay	NOUN
bae-3244	312	2	-­‐2	-­‐2	NOUN
bae-3244	312	3	01	01	NUM
bae-3244	312	4	1	1	NUM
bae-3244	312	5	au	au	PROPN
bae-3244	312	6	gu	gu	NOUN
bae-3244	312	7	st-­‐	st-­‐	VERB
bae-3244	312	8	20	20	NUM
bae-3244	312	9	11	11	NUM
bae-3244	312	10	no	no	DET
bae-3244	312	11	ve	ve	VERB
bae-3244	312	12	mb	mb	ADP
bae-3244	313	1	er	er	INTJ
bae-3244	313	2	-­‐2	-­‐2	NOUN
bae-3244	313	3	01	01	NUM
bae-3244	313	4	1	1	NUM
bae-3244	313	5	jan	jan	PROPN
bae-3244	313	6	ua	ua	PROPN
bae-3244	314	1	ry	ry	PROPN
bae-3244	314	2	-­‐2	-­‐2	PROPN
bae-3244	314	3	01	01	NUM
bae-3244	314	4	2	2	NUM
bae-3244	314	5	m	m	NOUN
bae-3244	314	6	ar	ar	NOUN
bae-3244	314	7	ch	ch	NOUN
bae-3244	314	8	-­‐2	-­‐2	PROPN
bae-3244	315	1	01	01	NUM
bae-3244	315	2	2	2	NUM
bae-3244	315	3	m	m	NOUN
bae-3244	316	1	ay	ay	NOUN
bae-3244	316	2	-­‐2	-­‐2	NOUN
bae-3244	316	3	01	01	NUM
bae-3244	316	4	2	2	NUM
bae-3244	316	5	lag	lag	VERB
bae-3244	316	6	 	 	SPACE
bae-3244	316	7	1	1	NUM
bae-3244	316	8	lag	lag	VERB
bae-3244	316	9	 	 	SPACE
bae-3244	316	10	2	2	NUM
bae-3244	316	11	lag	lag	NOUN
bae-3244	316	12	 	 	SPACE
bae-3244	316	13	3	3	NUM
bae-3244	316	14	lag	lag	VERB
bae-3244	316	15	 	 	SPACE
bae-3244	316	16	4	4	NUM
bae-3244	316	17	lag	lag	VERB
bae-3244	316	18	 	 	SPACE
bae-3244	316	19	5	5	NUM
bae-3244	316	20	lag	lag	VERB
bae-3244	316	21	 	 	SPACE
bae-3244	316	22	6	6	NUM
bae-3244	316	23	lag	lag	NOUN
bae-3244	316	24	 	 	SPACE
bae-3244	316	25	7	7	NUM
bae-3244	316	26	lag	lag	NOUN
bae-3244	316	27	 	 	SPACE
bae-3244	316	28	8	8	NUM
bae-3244	316	29	lag	lag	VERB
bae-3244	316	30	 	 	SPACE
bae-3244	316	31	9	9	NUM
bae-3244	316	32	lag	lag	NOUN
bae-3244	316	33	 	 	SPACE
bae-3244	316	34	10	10	NUM
bae-3244	316	35	lag	lag	VERB
bae-3244	316	36	 	 	SPACE
bae-3244	316	37	11	11	NUM
bae-3244	316	38	lag	lag	NOUN
bae-3244	316	39	 	 	SPACE
bae-3244	316	40	12	12	NUM
bae-3244	316	41	source	source	NOUN
bae-3244	316	42	:	:	PUNCT
bae-3244	316	43	own	own	ADJ
bae-3244	316	44	calculation	calculation	NOUN
bae-3244	316	45	based	base	VERB
bae-3244	316	46	on	on	ADP
bae-3244	316	47	data	datum	NOUN
bae-3244	316	48	presented	present	VERB
bae-3244	316	49	in	in	ADP
bae-3244	316	50	section	section	NOUN
bae-3244	316	51	3.1	3.1	NUM
bae-3244	316	52	.	.	PUNCT
bae-3244	317	1	4.1.2	4.1.2	NUM
bae-3244	317	2	market	market	NOUN
bae-3244	317	3	unbiasedness	unbiasedness	NOUN
bae-3244	317	4	analysis	analysis	NOUN
bae-3244	317	5	as	as	SCONJ
bae-3244	317	6	explained	explain	VERB
bae-3244	317	7	in	in	ADP
bae-3244	317	8	the	the	DET
bae-3244	317	9	methodology	methodology	NOUN
bae-3244	317	10	before	before	ADP
bae-3244	317	11	implementing	implement	VERB
bae-3244	317	12	the	the	DET
bae-3244	317	13	trading	trading	NOUN
bae-3244	317	14	routines	routine	NOUN
bae-3244	317	15	it	it	PRON
bae-3244	317	16	is	be	AUX
bae-3244	317	17	necessary	necessary	ADJ
bae-3244	317	18	to	to	PART
bae-3244	317	19	estimate	estimate	VERB
bae-3244	317	20	the	the	DET
bae-3244	317	21	seasonality	seasonality	NOUN
bae-3244	317	22	of	of	ADP
bae-3244	317	23	futures	future	NOUN
bae-3244	317	24	prices	price	NOUN
bae-3244	317	25	for	for	ADP
bae-3244	317	26	each	each	PRON
bae-3244	317	27	of	of	ADP
bae-3244	317	28	the	the	DET
bae-3244	317	29	markets	market	NOUN
bae-3244	317	30	.	.	PUNCT
bae-3244	318	1	figure	figure	VERB
bae-3244	318	2	7	7	NUM
bae-3244	318	3	presents	present	VERB
bae-3244	318	4	the	the	DET
bae-3244	318	5	seasonality	seasonality	NOUN
bae-3244	318	6	analysis	analysis	NOUN
bae-3244	318	7	using	use	VERB
bae-3244	318	8	nearby	nearby	ADJ
bae-3244	318	9	futures	future	NOUN
bae-3244	318	10	prices	price	NOUN
bae-3244	318	11	.	.	PUNCT
bae-3244	319	1	as	as	SCONJ
bae-3244	319	2	regards	regard	VERB
bae-3244	319	3	the	the	DET
bae-3244	319	4	seasonality	seasonality	NOUN
bae-3244	319	5	for	for	ADP
bae-3244	319	6	cbot	cbot	PROPN
bae-3244	319	7	prices	price	NOUN
bae-3244	319	8	,	,	PUNCT
bae-3244	319	9	on	on	ADP
bae-3244	319	10	average	average	ADJ
bae-3244	319	11	,	,	PUNCT
bae-3244	319	12	prices	price	NOUN
bae-3244	319	13	approximately	approximately	ADV
bae-3244	319	14	have	have	VERB
bae-3244	319	15	a	a	DET
bae-3244	319	16	decreasing	decrease	VERB
bae-3244	319	17	trend	trend	NOUN
bae-3244	319	18	from	from	ADP
bae-3244	319	19	january	january	PROPN
bae-3244	319	20	to	to	ADP
bae-3244	319	21	july	july	PROPN
bae-3244	319	22	and	and	CCONJ
bae-3244	319	23	rose	rise	VERB
bae-3244	319	24	steadily	steadily	ADV
bae-3244	319	25	thereafter	thereafter	ADV
bae-3244	319	26	.	.	PUNCT
bae-3244	320	1	the	the	DET
bae-3244	320	2	seasonality	seasonality	NOUN
bae-3244	320	3	in	in	ADP
bae-3244	320	4	matif	matif	ADJ
bae-3244	320	5	prices	price	NOUN
bae-3244	320	6	is	be	AUX
bae-3244	320	7	similar	similar	ADJ
bae-3244	320	8	to	to	ADP
bae-3244	320	9	the	the	DET
bae-3244	320	10	observed	observed	ADJ
bae-3244	320	11	for	for	ADP
bae-3244	320	12	cbot	cbot	PROPN
bae-3244	320	13	prices	price	NOUN
bae-3244	320	14	.	.	PUNCT
bae-3244	321	1	in	in	ADP
bae-3244	321	2	contrast	contrast	NOUN
bae-3244	321	3	,	,	PUNCT
bae-3244	321	4	liffe	liffe	PROPN
bae-3244	321	5	seasonal	seasonal	ADJ
bae-3244	321	6	pattern	pattern	NOUN
bae-3244	321	7	is	be	AUX
bae-3244	321	8	not	not	PART
bae-3244	321	9	that	that	ADV
bae-3244	321	10	clear	clear	ADJ
bae-3244	321	11	and	and	CCONJ
bae-3244	321	12	it	it	PRON
bae-3244	321	13	shows	show	VERB
bae-3244	321	14	an	an	DET
bae-3244	321	15	approximate	approximate	NOUN
bae-3244	321	16	a	a	DET
bae-3244	321	17	two	two	NUM
bae-3244	321	18	step	step	NOUN
bae-3244	321	19	seasonal	seasonal	ADJ
bae-3244	321	20	pattern	pattern	NOUN
bae-3244	321	21	:	:	PUNCT
bae-3244	321	22	one	one	NUM
bae-3244	321	23	between	between	ADP
bae-3244	321	24	may	may	PROPN
bae-3244	321	25	and	and	CCONJ
bae-3244	321	26	june	june	PROPN
bae-3244	321	27	(	(	PUNCT
bae-3244	321	28	decreasing	decrease	VERB
bae-3244	321	29	)	)	PUNCT
bae-3244	321	30	and	and	CCONJ
bae-3244	321	31	another	another	PRON
bae-3244	321	32	between	between	ADP
bae-3244	321	33	october	october	PROPN
bae-3244	321	34	and	and	CCONJ
bae-3244	321	35	november	november	PROPN
bae-3244	321	36	(	(	PUNCT
bae-3244	321	37	increasing	increase	VERB
bae-3244	321	38	)	)	PUNCT
bae-3244	321	39	.	.	PUNCT
bae-3244	322	1	figure	figure	VERB
bae-3244	322	2	7	7	NUM
bae-3244	322	3	.	.	PUNCT
bae-3244	322	4	average	average	ADJ
bae-3244	322	5	monthly	monthly	ADJ
bae-3244	322	6	price	price	NOUN
bae-3244	322	7	indexes	index	NOUN
bae-3244	322	8	of	of	ADP
bae-3244	322	9	wheat	wheat	NOUN
bae-3244	322	10	futures	future	NOUN
bae-3244	322	11	.	.	PUNCT
bae-3244	323	1	93	93	NUM
bae-3244	323	2	94	94	NUM
bae-3244	323	3	95	95	NUM
bae-3244	323	4	96	96	NUM
bae-3244	323	5	97	97	NUM
bae-3244	323	6	98	98	NUM
bae-3244	323	7	99	99	NUM
bae-3244	323	8	100	100	NUM
bae-3244	323	9	101	101	NUM
bae-3244	323	10	102	102	NUM
bae-3244	323	11	103	103	NUM
bae-3244	323	12	104	104	NUM
bae-3244	323	13	jan	jan	PROPN
bae-3244	323	14	feb	feb	PROPN
bae-3244	323	15	mar	mar	PROPN
bae-3244	323	16	apr	apr	PROPN
bae-3244	323	17	may	may	PROPN
bae-3244	323	18	jun	jun	PROPN
bae-3244	323	19	jul	jul	PROPN
bae-3244	323	20	aug	aug	PROPN
bae-3244	323	21	sep	sep	PROPN
bae-3244	323	22	oct	oct	PROPN
bae-3244	323	23	nov	nov	PROPN
bae-3244	323	24	dec	dec	PROPN
bae-3244	323	25	pr	pr	INTJ
bae-3244	323	26	ic	ic	PROPN
bae-3244	323	27	e	e	PROPN
bae-3244	323	28	in	in	ADP
bae-3244	323	29	de	de	X
bae-3244	323	30	x	x	PROPN
bae-3244	323	31	months	month	NOUN
bae-3244	323	32	cbot	cbot	PROPN
bae-3244	323	33	matif	matif	PROPN
bae-3244	323	34	liffe	liffe	PROPN
bae-3244	323	35	source	source	PROPN
bae-3244	323	36	:	:	PUNCT
bae-3244	323	37	own	own	ADJ
bae-3244	323	38	calculation	calculation	NOUN
bae-3244	323	39	based	base	VERB
bae-3244	323	40	on	on	ADP
bae-3244	323	41	data	datum	NOUN
bae-3244	323	42	presented	present	VERB
bae-3244	323	43	in	in	ADP
bae-3244	323	44	section	section	NOUN
bae-3244	323	45	3.1	3.1	NUM
bae-3244	323	46	.	.	PUNCT
bae-3244	324	1	247european	247european	ADJ
bae-3244	324	2	commodity	commodity	NOUN
bae-3244	324	3	futures	future	NOUN
bae-3244	324	4	markets	market	NOUN
bae-3244	324	5	table	table	VERB
bae-3244	324	6	3	3	NUM
bae-3244	324	7	reports	report	VERB
bae-3244	324	8	the	the	DET
bae-3244	324	9	results	result	NOUN
bae-3244	324	10	from	from	ADP
bae-3244	324	11	implementing	implement	VERB
bae-3244	324	12	gray	gray	PROPN
bae-3244	324	13	’s	’s	PART
bae-3244	324	14	trading	trading	NOUN
bae-3244	324	15	routine	routine	NOUN
bae-3244	324	16	(	(	PUNCT
bae-3244	324	17	i.e.	i.e.	X
bae-3244	324	18	,	,	PUNCT
bae-3244	324	19	‘	'	PUNCT
bae-3244	324	20	long	long	ADJ
bae-3244	324	21	only	only	ADV
bae-3244	324	22	’	'	PUNCT
bae-3244	324	23	)	)	PUNCT
bae-3244	324	24	and	and	CCONJ
bae-3244	324	25	cootner	cootner	PROPN
bae-3244	324	26	’s	’s	PART
bae-3244	324	27	trading	trading	NOUN
bae-3244	324	28	routine	routine	NOUN
bae-3244	324	29	(	(	PUNCT
bae-3244	324	30	i.e.	i.e.	X
bae-3244	324	31	,	,	PUNCT
bae-3244	324	32	‘	'	PUNCT
bae-3244	324	33	long	long	ADJ
bae-3244	324	34	and	and	CCONJ
bae-3244	324	35	short	short	ADJ
bae-3244	324	36	’	'	PUNCT
bae-3244	324	37	)	)	PUNCT
bae-3244	324	38	.	.	PUNCT
bae-3244	325	1	the	the	DET
bae-3244	325	2	table	table	NOUN
bae-3244	325	3	shows	show	VERB
bae-3244	325	4	the	the	DET
bae-3244	325	5	average	average	ADJ
bae-3244	325	6	profits	profit	NOUN
bae-3244	325	7	per	per	ADP
bae-3244	325	8	trade	trade	NOUN
bae-3244	325	9	that	that	PRON
bae-3244	325	10	could	could	AUX
bae-3244	325	11	be	be	AUX
bae-3244	325	12	earned	earn	VERB
bae-3244	325	13	,	,	PUNCT
bae-3244	325	14	before	before	ADP
bae-3244	325	15	brokerage	brokerage	NOUN
bae-3244	325	16	fees	fee	NOUN
bae-3244	325	17	.	.	PUNCT
bae-3244	326	1	cootner	cootner	PROPN
bae-3244	326	2	’s	’s	PART
bae-3244	326	3	routine	routine	PROPN
bae-3244	326	4	shows	show	VERB
bae-3244	326	5	profits	profit	NOUN
bae-3244	326	6	higher	high	ADJ
bae-3244	326	7	than	than	ADP
bae-3244	326	8	gray	gray	ADJ
bae-3244	326	9	’s	’s	PART
bae-3244	326	10	routine	routine	NOUN
bae-3244	326	11	for	for	ADP
bae-3244	326	12	all	all	DET
bae-3244	326	13	the	the	DET
bae-3244	326	14	markets	market	NOUN
bae-3244	326	15	.	.	PUNCT
bae-3244	327	1	table	table	NOUN
bae-3244	327	2	3	3	NUM
bae-3244	327	3	.	.	PUNCT
bae-3244	328	1	results	result	NOUN
bae-3244	328	2	of	of	ADP
bae-3244	328	3	trading	trading	NOUN
bae-3244	328	4	routines	routine	NOUN
bae-3244	328	5	in	in	ADP
bae-3244	328	6	wheat	wheat	NOUN
bae-3244	328	7	futures	future	NOUN
bae-3244	328	8	.	.	PUNCT
bae-3244	329	1	exchange	exchange	NOUN
bae-3244	329	2	speculative	speculative	ADJ
bae-3244	329	3	market	market	NOUN
bae-3244	329	4	position	position	NOUN
bae-3244	329	5	dates	date	VERB
bae-3244	329	6	price	price	NOUN
bae-3244	329	7	at	at	ADP
bae-3244	329	8	beginning	begin	VERB
bae-3244	329	9	and	and	CCONJ
bae-3244	329	10	ending	end	VERB
bae-3244	329	11	dates	date	VERB
bae-3244	329	12	number	number	NOUN
bae-3244	329	13	of	of	ADP
bae-3244	329	14	trades	trade	NOUN
bae-3244	329	15	average	average	ADJ
bae-3244	329	16	profit	profit	NOUN
bae-3244	329	17	/	/	SYM
bae-3244	329	18	loss	loss	NOUN
bae-3244	329	19	per	per	ADP
bae-3244	329	20	trade	trade	NOUN
bae-3244	329	21	t	t	PROPN
bae-3244	329	22	-	-	PUNCT
bae-3244	329	23	ratio	ratio	NOUN
bae-3244	329	24	liffe	liffe	PROPN
bae-3244	329	25	long	long	ADV
bae-3244	330	1	only	only	ADV
bae-3244	330	2	1/11/89	1/11/89	NUM
bae-3244	330	3	-1/03/12	-1/03/12	PUNCT
bae-3244	330	4	£	£	SYM
bae-3244	330	5	/t	/t	NOUN
bae-3244	330	6	.	.	PUNCT
bae-3244	331	1	110.5	110.5	NUM
bae-3244	331	2	-	-	SYM
bae-3244	331	3	164.8	164.8	NUM
bae-3244	331	4	112.00	112.00	NUM
bae-3244	331	5	£	£	SYM
bae-3244	331	6	/t	/t	NOUN
bae-3244	331	7	.	.	PUNCT
bae-3244	332	1	-1.01	-1.01	NUM
bae-3244	332	2	-0.06	-0.06	PROPN
bae-3244	332	3	liffe	liffe	PROPN
bae-3244	332	4	long	long	PROPN
bae-3244	332	5	and	and	CCONJ
bae-3244	332	6	short	short	ADJ
bae-3244	332	7	1/11/94	1/11/94	NUM
bae-3244	332	8	–	–	PUNCT
bae-3244	332	9	1/11/11	1/11/11	NUM
bae-3244	332	10	£	£	SYM
bae-3244	332	11	/t	/t	NOUN
bae-3244	332	12	.	.	PUNCT
bae-3244	333	1	107.1	107.1	NUM
bae-3244	333	2	-	-	SYM
bae-3244	333	3	147.8	147.8	NUM
bae-3244	333	4	102.00	102.00	NUM
bae-3244	333	5	£	£	SYM
bae-3244	333	6	/t	/t	NOUN
bae-3244	333	7	.	.	PUNCT
bae-3244	334	1	0.39	0.39	NUM
bae-3244	334	2	0.03	0.03	NUM
bae-3244	334	3	matif	matif	NOUN
bae-3244	334	4	long	long	ADJ
bae-3244	334	5	only	only	ADV
bae-3244	334	6	1/09/98	1/09/98	NUM
bae-3244	334	7	–	–	PUNCT
bae-3244	334	8	1/03/12	1/03/12	NUM
bae-3244	334	9	€	€	NUM
bae-3244	334	10	/t	/t	NOUN
bae-3244	334	11	.	.	PUNCT
bae-3244	335	1	118.9	118.9	NUM
bae-3244	335	2	-	-	SYM
bae-3244	335	3	214.5	214.5	NUM
bae-3244	335	4	73.00	73.00	NUM
bae-3244	335	5	€	€	NOUN
bae-3244	335	6	/t	/t	NOUN
bae-3244	335	7	.	.	PUNCT
bae-3244	336	1	2.36	2.36	NUM
bae-3244	336	2	0.11	0.11	NUM
bae-3244	336	3	matif	matif	NOUN
bae-3244	336	4	long	long	ADJ
bae-3244	336	5	and	and	CCONJ
bae-3244	336	6	short	short	ADJ
bae-3244	336	7	2/11/98	2/11/98	NUM
bae-3244	336	8	–	–	PUNCT
bae-3244	336	9	1/11/12	1/11/12	NUM
bae-3244	336	10	€	€	NUM
bae-3244	336	11	/t.124.3	/t.124.3	PROPN
bae-3244	336	12	-	-	PUNCT
bae-3244	336	13	187.8	187.8	NUM
bae-3244	336	14	78.00	78.00	NUM
bae-3244	336	15	€	€	NOUN
bae-3244	336	16	/t	/t	NOUN
bae-3244	336	17	.	.	PUNCT
bae-3244	337	1	2.74	2.74	NUM
bae-3244	337	2	0.14	0.14	NUM
bae-3244	337	3	cbot	cbot	PROPN
bae-3244	337	4	long	long	ADV
bae-3244	337	5	only	only	ADV
bae-3244	337	6	1/03/88	1/03/88	NUM
bae-3244	337	7	–	–	PUNCT
bae-3244	337	8	1/03/12	1/03/12	NUM
bae-3244	337	9	$	$	SYM
bae-3244	337	10	/bu	/bu	NOUN
bae-3244	337	11	.	.	PUNCT
bae-3244	338	1	3.2	3.2	NUM
bae-3244	338	2	-	-	SYM
bae-3244	338	3	6.6	6.6	NUM
bae-3244	338	4	120.00	120.00	NUM
bae-3244	338	5	$	$	SYM
bae-3244	338	6	/bu	/bu	NOUN
bae-3244	338	7	.	.	PUNCT
bae-3244	339	1	-0.06	-0.06	PROPN
bae-3244	339	2	-0.08	-0.08	NUM
bae-3244	339	3	cbot	cbot	PROPN
bae-3244	339	4	long	long	ADJ
bae-3244	339	5	and	and	CCONJ
bae-3244	339	6	short	short	ADJ
bae-3244	339	7	1/03/88	1/03/88	NUM
bae-3244	339	8	–	–	PUNCT
bae-3244	339	9	1/12/11	1/12/11	NUM
bae-3244	339	10	$	$	SYM
bae-3244	339	11	/bu	/bu	NOUN
bae-3244	339	12	.	.	PUNCT
bae-3244	340	1	3.2	3.2	NUM
bae-3244	340	2	-	-	SYM
bae-3244	340	3	6.0	6.0	NUM
bae-3244	340	4	143.00	143.00	NUM
bae-3244	340	5	$	$	SYM
bae-3244	340	6	/bu	/bu	NOUN
bae-3244	340	7	.	.	PUNCT
bae-3244	341	1	0.06	0.06	NUM
bae-3244	341	2	0.10	0.10	NUM
bae-3244	341	3	source	source	NOUN
bae-3244	341	4	:	:	PUNCT
bae-3244	341	5	own	own	ADJ
bae-3244	341	6	calculation	calculation	NOUN
bae-3244	341	7	based	base	VERB
bae-3244	341	8	on	on	ADP
bae-3244	341	9	data	datum	NOUN
bae-3244	341	10	presented	present	VERB
bae-3244	341	11	in	in	ADP
bae-3244	341	12	section	section	NOUN
bae-3244	341	13	3.1	3.1	NUM
bae-3244	341	14	.	.	PUNCT
bae-3244	342	1	note	note	NOUN
bae-3244	342	2	:	:	PUNCT
bae-3244	342	3	”	"	PUNCT
bae-3244	342	4	long	long	ADJ
bae-3244	342	5	only	only	ADV
bae-3244	342	6	”	"	PUNCT
bae-3244	342	7	refers	refer	VERB
bae-3244	342	8	to	to	ADP
bae-3244	342	9	gray	gray	VERB
bae-3244	342	10	’s	’s	PART
bae-3244	342	11	trading	trading	NOUN
bae-3244	342	12	routine	routine	NOUN
bae-3244	342	13	and	and	CCONJ
bae-3244	342	14	“	"	PUNCT
bae-3244	342	15	long	long	ADJ
bae-3244	342	16	and	and	CCONJ
bae-3244	342	17	short	short	ADJ
bae-3244	342	18	”	"	PUNCT
bae-3244	342	19	to	to	ADP
bae-3244	342	20	cootner	cootner	PROPN
bae-3244	342	21	’s	’s	PART
bae-3244	342	22	trading	trading	NOUN
bae-3244	342	23	routine	routine	NOUN
bae-3244	342	24	.	.	PUNCT
bae-3244	343	1	while	while	SCONJ
bae-3244	343	2	in	in	ADP
bae-3244	343	3	cbot	cbot	PROPN
bae-3244	343	4	and	and	CCONJ
bae-3244	343	5	liffe	liffe	PROPN
bae-3244	343	6	markets	market	VERB
bae-3244	343	7	the	the	DET
bae-3244	343	8	gray	gray	NOUN
bae-3244	343	9	’s	’s	PART
bae-3244	343	10	routine	routine	ADJ
bae-3244	343	11	show	show	NOUN
bae-3244	343	12	losses	loss	NOUN
bae-3244	343	13	,	,	PUNCT
bae-3244	343	14	cootner	cootner	PROPN
bae-3244	343	15	’s	’s	PART
bae-3244	343	16	routine	routine	NOUN
bae-3244	343	17	in	in	ADP
bae-3244	343	18	those	those	DET
bae-3244	343	19	markets	market	NOUN
bae-3244	343	20	resulted	result	VERB
bae-3244	343	21	in	in	ADP
bae-3244	343	22	profits	profit	NOUN
bae-3244	343	23	.	.	PUNCT
bae-3244	344	1	in	in	ADP
bae-3244	344	2	the	the	DET
bae-3244	344	3	matif	matif	ADJ
bae-3244	344	4	market	market	NOUN
bae-3244	344	5	,	,	PUNCT
bae-3244	344	6	both	both	DET
bae-3244	344	7	routines	routine	NOUN
bae-3244	344	8	showed	show	VERB
bae-3244	344	9	a	a	DET
bae-3244	344	10	profit	profit	NOUN
bae-3244	344	11	(	(	PUNCT
bae-3244	344	12	slightly	slightly	ADV
bae-3244	344	13	higher	high	ADJ
bae-3244	344	14	in	in	ADP
bae-3244	344	15	the	the	DET
bae-3244	344	16	case	case	NOUN
bae-3244	344	17	of	of	ADP
bae-3244	344	18	cootner	cootner	NOUN
bae-3244	344	19	’s	’s	PART
bae-3244	344	20	(	(	PUNCT
bae-3244	344	21	€	€	SYM
bae-3244	344	22	2.74	2.74	NUM
bae-3244	344	23	)	)	PUNCT
bae-3244	344	24	than	than	SCONJ
bae-3244	344	25	gray	gray	ADJ
bae-3244	344	26	’s	’s	ADV
bae-3244	344	27	(	(	PUNCT
bae-3244	344	28	€	€	SYM
bae-3244	344	29	2.36	2.36	NUM
bae-3244	344	30	)	)	PUNCT
bae-3244	344	31	)	)	PUNCT
bae-3244	344	32	.	.	PUNCT
bae-3244	345	1	however	however	ADV
bae-3244	345	2	,	,	PUNCT
bae-3244	345	3	it	it	PRON
bae-3244	345	4	should	should	AUX
bae-3244	345	5	ne	ne	PROPN
bae-3244	345	6	noted	note	VERB
bae-3244	345	7	that	that	SCONJ
bae-3244	345	8	in	in	ADP
bae-3244	345	9	none	none	NOUN
bae-3244	345	10	of	of	ADP
bae-3244	345	11	the	the	DET
bae-3244	345	12	cases	case	NOUN
bae-3244	345	13	the	the	DET
bae-3244	345	14	average	average	ADJ
bae-3244	345	15	profits	profit	NOUN
bae-3244	345	16	were	be	AUX
bae-3244	345	17	statistically	statistically	ADV
bae-3244	345	18	different	different	ADJ
bae-3244	345	19	from	from	ADP
bae-3244	345	20	zero	zero	NUM
bae-3244	345	21	(	(	PUNCT
bae-3244	345	22	using	use	VERB
bae-3244	345	23	a	a	DET
bae-3244	345	24	t	t	NOUN
bae-3244	345	25	student	student	NOUN
bae-3244	345	26	test	test	NOUN
bae-3244	345	27	)	)	PUNCT
bae-3244	345	28	at	at	ADP
bae-3244	345	29	95	95	NUM
bae-3244	345	30	per	per	ADP
bae-3244	345	31	cent	cent	NOUN
bae-3244	345	32	significance	significance	NOUN
bae-3244	345	33	.	.	PUNCT
bae-3244	346	1	therefore	therefore	ADV
bae-3244	346	2	,	,	PUNCT
bae-3244	346	3	conclusion	conclusion	NOUN
bae-3244	346	4	from	from	ADP
bae-3244	346	5	table	table	NOUN
bae-3244	346	6	3	3	NUM
bae-3244	346	7	is	be	AUX
bae-3244	346	8	that	that	SCONJ
bae-3244	346	9	none	none	NOUN
bae-3244	346	10	of	of	ADP
bae-3244	346	11	markets	market	NOUN
bae-3244	346	12	show	show	VERB
bae-3244	346	13	a	a	DET
bae-3244	346	14	systematic	systematic	ADJ
bae-3244	346	15	bias	bias	NOUN
bae-3244	346	16	in	in	ADP
bae-3244	346	17	favour	favour	NOUN
bae-3244	346	18	of	of	ADP
bae-3244	346	19	speculators	speculator	NOUN
bae-3244	346	20	.	.	PUNCT
bae-3244	347	1	4.1.3	4.1.3	NUM
bae-3244	347	2	forecasting	forecasting	NOUN
bae-3244	347	3	ability	ability	NOUN
bae-3244	347	4	analysis	analysis	NOUN
bae-3244	347	5	with	with	ADP
bae-3244	347	6	respect	respect	NOUN
bae-3244	347	7	to	to	ADP
bae-3244	347	8	the	the	DET
bae-3244	347	9	forecasting	forecasting	NOUN
bae-3244	347	10	ability	ability	NOUN
bae-3244	347	11	of	of	ADP
bae-3244	347	12	the	the	DET
bae-3244	347	13	futures	future	NOUN
bae-3244	347	14	markets	market	NOUN
bae-3244	347	15	,	,	PUNCT
bae-3244	347	16	figure	figure	VERB
bae-3244	347	17	8	8	NUM
bae-3244	347	18	presents	present	VERB
bae-3244	347	19	the	the	DET
bae-3244	347	20	results	result	NOUN
bae-3244	347	21	of	of	ADP
bae-3244	347	22	the	the	DET
bae-3244	347	23	analysis	analysis	NOUN
bae-3244	347	24	(	(	PUNCT
bae-3244	347	25	i.e.	i.e.	X
bae-3244	347	26	,	,	PUNCT
bae-3244	347	27	in	in	ADP
bae-3244	347	28	terms	term	NOUN
bae-3244	347	29	of	of	ADP
bae-3244	347	30	the	the	DET
bae-3244	347	31	forecasting	forecasting	NOUN
bae-3244	347	32	errors	error	NOUN
bae-3244	347	33	)	)	PUNCT
bae-3244	347	34	.	.	PUNCT
bae-3244	348	1	it	it	PRON
bae-3244	348	2	shows	show	VERB
bae-3244	348	3	that	that	SCONJ
bae-3244	348	4	the	the	DET
bae-3244	348	5	prediction	prediction	NOUN
bae-3244	348	6	power	power	NOUN
bae-3244	348	7	in	in	ADP
bae-3244	348	8	all	all	DET
bae-3244	348	9	the	the	DET
bae-3244	348	10	markets6	markets6	NOUN
bae-3244	348	11	was	be	AUX
bae-3244	348	12	between	between	ADP
bae-3244	348	13	60	60	NUM
bae-3244	348	14	and	and	CCONJ
bae-3244	348	15	70	70	NUM
bae-3244	348	16	per	per	ADP
bae-3244	348	17	cent	cent	NOUN
bae-3244	348	18	when	when	SCONJ
bae-3244	348	19	the	the	DET
bae-3244	348	20	entire	entire	ADJ
bae-3244	348	21	sample	sample	NOUN
bae-3244	348	22	is	be	AUX
bae-3244	348	23	considered	consider	VERB
bae-3244	348	24	(	(	PUNCT
bae-3244	348	25	first	first	ADV
bae-3244	348	26	set	set	NOUN
bae-3244	348	27	of	of	ADP
bae-3244	348	28	columns	column	NOUN
bae-3244	348	29	in	in	ADP
bae-3244	348	30	figure	figure	NOUN
bae-3244	348	31	8)	8)	NUM
bae-3244	348	32	.	.	PUNCT
bae-3244	349	1	if	if	SCONJ
bae-3244	349	2	the	the	DET
bae-3244	349	3	sample	sample	NOUN
bae-3244	349	4	period	period	NOUN
bae-3244	349	5	is	be	AUX
bae-3244	349	6	broken	break	VERB
bae-3244	349	7	down	down	ADP
bae-3244	349	8	into	into	ADP
bae-3244	349	9	19892005	19892005	NUM
bae-3244	349	10	and	and	CCONJ
bae-3244	349	11	2006	2006	NUM
bae-3244	349	12	-	-	SYM
bae-3244	349	13	11	11	NUM
bae-3244	349	14	,	,	PUNCT
bae-3244	349	15	it	it	PRON
bae-3244	349	16	is	be	AUX
bae-3244	349	17	clear	clear	ADJ
bae-3244	349	18	that	that	SCONJ
bae-3244	349	19	the	the	DET
bae-3244	349	20	prediction	prediction	NOUN
bae-3244	349	21	errors	error	NOUN
bae-3244	349	22	worsen	worsen	VERB
bae-3244	349	23	during	during	ADP
bae-3244	349	24	the	the	DET
bae-3244	349	25	period	period	NOUN
bae-3244	349	26	2006	2006	NUM
bae-3244	349	27	-	-	SYM
bae-3244	349	28	11	11	NUM
bae-3244	349	29	.	.	PUNCT
bae-3244	350	1	on	on	ADP
bae-3244	350	2	the	the	DET
bae-3244	350	3	possible	possible	ADJ
bae-3244	350	4	bias	bias	NOUN
bae-3244	350	5	of	of	ADP
bae-3244	350	6	the	the	DET
bae-3244	350	7	errors	error	NOUN
bae-3244	350	8	,	,	PUNCT
bae-3244	350	9	figures	figure	NOUN
bae-3244	350	10	9	9	NUM
bae-3244	350	11	to	to	PART
bae-3244	350	12	11	11	NUM
bae-3244	350	13	show	show	VERB
bae-3244	350	14	that	that	SCONJ
bae-3244	350	15	the	the	DET
bae-3244	350	16	sign	sign	NOUN
bae-3244	350	17	of	of	ADP
bae-3244	350	18	the	the	DET
bae-3244	350	19	errors	error	NOUN
bae-3244	350	20	were	be	AUX
bae-3244	350	21	both	both	ADV
bae-3244	350	22	positive	positive	ADJ
bae-3244	350	23	and	and	CCONJ
bae-3244	350	24	negative	negative	ADJ
bae-3244	350	25	without	without	ADP
bae-3244	350	26	indicating	indicate	VERB
bae-3244	350	27	any	any	DET
bae-3244	350	28	clear	clear	ADJ
bae-3244	350	29	bias	bias	NOUN
bae-3244	350	30	.	.	PUNCT
bae-3244	351	1	6	6	NUM
bae-3244	351	2	for	for	ADP
bae-3244	351	3	the	the	DET
bae-3244	351	4	matif	matif	PROPN
bae-3244	351	5	exchange	exchange	NOUN
bae-3244	351	6	,	,	PUNCT
bae-3244	351	7	the	the	DET
bae-3244	351	8	prediction	prediction	NOUN
bae-3244	351	9	test	test	NOUN
bae-3244	351	10	was	be	AUX
bae-3244	351	11	carried	carry	VERB
bae-3244	351	12	out	out	ADP
bae-3244	351	13	considering	consider	VERB
bae-3244	351	14	the	the	DET
bae-3244	351	15	spot	spot	NOUN
bae-3244	351	16	prices	price	NOUN
bae-3244	351	17	from	from	ADP
bae-3244	351	18	the	the	DET
bae-3244	351	19	rouen	rouen	NOUN
bae-3244	351	20	market	market	NOUN
bae-3244	351	21	.	.	PUNCT
bae-3244	352	1	248	248	NUM
bae-3244	352	2	c.	c.	PROPN
bae-3244	352	3	revoredo	revoredo	PROPN
bae-3244	352	4	-	-	PUNCT
bae-3244	352	5	giha	giha	PROPN
bae-3244	352	6	,	,	PUNCT
bae-3244	352	7	m.	m.	NOUN
bae-3244	352	8	zuppiroli	zuppiroli	NOUN
bae-3244	352	9	figure	figure	VERB
bae-3244	352	10	8	8	NUM
bae-3244	352	11	.	.	PUNCT
bae-3244	353	1	coefficient	coefficient	NOUN
bae-3244	353	2	of	of	ADP
bae-3244	353	3	variation	variation	NOUN
bae-3244	353	4	of	of	ADP
bae-3244	353	5	the	the	DET
bae-3244	353	6	prediction	prediction	NOUN
bae-3244	353	7	errors	error	NOUN
bae-3244	353	8	.	.	PUNCT
bae-3244	354	1	source	source	NOUN
bae-3244	354	2	:	:	PUNCT
bae-3244	354	3	own	own	ADJ
bae-3244	354	4	calculation	calculation	NOUN
bae-3244	354	5	based	base	VERB
bae-3244	354	6	on	on	ADP
bae-3244	354	7	data	datum	NOUN
bae-3244	354	8	presented	present	VERB
bae-3244	354	9	in	in	ADP
bae-3244	354	10	section	section	NOUN
bae-3244	354	11	3.1	3.1	NUM
bae-3244	354	12	.	.	PUNCT
bae-3244	355	1	note	note	NOUN
bae-3244	355	2	:	:	PUNCT
bae-3244	355	3	data	datum	NOUN
bae-3244	355	4	for	for	ADP
bae-3244	355	5	matif	matif	ADJ
bae-3244	355	6	exchange	exchange	NOUN
bae-3244	355	7	are	be	AUX
bae-3244	355	8	available	available	ADJ
bae-3244	355	9	since	since	SCONJ
bae-3244	355	10	year	year	NOUN
bae-3244	355	11	1999	1999	NUM
bae-3244	355	12	instead	instead	ADV
bae-3244	355	13	of	of	ADP
bae-3244	355	14	1989	1989	NUM
bae-3244	355	15	.	.	PUNCT
bae-3244	356	1	figure	figure	NOUN
bae-3244	356	2	9	9	NUM
bae-3244	356	3	.	.	PUNCT
bae-3244	357	1	cbot	cbot	PROPN
bae-3244	357	2	–	–	PUNCT
bae-3244	357	3	forecasting	forecast	VERB
bae-3244	357	4	errors	error	NOUN
bae-3244	357	5	of	of	ADP
bae-3244	357	6	futures	future	NOUN
bae-3244	357	7	markets	market	NOUN
bae-3244	357	8	by	by	ADP
bae-3244	357	9	contract	contract	NOUN
bae-3244	357	10	.	.	PUNCT
bae-3244	358	1	-400.0	-400.0	INTJ
bae-3244	358	2	-300.0	-300.0	ADJ
bae-3244	358	3	-200.0	-200.0	PROPN
bae-3244	358	4	-100.0	-100.0	PROPN
bae-3244	358	5	0.0	0.0	NUM
bae-3244	358	6	100.0	100.0	NUM
bae-3244	358	7	200.0	200.0	NUM
bae-3244	358	8	300.0	300.0	NUM
bae-3244	358	9	400.0	400.0	NUM
bae-3244	358	10	500.0	500.0	NUM
bae-3244	358	11	600.0	600.0	NUM
bae-3244	358	12	se	se	X
bae-3244	359	1	p	p	PROPN
bae-3244	359	2	89	89	NUM
bae-3244	359	3	se	se	X
bae-3244	359	4	p	p	PROPN
bae-3244	359	5	90	90	NUM
bae-3244	359	6	se	se	PROPN
bae-3244	359	7	p	p	PROPN
bae-3244	359	8	91	91	NUM
bae-3244	359	9	se	se	X
bae-3244	359	10	p	p	PROPN
bae-3244	359	11	92	92	NUM
bae-3244	359	12	se	se	NOUN
bae-3244	359	13	p	p	PROPN
bae-3244	359	14	93	93	NUM
bae-3244	359	15	se	se	X
bae-3244	359	16	p	p	PROPN
bae-3244	359	17	94	94	NUM
bae-3244	359	18	se	se	X
bae-3244	359	19	p	p	PROPN
bae-3244	359	20	95	95	NUM
bae-3244	359	21	se	se	X
bae-3244	359	22	p	p	PROPN
bae-3244	359	23	96	96	NUM
bae-3244	359	24	se	se	PROPN
bae-3244	359	25	p	p	PROPN
bae-3244	359	26	97	97	NUM
bae-3244	359	27	se	se	PROPN
bae-3244	359	28	p	p	PROPN
bae-3244	359	29	98	98	NUM
bae-3244	359	30	se	se	X
bae-3244	359	31	p	p	PROPN
bae-3244	359	32	99	99	NUM
bae-3244	359	33	se	se	PROPN
bae-3244	359	34	p	p	PROPN
bae-3244	359	35	00	00	PROPN
bae-3244	359	36	se	se	PROPN
bae-3244	360	1	p	p	PROPN
bae-3244	360	2	01	01	NUM
bae-3244	360	3	se	se	PROPN
bae-3244	360	4	p	p	PROPN
bae-3244	360	5	02	02	NUM
bae-3244	360	6	se	se	PROPN
bae-3244	360	7	p	p	PROPN
bae-3244	360	8	03	03	NUM
bae-3244	360	9	se	se	PROPN
bae-3244	360	10	p	p	PROPN
bae-3244	360	11	04	04	NUM
bae-3244	360	12	se	se	PROPN
bae-3244	361	1	p	p	PROPN
bae-3244	361	2	05	05	NUM
bae-3244	361	3	se	se	PROPN
bae-3244	361	4	p	p	PROPN
bae-3244	362	1	06	06	NUM
bae-3244	362	2	se	se	PROPN
bae-3244	362	3	p	p	PROPN
bae-3244	362	4	07	07	NUM
bae-3244	362	5	se	se	PROPN
bae-3244	362	6	p	p	PROPN
bae-3244	362	7	08	08	NUM
bae-3244	362	8	se	se	PROPN
bae-3244	362	9	p	p	PROPN
bae-3244	362	10	09	09	NUM
bae-3244	362	11	se	se	PROPN
bae-3244	362	12	p	p	PROPN
bae-3244	362	13	10	10	NUM
bae-3244	362	14	se	se	X
bae-3244	362	15	p	p	PROPN
bae-3244	362	16	11	11	NUM
bae-3244	362	17	us	us	PROPN
bae-3244	362	18	c	c	X
bae-3244	362	19	en	en	X
bae-3244	362	20	ts	ts	ADV
bae-3244	362	21	/	/	SYM
bae-3244	362	22	bu	bu	VERB
bae-3244	362	23	sh	sh	PROPN
bae-3244	362	24	el	el	PROPN
bae-3244	362	25	source	source	PROPN
bae-3244	362	26	:	:	PUNCT
bae-3244	362	27	own	own	ADJ
bae-3244	362	28	calculation	calculation	NOUN
bae-3244	362	29	based	base	VERB
bae-3244	362	30	on	on	ADP
bae-3244	362	31	data	datum	NOUN
bae-3244	362	32	presented	present	VERB
bae-3244	362	33	in	in	ADP
bae-3244	362	34	section	section	NOUN
bae-3244	362	35	3.1	3.1	NUM
bae-3244	362	36	.	.	PUNCT
bae-3244	363	1	249european	249european	ADJ
bae-3244	363	2	commodity	commodity	NOUN
bae-3244	363	3	futures	future	NOUN
bae-3244	363	4	markets	market	NOUN
bae-3244	363	5	figure	figure	VERB
bae-3244	363	6	10	10	NUM
bae-3244	363	7	.	.	PUNCT
bae-3244	364	1	liffe	liffe	PROPN
bae-3244	364	2	–	–	PUNCT
bae-3244	364	3	forecasting	forecast	VERB
bae-3244	364	4	errors	error	NOUN
bae-3244	364	5	of	of	ADP
bae-3244	364	6	futures	future	NOUN
bae-3244	364	7	markets	market	NOUN
bae-3244	364	8	by	by	ADP
bae-3244	364	9	contract	contract	NOUN
bae-3244	364	10	.	.	PUNCT
bae-3244	365	1	-80.0	-80.0	PRON
bae-3244	365	2	-60.0	-60.0	NOUN
bae-3244	366	1	-40.0	-40.0	NUM
bae-3244	367	1	-20.0	-20.0	NOUN
bae-3244	367	2	0.0	0.0	NUM
bae-3244	367	3	20.0	20.0	NUM
bae-3244	367	4	40.0	40.0	NUM
bae-3244	367	5	n	n	NOUN
bae-3244	367	6	ov	ov	NUM
bae-3244	367	7	8	8	NUM
bae-3244	367	8	9	9	NUM
bae-3244	367	9	n	n	NUM
bae-3244	367	10	ov	ov	VERB
bae-3244	367	11	9	9	NUM
bae-3244	367	12	0	0	NUM
bae-3244	368	1	n	n	NUM
bae-3244	368	2	ov	ov	INTJ
bae-3244	368	3	9	9	NUM
bae-3244	368	4	1	1	NUM
bae-3244	368	5	n	n	NUM
bae-3244	368	6	ov	ov	INTJ
bae-3244	368	7	9	9	NUM
bae-3244	368	8	2	2	NUM
bae-3244	368	9	n	n	NUM
bae-3244	368	10	ov	ov	VERB
bae-3244	368	11	9	9	NUM
bae-3244	368	12	3	3	NUM
bae-3244	368	13	n	n	NOUN
bae-3244	368	14	ov	ov	VERB
bae-3244	368	15	9	9	NUM
bae-3244	368	16	4	4	NUM
bae-3244	368	17	n	n	NOUN
bae-3244	368	18	ov	ov	VERB
bae-3244	368	19	9	9	NUM
bae-3244	368	20	5	5	NUM
bae-3244	368	21	n	n	NUM
bae-3244	368	22	ov	ov	VERB
bae-3244	368	23	9	9	NUM
bae-3244	368	24	6	6	NUM
bae-3244	368	25	n	n	NUM
bae-3244	368	26	ov	ov	VERB
bae-3244	368	27	9	9	NUM
bae-3244	368	28	7	7	NUM
bae-3244	368	29	n	n	NUM
bae-3244	368	30	ov	ov	VERB
bae-3244	368	31	9	9	NUM
bae-3244	368	32	8	8	NUM
bae-3244	368	33	n	n	NUM
bae-3244	368	34	ov	ov	VERB
bae-3244	368	35	9	9	NUM
bae-3244	368	36	9	9	NUM
bae-3244	368	37	n	n	NUM
bae-3244	368	38	ov	ov	VERB
bae-3244	368	39	0	0	NUM
bae-3244	368	40	0	0	NUM
bae-3244	369	1	n	n	NUM
bae-3244	369	2	ov	ov	VERB
bae-3244	369	3	0	0	NUM
bae-3244	369	4	1	1	NUM
bae-3244	369	5	n	n	NUM
bae-3244	369	6	ov	ov	VERB
bae-3244	369	7	0	0	NUM
bae-3244	369	8	2	2	NUM
bae-3244	369	9	n	n	NUM
bae-3244	369	10	ov	ov	VERB
bae-3244	369	11	0	0	NUM
bae-3244	369	12	3	3	NUM
bae-3244	369	13	n	n	NUM
bae-3244	369	14	ov	ov	VERB
bae-3244	369	15	0	0	NUM
bae-3244	369	16	4	4	NUM
bae-3244	369	17	n	n	NUM
bae-3244	369	18	ov	ov	VERB
bae-3244	369	19	0	0	NUM
bae-3244	369	20	5	5	NUM
bae-3244	369	21	n	n	SYM
bae-3244	369	22	ov	ov	VERB
bae-3244	369	23	0	0	NUM
bae-3244	369	24	6	6	NUM
bae-3244	369	25	n	n	NUM
bae-3244	369	26	ov	ov	VERB
bae-3244	369	27	0	0	NUM
bae-3244	369	28	7	7	NUM
bae-3244	369	29	n	n	NUM
bae-3244	369	30	ov	ov	VERB
bae-3244	369	31	0	0	NUM
bae-3244	369	32	8	8	NUM
bae-3244	369	33	n	n	NUM
bae-3244	369	34	ov	ov	VERB
bae-3244	369	35	0	0	NUM
bae-3244	369	36	9	9	NUM
bae-3244	370	1	n	n	NUM
bae-3244	370	2	ov	ov	VERB
bae-3244	370	3	1	1	NUM
bae-3244	370	4	0	0	NUM
bae-3244	370	5	n	n	NUM
bae-3244	370	6	ov	ov	INTJ
bae-3244	370	7	1	1	NUM
bae-3244	370	8	1	1	NUM
bae-3244	370	9	g	g	NOUN
bae-3244	370	10	b	b	PROPN
bae-3244	370	11	p	p	PROPN
bae-3244	370	12	/	/	SYM
bae-3244	370	13	t	t	PROPN
bae-3244	370	14	on	on	ADP
bae-3244	370	15	ne	ne	PROPN
bae-3244	370	16	source	source	NOUN
bae-3244	370	17	:	:	PUNCT
bae-3244	370	18	own	own	ADJ
bae-3244	370	19	calculation	calculation	NOUN
bae-3244	370	20	based	base	VERB
bae-3244	370	21	on	on	ADP
bae-3244	370	22	data	datum	NOUN
bae-3244	370	23	presented	present	VERB
bae-3244	370	24	in	in	ADP
bae-3244	370	25	section	section	NOUN
bae-3244	370	26	3.1	3.1	NUM
bae-3244	370	27	.	.	PUNCT
bae-3244	370	28	figure	figure	NOUN
bae-3244	370	29	11	11	NUM
bae-3244	370	30	.	.	PUNCT
bae-3244	371	1	matif	matif	ADJ
bae-3244	371	2	–	–	PUNCT
bae-3244	371	3	forecasting	forecast	VERB
bae-3244	371	4	errors	error	NOUN
bae-3244	371	5	of	of	ADP
bae-3244	371	6	futures	future	NOUN
bae-3244	371	7	markets	market	NOUN
bae-3244	371	8	by	by	ADP
bae-3244	371	9	contract	contract	NOUN
bae-3244	371	10	.	.	PUNCT
bae-3244	372	1	-200.0	-200.0	PROPN
bae-3244	372	2	-150.0	-150.0	PROPN
bae-3244	373	1	-100.0	-100.0	PROPN
bae-3244	373	2	-50.0	-50.0	NOUN
bae-3244	373	3	0.0	0.0	NUM
bae-3244	373	4	50.0	50.0	NUM
bae-3244	373	5	100.0	100.0	NUM
bae-3244	373	6	se	se	X
bae-3244	374	1	p	p	X
bae-3244	374	2	99	99	NUM
bae-3244	374	3	se	se	PROPN
bae-3244	374	4	p	p	PROPN
bae-3244	374	5	00	00	PROPN
bae-3244	374	6	se	se	PROPN
bae-3244	375	1	p	p	PROPN
bae-3244	375	2	01	01	NUM
bae-3244	375	3	se	se	PROPN
bae-3244	375	4	p	p	PROPN
bae-3244	375	5	02	02	NUM
bae-3244	375	6	se	se	PROPN
bae-3244	375	7	p	p	PROPN
bae-3244	375	8	03	03	NUM
bae-3244	375	9	se	se	PROPN
bae-3244	375	10	p	p	PROPN
bae-3244	375	11	04	04	NUM
bae-3244	375	12	se	se	PROPN
bae-3244	376	1	p	p	PROPN
bae-3244	376	2	05	05	NUM
bae-3244	376	3	se	se	PROPN
bae-3244	376	4	p	p	PROPN
bae-3244	376	5	06	06	NUM
bae-3244	376	6	se	se	PROPN
bae-3244	376	7	p	p	PROPN
bae-3244	376	8	07	07	NUM
bae-3244	376	9	n	n	NUM
bae-3244	376	10	ov	ov	VERB
bae-3244	376	11	0	0	NUM
bae-3244	376	12	8	8	NUM
bae-3244	376	13	n	n	NUM
bae-3244	376	14	ov	ov	VERB
bae-3244	376	15	0	0	NUM
bae-3244	376	16	9	9	NUM
bae-3244	376	17	n	n	NUM
bae-3244	376	18	ov	ov	VERB
bae-3244	376	19	1	1	NUM
bae-3244	376	20	0	0	NUM
bae-3244	377	1	n	n	NUM
bae-3244	377	2	ov	ov	INTJ
bae-3244	377	3	1	1	NUM
bae-3244	377	4	1	1	NUM
bae-3244	377	5	eu	eu	PROPN
bae-3244	377	6	ro	ro	PROPN
bae-3244	377	7	/	/	PUNCT
bae-3244	377	8	to	to	ADP
bae-3244	377	9	nn	nn	NUM
bae-3244	377	10	e	e	PRON
bae-3244	377	11	source	source	NOUN
bae-3244	377	12	:	:	PUNCT
bae-3244	377	13	own	own	ADJ
bae-3244	377	14	calculation	calculation	NOUN
bae-3244	377	15	based	base	VERB
bae-3244	377	16	on	on	ADP
bae-3244	377	17	data	datum	NOUN
bae-3244	377	18	presented	present	VERB
bae-3244	377	19	in	in	ADP
bae-3244	377	20	section	section	NOUN
bae-3244	377	21	3.1	3.1	NUM
bae-3244	377	22	.	.	PUNCT
bae-3244	378	1	note	note	NOUN
bae-3244	378	2	:	:	PUNCT
bae-3244	378	3	to	to	PART
bae-3244	378	4	evaluate	evaluate	VERB
bae-3244	378	5	matif	matif	ADJ
bae-3244	378	6	futures	future	NOUN
bae-3244	378	7	price	price	NOUN
bae-3244	378	8	forecasting	forecasting	NOUN
bae-3244	378	9	power	power	NOUN
bae-3244	378	10	,	,	PUNCT
bae-3244	378	11	spot	spot	NOUN
bae-3244	378	12	price	price	NOUN
bae-3244	378	13	from	from	ADP
bae-3244	378	14	rouen	rouen	PROPN
bae-3244	378	15	were	be	AUX
bae-3244	378	16	used	use	VERB
bae-3244	378	17	.	.	PUNCT
bae-3244	379	1	250	250	NUM
bae-3244	379	2	c.	c.	PROPN
bae-3244	379	3	revoredo	revoredo	PROPN
bae-3244	379	4	-	-	PUNCT
bae-3244	379	5	giha	giha	PROPN
bae-3244	379	6	,	,	PUNCT
bae-3244	379	7	m.	m.	NOUN
bae-3244	379	8	zuppiroli	zuppiroli	NOUN
bae-3244	379	9	4.2	4.2	NUM
bae-3244	379	10	results	result	NOUN
bae-3244	379	11	from	from	ADP
bae-3244	379	12	the	the	DET
bae-3244	379	13	hedging	hedging	NOUN
bae-3244	379	14	effectiveness	effectiveness	NOUN
bae-3244	379	15	analysis	analysis	NOUN
bae-3244	379	16	tables	table	NOUN
bae-3244	379	17	from	from	ADP
bae-3244	379	18	5	5	NUM
bae-3244	379	19	to	to	PART
bae-3244	379	20	9	9	NUM
bae-3244	379	21	provide	provide	VERB
bae-3244	379	22	the	the	DET
bae-3244	379	23	results	result	NOUN
bae-3244	379	24	of	of	ADP
bae-3244	379	25	the	the	DET
bae-3244	379	26	analysis	analysis	NOUN
bae-3244	379	27	of	of	ADP
bae-3244	379	28	the	the	DET
bae-3244	379	29	hedging	hedging	NOUN
bae-3244	379	30	effectiveness	effectiveness	NOUN
bae-3244	379	31	of	of	ADP
bae-3244	379	32	futures	future	NOUN
bae-3244	379	33	contracts	contract	NOUN
bae-3244	379	34	for	for	ADP
bae-3244	379	35	all	all	DET
bae-3244	379	36	the	the	DET
bae-3244	379	37	studied	studied	ADJ
bae-3244	379	38	markets	market	NOUN
bae-3244	379	39	.	.	PUNCT
bae-3244	380	1	as	as	SCONJ
bae-3244	380	2	mentioned	mention	VERB
bae-3244	380	3	different	different	ADJ
bae-3244	380	4	operators	operator	NOUN
bae-3244	380	5	along	along	ADP
bae-3244	380	6	the	the	DET
bae-3244	380	7	supply	supply	NOUN
bae-3244	380	8	chain	chain	NOUN
bae-3244	380	9	have	have	VERB
bae-3244	380	10	their	their	PRON
bae-3244	380	11	own	own	ADJ
bae-3244	380	12	particular	particular	ADJ
bae-3244	380	13	hedging	hedging	NOUN
bae-3244	380	14	needs	need	NOUN
bae-3244	380	15	and	and	CCONJ
bae-3244	380	16	this	this	PRON
bae-3244	380	17	was	be	AUX
bae-3244	380	18	taken	take	VERB
bae-3244	380	19	into	into	ADP
bae-3244	380	20	account	account	NOUN
bae-3244	380	21	by	by	ADP
bae-3244	380	22	considering	consider	VERB
bae-3244	380	23	different	different	ADJ
bae-3244	380	24	hedging	hedging	NOUN
bae-3244	380	25	lengths	length	NOUN
bae-3244	380	26	.	.	PUNCT
bae-3244	381	1	as	as	SCONJ
bae-3244	381	2	equations	equation	NOUN
bae-3244	381	3	(	(	PUNCT
bae-3244	381	4	1	1	NUM
bae-3244	381	5	)	)	PUNCT
bae-3244	381	6	and	and	CCONJ
bae-3244	381	7	(	(	PUNCT
bae-3244	381	8	2	2	X
bae-3244	381	9	)	)	PUNCT
bae-3244	381	10	were	be	AUX
bae-3244	381	11	estimated	estimate	VERB
bae-3244	381	12	using	use	VERB
bae-3244	381	13	time	time	NOUN
bae-3244	381	14	series	series	NOUN
bae-3244	381	15	,	,	PUNCT
bae-3244	381	16	in	in	ADP
bae-3244	381	17	order	order	NOUN
bae-3244	381	18	to	to	PART
bae-3244	381	19	avoid	avoid	VERB
bae-3244	381	20	spurious	spurious	ADJ
bae-3244	381	21	associations	association	NOUN
bae-3244	381	22	,	,	PUNCT
bae-3244	381	23	the	the	DET
bae-3244	381	24	series	series	NOUN
bae-3244	381	25	used	use	VERB
bae-3244	381	26	(	(	PUNCT
bae-3244	381	27	i.e.	i.e.	X
bae-3244	381	28	,	,	PUNCT
bae-3244	381	29	the	the	DET
bae-3244	381	30	price	price	NOUN
bae-3244	381	31	differences	difference	NOUN
bae-3244	381	32	)	)	PUNCT
bae-3244	381	33	were	be	AUX
bae-3244	381	34	tested	test	VERB
bae-3244	381	35	for	for	ADP
bae-3244	381	36	unit	unit	NOUN
bae-3244	381	37	roots	root	NOUN
bae-3244	381	38	using	use	VERB
bae-3244	381	39	the	the	DET
bae-3244	381	40	phillips	phillip	NOUN
bae-3244	381	41	–	–	PUNCT
bae-3244	381	42	perron	perron	PROPN
bae-3244	381	43	test	test	NOUN
bae-3244	381	44	(	(	PUNCT
bae-3244	381	45	phillips	phillip	NOUN
bae-3244	381	46	and	and	CCONJ
bae-3244	381	47	perron	perron	PROPN
bae-3244	381	48	,	,	PUNCT
bae-3244	381	49	1988	1988	NUM
bae-3244	381	50	)	)	PUNCT
bae-3244	381	51	,	,	PUNCT
bae-3244	381	52	which	which	PRON
bae-3244	381	53	considers	consider	VERB
bae-3244	381	54	that	that	SCONJ
bae-3244	381	55	the	the	DET
bae-3244	381	56	process	process	NOUN
bae-3244	381	57	generating	generate	VERB
bae-3244	381	58	data	datum	NOUN
bae-3244	381	59	might	might	AUX
bae-3244	381	60	have	have	VERB
bae-3244	381	61	a	a	DET
bae-3244	381	62	higher	high	ADJ
bae-3244	381	63	order	order	NOUN
bae-3244	381	64	of	of	ADP
bae-3244	381	65	autocorrelation	autocorrelation	NOUN
bae-3244	381	66	.	.	PUNCT
bae-3244	382	1	in	in	ADP
bae-3244	382	2	addition	addition	NOUN
bae-3244	382	3	,	,	PUNCT
bae-3244	382	4	the	the	DET
bae-3244	382	5	test	test	NOUN
bae-3244	382	6	is	be	AUX
bae-3244	382	7	robust	robust	ADJ
bae-3244	382	8	with	with	ADP
bae-3244	382	9	respect	respect	NOUN
bae-3244	382	10	to	to	ADP
bae-3244	382	11	unspecified	unspecified	ADJ
bae-3244	382	12	autocorrelation	autocorrelation	NOUN
bae-3244	382	13	and	and	CCONJ
bae-3244	382	14	heteroscedasticity	heteroscedasticity	NOUN
bae-3244	382	15	in	in	ADP
bae-3244	382	16	the	the	DET
bae-3244	382	17	disturbance	disturbance	NOUN
bae-3244	382	18	process	process	NOUN
bae-3244	382	19	of	of	ADP
bae-3244	382	20	the	the	DET
bae-3244	382	21	test	test	NOUN
bae-3244	382	22	equation	equation	NOUN
bae-3244	382	23	.	.	PUNCT
bae-3244	383	1	all	all	DET
bae-3244	383	2	the	the	DET
bae-3244	383	3	series	series	NOUN
bae-3244	383	4	were	be	AUX
bae-3244	383	5	found	find	VERB
bae-3244	383	6	stationary	stationary	ADJ
bae-3244	383	7	,	,	PUNCT
bae-3244	383	8	and	and	CCONJ
bae-3244	383	9	therefore	therefore	ADV
bae-3244	383	10	,	,	PUNCT
bae-3244	383	11	it	it	PRON
bae-3244	383	12	was	be	AUX
bae-3244	383	13	possible	possible	ADJ
bae-3244	383	14	to	to	PART
bae-3244	383	15	estimate	estimate	VERB
bae-3244	383	16	equations	equation	NOUN
bae-3244	383	17	(	(	PUNCT
bae-3244	383	18	1	1	NUM
bae-3244	383	19	)	)	PUNCT
bae-3244	383	20	and	and	CCONJ
bae-3244	383	21	(	(	PUNCT
bae-3244	383	22	2	2	NUM
bae-3244	383	23	)	)	PUNCT
bae-3244	383	24	by	by	ADP
bae-3244	383	25	ordinary	ordinary	ADJ
bae-3244	383	26	least	least	ADJ
bae-3244	383	27	squares	square	NOUN
bae-3244	383	28	.	.	PUNCT
bae-3244	384	1	the	the	DET
bae-3244	384	2	results	result	NOUN
bae-3244	384	3	for	for	ADP
bae-3244	384	4	the	the	DET
bae-3244	384	5	farmers	farmer	NOUN
bae-3244	384	6	’	’	PART
bae-3244	384	7	hedging	hedging	NOUN
bae-3244	384	8	exercise	exercise	NOUN
bae-3244	384	9	are	be	AUX
bae-3244	384	10	presented	present	VERB
bae-3244	384	11	in	in	ADP
bae-3244	384	12	table	table	NOUN
bae-3244	384	13	5	5	NUM
bae-3244	384	14	.	.	PUNCT
bae-3244	385	1	they	they	PRON
bae-3244	385	2	show	show	VERB
bae-3244	385	3	that	that	SCONJ
bae-3244	385	4	when	when	SCONJ
bae-3244	385	5	the	the	DET
bae-3244	385	6	entire	entire	ADJ
bae-3244	385	7	sample	sample	NOUN
bae-3244	385	8	is	be	AUX
bae-3244	385	9	used	use	VERB
bae-3244	385	10	,	,	PUNCT
bae-3244	385	11	the	the	DET
bae-3244	385	12	performance	performance	NOUN
bae-3244	385	13	of	of	ADP
bae-3244	385	14	the	the	DET
bae-3244	385	15	european	european	ADJ
bae-3244	385	16	exchanges	exchange	NOUN
bae-3244	385	17	,	,	PUNCT
bae-3244	385	18	in	in	ADP
bae-3244	385	19	terms	term	NOUN
bae-3244	385	20	of	of	ADP
bae-3244	385	21	the	the	DET
bae-3244	385	22	variance	variance	NOUN
bae-3244	385	23	reduction	reduction	NOUN
bae-3244	385	24	that	that	PRON
bae-3244	385	25	farmers	farmer	NOUN
bae-3244	385	26	could	could	AUX
bae-3244	385	27	have	have	AUX
bae-3244	385	28	attained	attain	VERB
bae-3244	385	29	through	through	ADP
bae-3244	385	30	hedging	hedging	NOUN
bae-3244	385	31	is	be	AUX
bae-3244	385	32	better	well	ADJ
bae-3244	385	33	than	than	ADP
bae-3244	385	34	in	in	ADP
bae-3244	385	35	the	the	DET
bae-3244	385	36	chicago	chicago	PROPN
bae-3244	385	37	market	market	NOUN
bae-3244	385	38	.	.	PUNCT
bae-3244	386	1	thus	thus	ADV
bae-3244	386	2	,	,	PUNCT
bae-3244	386	3	a	a	DET
bae-3244	386	4	us	us	PROPN
bae-3244	386	5	farmer	farmer	NOUN
bae-3244	386	6	hedging	hedge	VERB
bae-3244	386	7	39	39	NUM
bae-3244	386	8	per	per	ADP
bae-3244	386	9	cent	cent	NOUN
bae-3244	386	10	of	of	ADP
bae-3244	386	11	his	his	PRON
bae-3244	386	12	wheat	wheat	NOUN
bae-3244	386	13	using	use	VERB
bae-3244	386	14	the	the	DET
bae-3244	386	15	chicago	chicago	PROPN
bae-3244	386	16	wheat	wheat	NOUN
bae-3244	386	17	futures	future	NOUN
bae-3244	386	18	would	would	AUX
bae-3244	386	19	have	have	AUX
bae-3244	386	20	reduced	reduce	VERB
bae-3244	386	21	his	his	PRON
bae-3244	386	22	price	price	NOUN
bae-3244	386	23	risk	risk	NOUN
bae-3244	386	24	only	only	ADV
bae-3244	386	25	by	by	ADP
bae-3244	386	26	14	14	NUM
bae-3244	386	27	per	per	ADP
bae-3244	386	28	cent	cent	NOUN
bae-3244	386	29	;	;	PUNCT
bae-3244	386	30	whilst	whilst	SCONJ
bae-3244	386	31	the	the	DET
bae-3244	386	32	reduction	reduction	NOUN
bae-3244	386	33	using	use	VERB
bae-3244	386	34	the	the	DET
bae-3244	386	35	european	european	ADJ
bae-3244	386	36	exchanges	exchange	NOUN
bae-3244	386	37	ranged	range	VERB
bae-3244	386	38	from	from	ADP
bae-3244	386	39	40	40	NUM
bae-3244	386	40	per	per	ADP
bae-3244	386	41	cent	cent	NOUN
bae-3244	386	42	(	(	PUNCT
bae-3244	386	43	for	for	ADP
bae-3244	386	44	the	the	DET
bae-3244	386	45	case	case	NOUN
bae-3244	386	46	of	of	ADP
bae-3244	386	47	spot	spot	NOUN
bae-3244	386	48	prices	price	NOUN
bae-3244	386	49	from	from	ADP
bae-3244	386	50	bologna	bologna	NOUN
bae-3244	386	51	and	and	CCONJ
bae-3244	386	52	the	the	DET
bae-3244	386	53	matif	matif	ADJ
bae-3244	386	54	futures	future	NOUN
bae-3244	386	55	markets	market	NOUN
bae-3244	386	56	)	)	PUNCT
bae-3244	386	57	to	to	ADP
bae-3244	386	58	73	73	NUM
bae-3244	386	59	per	per	ADP
bae-3244	386	60	cent	cent	NOUN
bae-3244	386	61	(	(	PUNCT
bae-3244	386	62	for	for	ADP
bae-3244	386	63	the	the	DET
bae-3244	386	64	east	east	PROPN
bae-3244	386	65	anglia	anglia	PROPN
bae-3244	386	66	spot	spot	PROPN
bae-3244	386	67	prices	price	NOUN
bae-3244	386	68	and	and	CCONJ
bae-3244	386	69	the	the	DET
bae-3244	386	70	liffe	liffe	PROPN
bae-3244	386	71	futures	future	NOUN
bae-3244	386	72	markets	market	NOUN
bae-3244	386	73	)	)	PUNCT
bae-3244	386	74	.	.	PUNCT
bae-3244	387	1	however	however	ADV
bae-3244	387	2	,	,	PUNCT
bae-3244	387	3	the	the	DET
bae-3244	387	4	results	result	NOUN
bae-3244	387	5	for	for	ADP
bae-3244	387	6	the	the	DET
bae-3244	387	7	entire	entire	ADJ
bae-3244	387	8	sample	sample	NOUN
bae-3244	387	9	hide	hide	VERB
bae-3244	387	10	the	the	DET
bae-3244	387	11	dramatic	dramatic	ADJ
bae-3244	387	12	changes	change	NOUN
bae-3244	387	13	in	in	ADP
bae-3244	387	14	the	the	DET
bae-3244	387	15	hedging	hedging	NOUN
bae-3244	387	16	ratios	ratio	NOUN
bae-3244	387	17	since	since	SCONJ
bae-3244	387	18	2007	2007	NUM
bae-3244	387	19	for	for	ADP
bae-3244	387	20	all	all	DET
bae-3244	387	21	the	the	DET
bae-3244	387	22	cases	case	NOUN
bae-3244	387	23	.	.	PUNCT
bae-3244	388	1	as	as	SCONJ
bae-3244	388	2	shown	show	VERB
bae-3244	388	3	in	in	ADP
bae-3244	388	4	table	table	NOUN
bae-3244	388	5	,	,	PUNCT
bae-3244	388	6	the	the	DET
bae-3244	388	7	optimal	optimal	ADJ
bae-3244	388	8	ratios	ratio	NOUN
bae-3244	388	9	changed	change	VERB
bae-3244	388	10	significantly	significantly	ADV
bae-3244	388	11	during	during	ADP
bae-3244	388	12	the	the	DET
bae-3244	388	13	period	period	NOUN
bae-3244	388	14	2006	2006	NUM
bae-3244	388	15	-	-	SYM
bae-3244	388	16	07	07	NUM
bae-3244	388	17	to	to	ADP
bae-3244	388	18	2010	2010	NUM
bae-3244	388	19	-	-	SYM
bae-3244	388	20	11	11	NUM
bae-3244	388	21	.	.	PUNCT
bae-3244	389	1	it	it	PRON
bae-3244	389	2	is	be	AUX
bae-3244	389	3	clear	clear	ADJ
bae-3244	389	4	from	from	ADP
bae-3244	389	5	table	table	NOUN
bae-3244	389	6	5	5	NUM
bae-3244	389	7	that	that	SCONJ
bae-3244	389	8	if	if	SCONJ
bae-3244	389	9	farmers	farmer	NOUN
bae-3244	389	10	had	have	AUX
bae-3244	389	11	computed	compute	VERB
bae-3244	389	12	their	their	PRON
bae-3244	389	13	hedging	hedging	NOUN
bae-3244	389	14	ratios	ratio	NOUN
bae-3244	389	15	based	base	VERB
bae-3244	389	16	only	only	ADV
bae-3244	389	17	on	on	ADP
bae-3244	389	18	historical	historical	ADJ
bae-3244	389	19	price	price	NOUN
bae-3244	389	20	information	information	NOUN
bae-3244	389	21	;	;	PUNCT
bae-3244	389	22	the	the	DET
bae-3244	389	23	errors	error	NOUN
bae-3244	389	24	on	on	ADP
bae-3244	389	25	the	the	DET
bae-3244	389	26	strategy	strategy	NOUN
bae-3244	389	27	would	would	AUX
bae-3244	389	28	have	have	AUX
bae-3244	389	29	been	be	AUX
bae-3244	389	30	significant	significant	ADJ
bae-3244	389	31	.	.	PUNCT
bae-3244	390	1	in	in	ADP
bae-3244	390	2	this	this	DET
bae-3244	390	3	sense	sense	NOUN
bae-3244	390	4	,	,	PUNCT
bae-3244	390	5	probably	probably	ADV
bae-3244	390	6	the	the	DET
bae-3244	390	7	most	most	ADV
bae-3244	390	8	appropriate	appropriate	ADJ
bae-3244	390	9	strategy	strategy	NOUN
bae-3244	390	10	for	for	ADP
bae-3244	390	11	computing	compute	VERB
bae-3244	390	12	hedging	hedging	NOUN
bae-3244	390	13	ratios	ratio	NOUN
bae-3244	390	14	would	would	AUX
bae-3244	390	15	have	have	AUX
bae-3244	390	16	been	be	AUX
bae-3244	390	17	that	that	SCONJ
bae-3244	390	18	proposed	propose	VERB
bae-3244	390	19	by	by	ADP
bae-3244	390	20	myers	myers	PROPN
bae-3244	390	21	and	and	CCONJ
bae-3244	390	22	thompson	thompson	PROPN
bae-3244	390	23	(	(	PUNCT
bae-3244	390	24	1989	1989	NUM
bae-3244	390	25	)	)	PUNCT
bae-3244	390	26	,	,	PUNCT
bae-3244	390	27	which	which	PRON
bae-3244	390	28	consists	consist	VERB
bae-3244	390	29	of	of	ADP
bae-3244	390	30	incorporating	incorporate	VERB
bae-3244	390	31	additional	additional	ADJ
bae-3244	390	32	relevant	relevant	ADJ
bae-3244	390	33	information	information	NOUN
bae-3244	390	34	(	(	PUNCT
bae-3244	390	35	e.g.	e.g.	ADV
bae-3244	390	36	,	,	PUNCT
bae-3244	390	37	supply	supply	NOUN
bae-3244	390	38	and	and	CCONJ
bae-3244	390	39	demand	demand	NOUN
bae-3244	390	40	conditions	condition	NOUN
bae-3244	390	41	)	)	PUNCT
bae-3244	390	42	.	.	PUNCT
bae-3244	391	1	the	the	DET
bae-3244	391	2	results	result	NOUN
bae-3244	391	3	for	for	ADP
bae-3244	391	4	hedges	hedge	NOUN
bae-3244	391	5	for	for	ADP
bae-3244	391	6	lengths	length	NOUN
bae-3244	391	7	of	of	ADP
bae-3244	391	8	7	7	NUM
bae-3244	391	9	,	,	PUNCT
bae-3244	391	10	30	30	NUM
bae-3244	391	11	,	,	PUNCT
bae-3244	391	12	60	60	NUM
bae-3244	391	13	and	and	CCONJ
bae-3244	391	14	90	90	NUM
bae-3244	391	15	days	day	NOUN
bae-3244	391	16	are	be	AUX
bae-3244	391	17	presented	present	VERB
bae-3244	391	18	in	in	ADP
bae-3244	391	19	tables	table	NOUN
bae-3244	391	20	6	6	NUM
bae-3244	391	21	to	to	PART
bae-3244	391	22	9	9	NUM
bae-3244	391	23	for	for	ADP
bae-3244	391	24	the	the	DET
bae-3244	391	25	different	different	ADJ
bae-3244	391	26	exchanges	exchange	NOUN
bae-3244	391	27	and	and	CCONJ
bae-3244	391	28	spot	spot	NOUN
bae-3244	391	29	markets	market	NOUN
bae-3244	391	30	.	.	PUNCT
bae-3244	392	1	these	these	PRON
bae-3244	392	2	are	be	AUX
bae-3244	392	3	supposed	suppose	VERB
bae-3244	392	4	to	to	PART
bae-3244	392	5	represent	represent	VERB
bae-3244	392	6	other	other	ADJ
bae-3244	392	7	supply	supply	NOUN
bae-3244	392	8	chain	chain	NOUN
bae-3244	392	9	operators	operator	NOUN
bae-3244	392	10	such	such	ADJ
bae-3244	392	11	as	as	ADP
bae-3244	392	12	merchants	merchant	NOUN
bae-3244	392	13	or	or	CCONJ
bae-3244	392	14	processors	processor	NOUN
bae-3244	392	15	,	,	PUNCT
bae-3244	392	16	who	who	PRON
bae-3244	392	17	do	do	AUX
bae-3244	392	18	not	not	PART
bae-3244	392	19	need	need	VERB
bae-3244	392	20	to	to	PART
bae-3244	392	21	hedge	hedge	VERB
bae-3244	392	22	in	in	ADP
bae-3244	392	23	a	a	DET
bae-3244	392	24	specific	specific	ADJ
bae-3244	392	25	season	season	NOUN
bae-3244	392	26	of	of	ADP
bae-3244	392	27	the	the	DET
bae-3244	392	28	year	year	NOUN
bae-3244	392	29	,	,	PUNCT
bae-3244	392	30	as	as	ADP
bae-3244	392	31	in	in	ADP
bae-3244	392	32	the	the	DET
bae-3244	392	33	case	case	NOUN
bae-3244	392	34	of	of	ADP
bae-3244	392	35	farmers	farmer	NOUN
bae-3244	392	36	.	.	PUNCT
bae-3244	393	1	as	as	SCONJ
bae-3244	393	2	shown	show	VERB
bae-3244	393	3	in	in	ADP
bae-3244	393	4	the	the	DET
bae-3244	393	5	tables	table	NOUN
bae-3244	393	6	,	,	PUNCT
bae-3244	393	7	the	the	DET
bae-3244	393	8	short	short	ADJ
bae-3244	393	9	-	-	PUNCT
bae-3244	393	10	term	term	NOUN
bae-3244	393	11	hedges	hedge	NOUN
bae-3244	393	12	report	report	VERB
bae-3244	393	13	a	a	DET
bae-3244	393	14	substantive	substantive	ADJ
bae-3244	393	15	reduction	reduction	NOUN
bae-3244	393	16	in	in	ADP
bae-3244	393	17	price	price	NOUN
bae-3244	393	18	risk	risk	NOUN
bae-3244	393	19	with	with	ADP
bae-3244	393	20	r2	r2	NOUN
bae-3244	393	21	that	that	PRON
bae-3244	393	22	are	be	AUX
bae-3244	393	23	,	,	PUNCT
bae-3244	393	24	in	in	ADP
bae-3244	393	25	general	general	ADJ
bae-3244	393	26	,	,	PUNCT
bae-3244	393	27	high	high	ADJ
bae-3244	393	28	(	(	PUNCT
bae-3244	393	29	with	with	ADP
bae-3244	393	30	more	more	ADJ
bae-3244	393	31	than	than	ADP
bae-3244	393	32	75	75	NUM
bae-3244	393	33	per	per	ADP
bae-3244	393	34	cent	cent	NOUN
bae-3244	393	35	of	of	ADP
bae-3244	393	36	price	price	NOUN
bae-3244	393	37	risk	risk	NOUN
bae-3244	393	38	reduction	reduction	NOUN
bae-3244	393	39	)	)	PUNCT
bae-3244	393	40	.	.	PUNCT
bae-3244	394	1	furthermore	furthermore	ADV
bae-3244	394	2	,	,	PUNCT
bae-3244	394	3	for	for	ADP
bae-3244	394	4	all	all	DET
bae-3244	394	5	the	the	DET
bae-3244	394	6	studied	studied	ADJ
bae-3244	394	7	markets	market	NOUN
bae-3244	394	8	,	,	PUNCT
bae-3244	394	9	the	the	DET
bae-3244	394	10	performance	performance	NOUN
bae-3244	394	11	of	of	ADP
bae-3244	394	12	the	the	DET
bae-3244	394	13	short	short	ADJ
bae-3244	394	14	-	-	PUNCT
bae-3244	394	15	term	term	NOUN
bae-3244	394	16	hedges	hedge	NOUN
bae-3244	394	17	improves	improve	VERB
bae-3244	394	18	with	with	ADP
bae-3244	394	19	the	the	DET
bae-3244	394	20	increase	increase	NOUN
bae-3244	394	21	of	of	ADP
bae-3244	394	22	the	the	DET
bae-3244	394	23	hedge	hedge	NOUN
bae-3244	394	24	length	length	NOUN
bae-3244	394	25	.	.	PUNCT
bae-3244	395	1	in	in	ADP
bae-3244	395	2	fact	fact	NOUN
bae-3244	395	3	,	,	PUNCT
bae-3244	395	4	the	the	DET
bae-3244	395	5	7	7	NUM
bae-3244	395	6	days	day	NOUN
bae-3244	395	7	hedges	hedge	NOUN
bae-3244	395	8	are	be	AUX
bae-3244	395	9	relatively	relatively	ADV
bae-3244	395	10	low	low	ADJ
bae-3244	395	11	,	,	PUNCT
bae-3244	395	12	particularly	particularly	ADV
bae-3244	395	13	if	if	SCONJ
bae-3244	395	14	wheat	wheat	NOUN
bae-3244	395	15	from	from	ADP
bae-3244	395	16	bologna	bologna	PROPN
bae-3244	395	17	is	be	AUX
bae-3244	395	18	hedged	hedge	VERB
bae-3244	395	19	using	use	VERB
bae-3244	395	20	matif	matif	NOUN
bae-3244	395	21	.	.	PUNCT
bae-3244	396	1	in	in	ADP
bae-3244	396	2	contrast	contrast	NOUN
bae-3244	396	3	with	with	ADP
bae-3244	396	4	the	the	DET
bae-3244	396	5	results	result	NOUN
bae-3244	396	6	from	from	ADP
bae-3244	396	7	the	the	DET
bae-3244	396	8	farmers	farmer	NOUN
bae-3244	396	9	’	’	PART
bae-3244	396	10	hedging	hedge	VERB
bae-3244	396	11	exercise	exercise	NOUN
bae-3244	396	12	,	,	PUNCT
bae-3244	396	13	the	the	DET
bae-3244	396	14	inclusion	inclusion	NOUN
bae-3244	396	15	of	of	ADP
bae-3244	396	16	the	the	DET
bae-3244	396	17	slope	slope	NOUN
bae-3244	396	18	dummy	dummy	ADJ
bae-3244	396	19	variables	variable	NOUN
bae-3244	396	20	do	do	AUX
bae-3244	396	21	not	not	PART
bae-3244	396	22	improve	improve	VERB
bae-3244	396	23	much	much	ADV
bae-3244	396	24	the	the	DET
bae-3244	396	25	r2	r2	NOUN
bae-3244	396	26	of	of	ADP
bae-3244	396	27	the	the	DET
bae-3244	396	28	hedging	hedging	NOUN
bae-3244	396	29	regressions	regression	NOUN
bae-3244	396	30	(	(	PUNCT
bae-3244	396	31	despite	despite	SCONJ
bae-3244	396	32	the	the	DET
bae-3244	396	33	fact	fact	NOUN
bae-3244	396	34	that	that	SCONJ
bae-3244	396	35	in	in	ADP
bae-3244	396	36	many	many	ADJ
bae-3244	396	37	cases	case	NOUN
bae-3244	396	38	the	the	DET
bae-3244	396	39	coefficients	coefficient	NOUN
bae-3244	396	40	are	be	AUX
bae-3244	396	41	statistically	statistically	ADV
bae-3244	396	42	significant	significant	ADJ
bae-3244	396	43	)	)	PUNCT
bae-3244	396	44	,	,	PUNCT
bae-3244	396	45	i.e.	i.e.	X
bae-3244	396	46	,	,	PUNCT
bae-3244	396	47	the	the	DET
bae-3244	396	48	changes	change	NOUN
bae-3244	396	49	in	in	ADP
bae-3244	396	50	the	the	DET
bae-3244	396	51	hedging	hedging	NOUN
bae-3244	396	52	ratios	ratio	NOUN
bae-3244	396	53	add	add	VERB
bae-3244	396	54	little	little	ADJ
bae-3244	396	55	to	to	ADP
bae-3244	396	56	the	the	DET
bae-3244	396	57	reduction	reduction	NOUN
bae-3244	396	58	in	in	ADP
bae-3244	396	59	price	price	NOUN
bae-3244	396	60	risk	risk	NOUN
bae-3244	396	61	.	.	PUNCT
bae-3244	397	1	251european	251european	ADJ
bae-3244	397	2	commodity	commodity	NOUN
bae-3244	397	3	futures	future	NOUN
bae-3244	397	4	markets	market	NOUN
bae-3244	397	5	5	5	NUM
bae-3244	397	6	.	.	PUNCT
bae-3244	397	7	conclusions	conclusion	NOUN
bae-3244	397	8	the	the	DET
bae-3244	397	9	primary	primary	ADJ
bae-3244	397	10	aim	aim	NOUN
bae-3244	397	11	of	of	ADP
bae-3244	397	12	this	this	DET
bae-3244	397	13	paper	paper	NOUN
bae-3244	397	14	has	have	AUX
bae-3244	397	15	been	be	AUX
bae-3244	397	16	to	to	PART
bae-3244	397	17	study	study	VERB
bae-3244	397	18	whether	whether	SCONJ
bae-3244	397	19	hedging	hedge	VERB
bae-3244	397	20	in	in	ADP
bae-3244	397	21	futures	future	NOUN
bae-3244	397	22	markets	market	NOUN
bae-3244	397	23	is	be	AUX
bae-3244	397	24	useful	useful	ADJ
bae-3244	397	25	instrument	instrument	NOUN
bae-3244	397	26	for	for	ADP
bae-3244	397	27	price	price	NOUN
bae-3244	397	28	risk	risk	NOUN
bae-3244	397	29	reduction	reduction	NOUN
bae-3244	397	30	for	for	ADP
bae-3244	397	31	commercial	commercial	ADJ
bae-3244	397	32	entities	entity	NOUN
bae-3244	397	33	operating	operate	VERB
bae-3244	397	34	with	with	ADP
bae-3244	397	35	commodities	commodity	NOUN
bae-3244	397	36	along	along	ADP
bae-3244	397	37	the	the	DET
bae-3244	397	38	wheat	wheat	NOUN
bae-3244	397	39	supply	supply	NOUN
bae-3244	397	40	chain	chain	NOUN
bae-3244	397	41	.	.	PUNCT
bae-3244	398	1	thus	thus	ADV
bae-3244	398	2	,	,	PUNCT
bae-3244	398	3	the	the	DET
bae-3244	398	4	focus	focus	NOUN
bae-3244	398	5	was	be	AUX
bae-3244	398	6	on	on	ADP
bae-3244	398	7	two	two	NUM
bae-3244	398	8	european	european	ADJ
bae-3244	398	9	wheat	wheat	NOUN
bae-3244	398	10	futures	future	NOUN
bae-3244	398	11	markets	market	NOUN
bae-3244	398	12	,	,	PUNCT
bae-3244	398	13	liffe	liffe	PROPN
bae-3244	398	14	and	and	CCONJ
bae-3244	398	15	matif	matif	PROPN
bae-3244	398	16	,	,	PUNCT
bae-3244	398	17	in	in	ADP
bae-3244	398	18	addition	addition	NOUN
bae-3244	398	19	of	of	ADP
bae-3244	398	20	cbot	cbot	PROPN
bae-3244	398	21	market	market	NOUN
bae-3244	398	22	for	for	ADP
bae-3244	398	23	comparison	comparison	NOUN
bae-3244	398	24	purposes	purpose	NOUN
bae-3244	398	25	.	.	PUNCT
bae-3244	399	1	the	the	DET
bae-3244	399	2	evaluation	evaluation	NOUN
bae-3244	399	3	comprised	comprise	VERB
bae-3244	399	4	two	two	NUM
bae-3244	399	5	stages	stage	NOUN
bae-3244	399	6	:	:	PUNCT
bae-3244	399	7	first	first	ADV
bae-3244	399	8	,	,	PUNCT
bae-3244	399	9	the	the	DET
bae-3244	399	10	efficiency	efficiency	NOUN
bae-3244	399	11	analysis	analysis	NOUN
bae-3244	399	12	of	of	ADP
bae-3244	399	13	the	the	DET
bae-3244	399	14	futures	future	NOUN
bae-3244	399	15	markets	market	NOUN
bae-3244	399	16	,	,	PUNCT
bae-3244	399	17	which	which	PRON
bae-3244	399	18	consisted	consist	VERB
bae-3244	399	19	of	of	ADP
bae-3244	399	20	three	three	NUM
bae-3244	399	21	sub	sub	NOUN
bae-3244	399	22	-	-	NOUN
bae-3244	399	23	analyses	analysis	NOUN
bae-3244	399	24	:	:	PUNCT
bae-3244	399	25	price	price	NOUN
bae-3244	399	26	efficiency	efficiency	NOUN
bae-3244	399	27	,	,	PUNCT
bae-3244	399	28	market	market	NOUN
bae-3244	399	29	unbiasedness	unbiasedness	NOUN
bae-3244	399	30	,	,	PUNCT
bae-3244	399	31	and	and	CCONJ
bae-3244	399	32	the	the	DET
bae-3244	399	33	forecasting	forecasting	NOUN
bae-3244	399	34	ability	ability	NOUN
bae-3244	399	35	;	;	PUNCT
bae-3244	399	36	and	and	CCONJ
bae-3244	399	37	second	second	ADV
bae-3244	399	38	,	,	PUNCT
bae-3244	399	39	the	the	DET
bae-3244	399	40	effectiveness	effectiveness	NOUN
bae-3244	399	41	for	for	ADP
bae-3244	399	42	hedging	hedging	NOUN
bae-3244	399	43	.	.	PUNCT
bae-3244	400	1	as	as	SCONJ
bae-3244	400	2	regards	regard	VERB
bae-3244	400	3	the	the	DET
bae-3244	400	4	efficiency	efficiency	NOUN
bae-3244	400	5	analysis	analysis	NOUN
bae-3244	400	6	,	,	PUNCT
bae-3244	400	7	the	the	DET
bae-3244	400	8	results	result	NOUN
bae-3244	400	9	indicate	indicate	VERB
bae-3244	400	10	that	that	SCONJ
bae-3244	400	11	the	the	DET
bae-3244	400	12	increasing	increase	VERB
bae-3244	400	13	participation	participation	NOUN
bae-3244	400	14	of	of	ADP
bae-3244	400	15	speculative	speculative	ADJ
bae-3244	400	16	investors	investor	NOUN
bae-3244	400	17	mentioned	mention	VERB
bae-3244	400	18	in	in	ADP
bae-3244	400	19	the	the	DET
bae-3244	400	20	recent	recent	ADJ
bae-3244	400	21	literature	literature	NOUN
bae-3244	400	22	,	,	PUNCT
bae-3244	400	23	have	have	AUX
bae-3244	400	24	not	not	PART
bae-3244	400	25	reduced	reduce	VERB
bae-3244	400	26	the	the	DET
bae-3244	400	27	market	market	NOUN
bae-3244	400	28	price	price	NOUN
bae-3244	400	29	efficiency	efficiency	NOUN
bae-3244	400	30	.	.	PUNCT
bae-3244	401	1	the	the	DET
bae-3244	401	2	same	same	ADJ
bae-3244	401	3	result	result	NOUN
bae-3244	401	4	was	be	AUX
bae-3244	401	5	found	find	VERB
bae-3244	401	6	with	with	ADP
bae-3244	401	7	respect	respect	NOUN
bae-3244	401	8	to	to	ADP
bae-3244	401	9	the	the	DET
bae-3244	401	10	market	market	NOUN
bae-3244	401	11	unbiasedness	unbiasedness	NOUN
bae-3244	401	12	.	.	PUNCT
bae-3244	402	1	in	in	ADP
bae-3244	402	2	this	this	DET
bae-3244	402	3	respect	respect	NOUN
bae-3244	402	4	,	,	PUNCT
bae-3244	402	5	the	the	DET
bae-3244	402	6	test	test	NOUN
bae-3244	402	7	show	show	VERB
bae-3244	402	8	that	that	SCONJ
bae-3244	402	9	holding	hold	VERB
bae-3244	402	10	a	a	DET
bae-3244	402	11	speculative	speculative	ADJ
bae-3244	402	12	position	position	NOUN
bae-3244	402	13	showed	show	VERB
bae-3244	402	14	that	that	SCONJ
bae-3244	402	15	the	the	DET
bae-3244	402	16	average	average	ADJ
bae-3244	402	17	profits	profit	NOUN
bae-3244	402	18	during	during	ADP
bae-3244	402	19	the	the	DET
bae-3244	402	20	last	last	ADJ
bae-3244	402	21	20	20	NUM
bae-3244	402	22	years	year	NOUN
bae-3244	402	23	were	be	AUX
bae-3244	402	24	not	not	PART
bae-3244	402	25	statistically	statistically	ADV
bae-3244	402	26	different	different	ADJ
bae-3244	402	27	from	from	ADP
bae-3244	402	28	zero	zero	NUM
bae-3244	402	29	.	.	PUNCT
bae-3244	403	1	the	the	DET
bae-3244	403	2	forecasting	forecasting	NOUN
bae-3244	403	3	performance	performance	NOUN
bae-3244	403	4	of	of	ADP
bae-3244	403	5	futures	future	NOUN
bae-3244	403	6	markets	market	NOUN
bae-3244	403	7	showed	show	VERB
bae-3244	403	8	that	that	SCONJ
bae-3244	403	9	the	the	DET
bae-3244	403	10	prediction	prediction	NOUN
bae-3244	403	11	capacity	capacity	NOUN
bae-3244	403	12	of	of	ADP
bae-3244	403	13	in	in	ADP
bae-3244	403	14	the	the	DET
bae-3244	403	15	three	three	NUM
bae-3244	403	16	markets	market	NOUN
bae-3244	403	17	was	be	AUX
bae-3244	403	18	modest	modest	ADJ
bae-3244	403	19	with	with	ADP
bae-3244	403	20	a	a	DET
bae-3244	403	21	coefficient	coefficient	NOUN
bae-3244	403	22	of	of	ADP
bae-3244	403	23	variation	variation	NOUN
bae-3244	403	24	of	of	ADP
bae-3244	403	25	the	the	DET
bae-3244	403	26	error	error	NOUN
bae-3244	403	27	that	that	PRON
bae-3244	403	28	was	be	AUX
bae-3244	403	29	between	between	ADP
bae-3244	403	30	25	25	NUM
bae-3244	403	31	to	to	PART
bae-3244	403	32	40	40	NUM
bae-3244	403	33	per	per	ADP
bae-3244	403	34	cent	cent	NOUN
bae-3244	403	35	.	.	PUNCT
bae-3244	403	36	table	table	NOUN
bae-3244	403	37	5	5	NUM
bae-3244	403	38	.	.	PUNCT
bae-3244	403	39	estimates	estimate	NOUN
bae-3244	403	40	of	of	ADP
bae-3244	403	41	hedging	hedge	VERB
bae-3244	403	42	ratios	ratio	NOUN
bae-3244	403	43	and	and	CCONJ
bae-3244	403	44	effectiveness	effectiveness	NOUN
bae-3244	403	45	for	for	ADP
bae-3244	403	46	farmers	farmer	NOUN
bae-3244	403	47	’	’	PART
bae-3244	403	48	hedging	hedging	NOUN
bae-3244	403	49	.	.	PUNCT
bae-3244	404	1	cases	case	NOUN
bae-3244	404	2	coefficients	coefficient	VERB
bae-3244	404	3	r2	r2	PROPN
bae-3244	404	4	slope	slope	NOUN
bae-3244	404	5	dummies	dummy	NOUN
bae-3244	404	6	for	for	ADP
bae-3244	404	7	years	year	NOUN
bae-3244	404	8	with	with	ADP
bae-3244	404	9	high	high	ADJ
bae-3244	404	10	variability	variability	NOUN
bae-3244	404	11	obs	ob	NOUN
bae-3244	404	12	.	.	PUNCT
bae-3244	405	1	α	α	X
bae-3244	405	2	β	β	X
bae-3244	405	3	2006	2006	NUM
bae-3244	405	4	-	-	SYM
bae-3244	405	5	07	07	NUM
bae-3244	405	6	2007	2007	NUM
bae-3244	405	7	-	-	SYM
bae-3244	405	8	08	08	NUM
bae-3244	405	9	2008	2008	NUM
bae-3244	405	10	-	-	SYM
bae-3244	405	11	09	09	NUM
bae-3244	405	12	2009	2009	NUM
bae-3244	405	13	-	-	SYM
bae-3244	405	14	10	10	NUM
bae-3244	405	15	2010	2010	NUM
bae-3244	405	16	-	-	SYM
bae-3244	405	17	11	11	NUM
bae-3244	405	18	cbot	cbot	PROPN
bae-3244	405	19	chicago	chicago	PROPN
bae-3244	405	20	farmer	farmer	NOUN
bae-3244	405	21	’s	’s	PART
bae-3244	405	22	hedging	hedge	VERB
bae-3244	405	23	10.25	10.25	NUM
bae-3244	405	24	0.39	0.39	NUM
bae-3244	405	25	0.14	0.14	NUM
bae-3244	405	26	448	448	NUM
bae-3244	405	27	(	(	PUNCT
bae-3244	405	28	2.36	2.36	NUM
bae-3244	405	29	)	)	PUNCT
bae-3244	405	30	(	(	PUNCT
bae-3244	405	31	8.55	8.55	NUM
bae-3244	405	32	)	)	PUNCT
bae-3244	405	33	with	with	ADP
bae-3244	405	34	year	year	NOUN
bae-3244	405	35	dummies	dummy	NOUN
bae-3244	405	36	11.94	11.94	NUM
bae-3244	405	37	0.86	0.86	NUM
bae-3244	405	38	0.67	0.67	NUM
bae-3244	405	39	0.19	0.19	NUM
bae-3244	405	40	-1.67	-1.67	PUNCT
bae-3244	405	41	-0.42	-0.42	NUM
bae-3244	405	42	2.15	2.15	NUM
bae-3244	405	43	-0.73	-0.73	NUM
bae-3244	405	44	448	448	NUM
bae-3244	405	45	(	(	PUNCT
bae-3244	405	46	3.92	3.92	NUM
bae-3244	405	47	)	)	PUNCT
bae-3244	405	48	(	(	PUNCT
bae-3244	405	49	13.51	13.51	NUM
bae-3244	405	50	)	)	PUNCT
bae-3244	405	51	(	(	PUNCT
bae-3244	405	52	1.85	1.85	NUM
bae-3244	405	53	)	)	PUNCT
bae-3244	405	54	(	(	PUNCT
bae-3244	405	55	-18.29	-18.29	PROPN
bae-3244	405	56	)	)	PUNCT
bae-3244	405	57	(	(	PUNCT
bae-3244	405	58	-5.39	-5.39	NOUN
bae-3244	405	59	)	)	PUNCT
bae-3244	405	60	(	(	PUNCT
bae-3244	405	61	10.81	10.81	NUM
bae-3244	405	62	)	)	PUNCT
bae-3244	405	63	(	(	PUNCT
bae-3244	405	64	-3.93	-3.93	X
bae-3244	405	65	)	)	PUNCT
bae-3244	405	66	liffe	liffe	PROPN
bae-3244	405	67	east	east	PROPN
bae-3244	405	68	anglia	anglia	PROPN
bae-3244	405	69	farmer	farmer	PROPN
bae-3244	405	70	’s	’s	PART
bae-3244	405	71	hedging	hedging	NOUN
bae-3244	405	72	-5.79	-5.79	VERB
bae-3244	405	73	1.01	1.01	NUM
bae-3244	405	74	0.73	0.73	NUM
bae-3244	405	75	330	330	NUM
bae-3244	405	76	(	(	PUNCT
bae-3244	405	77	-7.58	-7.58	NUM
bae-3244	405	78	)	)	PUNCT
bae-3244	405	79	(	(	PUNCT
bae-3244	405	80	29.95	29.95	NUM
bae-3244	405	81	)	)	PUNCT
bae-3244	405	82	with	with	ADP
bae-3244	405	83	year	year	NOUN
bae-3244	405	84	dummies	dummy	NOUN
bae-3244	405	85	-6.12	-6.12	DET
bae-3244	405	86	1.12	1.12	NUM
bae-3244	405	87	0.87	0.87	NUM
bae-3244	405	88	-0.15	-0.15	NUM
bae-3244	405	89	6.73	6.73	NUM
bae-3244	405	90	-1.62	-1.62	NUM
bae-3244	405	91	0.39	0.39	NUM
bae-3244	405	92	-0.85	-0.85	NOUN
bae-3244	405	93	330	330	NUM
bae-3244	405	94	(	(	PUNCT
bae-3244	405	95	-10.26	-10.26	ADJ
bae-3244	405	96	)	)	PUNCT
bae-3244	405	97	(	(	PUNCT
bae-3244	405	98	23.41	23.41	NUM
bae-3244	405	99	)	)	PUNCT
bae-3244	405	100	(	(	PUNCT
bae-3244	405	101	-2.53	-2.53	NOUN
bae-3244	405	102	)	)	PUNCT
bae-3244	405	103	(	(	PUNCT
bae-3244	405	104	8.72	8.72	NUM
bae-3244	405	105	)	)	PUNCT
bae-3244	405	106	(	(	PUNCT
bae-3244	405	107	-8.79	-8.79	X
bae-3244	405	108	)	)	PUNCT
bae-3244	405	109	(	(	PUNCT
bae-3244	405	110	5.30	5.30	NUM
bae-3244	405	111	)	)	PUNCT
bae-3244	405	112	(	(	PUNCT
bae-3244	405	113	-9.01	-9.01	X
bae-3244	405	114	)	)	PUNCT
bae-3244	405	115	matif	matif	PROPN
bae-3244	405	116	rouen	rouen	PROPN
bae-3244	405	117	farmer	farmer	PROPN
bae-3244	405	118	’s	’s	PART
bae-3244	405	119	hedging	hedging	NOUN
bae-3244	405	120	-8.71	-8.71	NUM
bae-3244	405	121	0.82	0.82	NUM
bae-3244	405	122	0.64	0.64	NUM
bae-3244	405	123	249	249	NUM
bae-3244	405	124	(	(	PUNCT
bae-3244	405	125	-7.71	-7.71	PROPN
bae-3244	405	126	)	)	PUNCT
bae-3244	405	127	(	(	PUNCT
bae-3244	405	128	21.10	21.10	NUM
bae-3244	405	129	)	)	PUNCT
bae-3244	405	130	with	with	ADP
bae-3244	405	131	year	year	NOUN
bae-3244	405	132	dummies	dummy	NOUN
bae-3244	405	133	-7.71	-7.71	NUM
bae-3244	405	134	1.26	1.26	NUM
bae-3244	405	135	0.70	0.70	NUM
bae-3244	405	136	-0.47	-0.47	NUM
bae-3244	405	137	2.93	2.93	NUM
bae-3244	405	138	-0.54	-0.54	NOUN
bae-3244	405	139	-1.41	-1.41	NOUN
bae-3244	405	140	249	249	NUM
bae-3244	405	141	(	(	PUNCT
bae-3244	405	142	-6.73	-6.73	NUM
bae-3244	405	143	)	)	PUNCT
bae-3244	405	144	(	(	PUNCT
bae-3244	405	145	8.69	8.69	NUM
bae-3244	405	146	)	)	PUNCT
bae-3244	405	147	(	(	PUNCT
bae-3244	405	148	-3.13	-3.13	NOUN
bae-3244	405	149	)	)	PUNCT
bae-3244	405	150	(	(	PUNCT
bae-3244	405	151	4.65	4.65	NUM
bae-3244	405	152	)	)	PUNCT
bae-3244	405	153	(	(	PUNCT
bae-3244	405	154	-2.57	-2.57	NUM
bae-3244	405	155	)	)	PUNCT
bae-3244	405	156	(	(	PUNCT
bae-3244	405	157	0.00	0.00	NUM
bae-3244	405	158	)	)	PUNCT
bae-3244	405	159	(	(	PUNCT
bae-3244	405	160	-3.35	-3.35	NOUN
bae-3244	405	161	)	)	PUNCT
bae-3244	405	162	matif	matif	NOUN
bae-3244	405	163	bologna	bologna	PROPN
bae-3244	405	164	farmer	farmer	NOUN
bae-3244	405	165	’s	’s	PART
bae-3244	405	166	hedging	hedging	NOUN
bae-3244	405	167	-10.61	-10.61	PROPN
bae-3244	405	168	0.78	0.78	NUM
bae-3244	405	169	0.40	0.40	NUM
bae-3244	405	170	286	286	NUM
bae-3244	405	171	(	(	PUNCT
bae-3244	405	172	-9.67	-9.67	NUM
bae-3244	405	173	)	)	PUNCT
bae-3244	405	174	(	(	PUNCT
bae-3244	405	175	13.81	13.81	NUM
bae-3244	405	176	)	)	PUNCT
bae-3244	405	177	with	with	ADP
bae-3244	405	178	year	year	NOUN
bae-3244	405	179	dummies	dummy	NOUN
bae-3244	405	180	-11.26	-11.26	NUM
bae-3244	405	181	0.78	0.78	NUM
bae-3244	405	182	0.46	0.46	NUM
bae-3244	405	183	-0.10	-0.10	NUM
bae-3244	405	184	2.60	2.60	NUM
bae-3244	405	185	-0.05	-0.05	NUM
bae-3244	405	186	0.78	0.78	NUM
bae-3244	405	187	0.27	0.27	NUM
bae-3244	405	188	286	286	NUM
bae-3244	405	189	(	(	PUNCT
bae-3244	405	190	-8.77	-8.77	NUM
bae-3244	405	191	)	)	PUNCT
bae-3244	405	192	(	(	PUNCT
bae-3244	405	193	4.41	4.41	NUM
bae-3244	405	194	)	)	PUNCT
bae-3244	405	195	(	(	PUNCT
bae-3244	405	196	-0.51	-0.51	NOUN
bae-3244	405	197	)	)	PUNCT
bae-3244	405	198	(	(	PUNCT
bae-3244	405	199	2.82	2.82	NUM
bae-3244	405	200	)	)	PUNCT
bae-3244	405	201	(	(	PUNCT
bae-3244	405	202	-0.20	-0.20	NOUN
bae-3244	405	203	)	)	PUNCT
bae-3244	405	204	(	(	PUNCT
bae-3244	405	205	2.91	2.91	NUM
bae-3244	405	206	)	)	PUNCT
bae-3244	405	207	(	(	PUNCT
bae-3244	405	208	0.63	0.63	NUM
bae-3244	405	209	)	)	PUNCT
bae-3244	405	210	note	note	NOUN
bae-3244	405	211	:	:	PUNCT
bae-3244	405	212	the	the	DET
bae-3244	405	213	numbers	number	NOUN
bae-3244	405	214	in	in	ADP
bae-3244	405	215	parenthesis	parenthesis	NOUN
bae-3244	405	216	below	below	ADP
bae-3244	405	217	the	the	DET
bae-3244	405	218	coefficients	coefficient	NOUN
bae-3244	405	219	are	be	AUX
bae-3244	405	220	the	the	DET
bae-3244	405	221	t	t	PROPN
bae-3244	405	222	-	-	PUNCT
bae-3244	405	223	statistics	statistic	NOUN
bae-3244	405	224	.	.	PUNCT
bae-3244	406	1	252	252	NUM
bae-3244	406	2	c.	c.	PROPN
bae-3244	406	3	revoredo	revoredo	PROPN
bae-3244	406	4	-	-	PUNCT
bae-3244	406	5	giha	giha	PROPN
bae-3244	406	6	,	,	PUNCT
bae-3244	406	7	m.	m.	NOUN
bae-3244	406	8	zuppiroli	zuppiroli	NOUN
bae-3244	406	9	table	table	NOUN
bae-3244	406	10	6	6	NUM
bae-3244	406	11	.	.	PUNCT
bae-3244	407	1	cbot	cbot	PROPN
bae-3244	407	2	–	–	PUNCT
bae-3244	407	3	chicago	chicago	PROPN
bae-3244	407	4	:	:	PUNCT
bae-3244	407	5	estimates	estimate	NOUN
bae-3244	407	6	of	of	ADP
bae-3244	407	7	effectiveness	effectiveness	NOUN
bae-3244	407	8	of	of	ADP
bae-3244	407	9	short	short	ADJ
bae-3244	407	10	-	-	PUNCT
bae-3244	407	11	term	term	NOUN
bae-3244	407	12	wheat	wheat	NOUN
bae-3244	407	13	hedging	hedging	NOUN
bae-3244	407	14	.	.	PUNCT
bae-3244	408	1	cases	case	NOUN
bae-3244	408	2	coefficients	coefficient	VERB
bae-3244	408	3	r2	r2	PROPN
bae-3244	408	4	slope	slope	NOUN
bae-3244	408	5	dummies	dummy	NOUN
bae-3244	408	6	for	for	ADP
bae-3244	408	7	years	year	NOUN
bae-3244	408	8	with	with	ADP
bae-3244	408	9	high	high	ADJ
bae-3244	408	10	variability	variability	NOUN
bae-3244	408	11	obs	ob	NOUN
bae-3244	408	12	.	.	PUNCT
bae-3244	409	1	α	α	X
bae-3244	409	2	β	β	VERB
bae-3244	409	3	2006	2006	NUM
bae-3244	409	4	2007	2007	NUM
bae-3244	409	5	2008	2008	NUM
bae-3244	409	6	2009	2009	NUM
bae-3244	409	7	2010	2010	NUM
bae-3244	409	8	2011	2011	NUM
bae-3244	409	9	2012	2012	NUM
bae-3244	409	10	7	7	NUM
bae-3244	409	11	days	day	NOUN
bae-3244	409	12	hedge	hedge	VERB
bae-3244	409	13	0.06	0.06	NUM
bae-3244	409	14	0.86	0.86	NUM
bae-3244	409	15	0.72	0.72	NUM
bae-3244	409	16	6,297	6,297	NUM
bae-3244	409	17	(	(	PUNCT
bae-3244	409	18	0.37	0.37	NUM
bae-3244	409	19	)	)	PUNCT
bae-3244	409	20	(	(	PUNCT
bae-3244	409	21	128.01	128.01	NUM
bae-3244	409	22	)	)	PUNCT
bae-3244	409	23	with	with	ADP
bae-3244	409	24	year	year	NOUN
bae-3244	409	25	dummies	dummy	NOUN
bae-3244	409	26	0.10	0.10	NUM
bae-3244	409	27	0.84	0.84	NUM
bae-3244	409	28	0.73	0.73	NUM
bae-3244	409	29	-0.08	-0.08	NUM
bae-3244	409	30	0.07	0.07	NUM
bae-3244	409	31	0.01	0.01	NUM
bae-3244	409	32	0.14	0.14	NUM
bae-3244	409	33	-0.08	-0.08	NUM
bae-3244	409	34	0.09	0.09	NUM
bae-3244	409	35	0.06	0.06	NUM
bae-3244	409	36	6,297	6,297	NUM
bae-3244	409	37	(	(	PUNCT
bae-3244	409	38	0.61	0.61	NUM
bae-3244	409	39	)	)	PUNCT
bae-3244	409	40	(	(	PUNCT
bae-3244	409	41	63.47	63.47	NUM
bae-3244	409	42	)	)	PUNCT
bae-3244	409	43	(	(	PUNCT
bae-3244	409	44	-2.04	-2.04	NUM
bae-3244	409	45	)	)	PUNCT
bae-3244	409	46	(	(	PUNCT
bae-3244	409	47	2.83	2.83	NUM
bae-3244	409	48	)	)	PUNCT
bae-3244	409	49	(	(	PUNCT
bae-3244	409	50	0.76	0.76	NUM
bae-3244	409	51	)	)	PUNCT
bae-3244	409	52	(	(	PUNCT
bae-3244	409	53	4.62	4.62	NUM
bae-3244	409	54	)	)	PUNCT
bae-3244	409	55	(	(	PUNCT
bae-3244	409	56	-3.44	-3.44	NUM
bae-3244	409	57	)	)	PUNCT
bae-3244	409	58	(	(	PUNCT
bae-3244	409	59	3.70	3.70	NUM
bae-3244	409	60	)	)	PUNCT
bae-3244	409	61	(	(	PUNCT
bae-3244	409	62	0.91	0.91	NUM
bae-3244	409	63	)	)	PUNCT
bae-3244	409	64	30	30	NUM
bae-3244	409	65	days	day	NOUN
bae-3244	409	66	hedge	hedge	VERB
bae-3244	409	67	0.33	0.33	NUM
bae-3244	409	68	0.85	0.85	NUM
bae-3244	409	69	0.77	0.77	NUM
bae-3244	409	70	6,274	6,274	NUM
bae-3244	409	71	(	(	PUNCT
bae-3244	409	72	1.11	1.11	NUM
bae-3244	409	73	)	)	PUNCT
bae-3244	409	74	(	(	PUNCT
bae-3244	409	75	145.77	145.77	NUM
bae-3244	409	76	)	)	PUNCT
bae-3244	409	77	with	with	ADP
bae-3244	409	78	year	year	NOUN
bae-3244	409	79	dummies	dummy	NOUN
bae-3244	409	80	0.26	0.26	NUM
bae-3244	409	81	0.86	0.86	NUM
bae-3244	409	82	0.78	0.78	NUM
bae-3244	409	83	0.12	0.12	NUM
bae-3244	409	84	0.04	0.04	NUM
bae-3244	409	85	-0.03	-0.03	NUM
bae-3244	409	86	0.21	0.21	NUM
bae-3244	409	87	-0.21	-0.21	NUM
bae-3244	409	88	-0.02	-0.02	NUM
bae-3244	409	89	0.11	0.11	NUM
bae-3244	409	90	6.274	6.274	NUM
bae-3244	409	91	(	(	PUNCT
bae-3244	409	92	0.86	0.86	NUM
bae-3244	409	93	)	)	PUNCT
bae-3244	409	94	(	(	PUNCT
bae-3244	409	95	72.05	72.05	NUM
bae-3244	409	96	)	)	PUNCT
bae-3244	409	97	(	(	PUNCT
bae-3244	409	98	3.37	3.37	NUM
bae-3244	409	99	)	)	PUNCT
bae-3244	409	100	(	(	PUNCT
bae-3244	409	101	2.04	2.04	NUM
bae-3244	409	102	)	)	PUNCT
bae-3244	409	103	(	(	PUNCT
bae-3244	409	104	-1.82	-1.82	NOUN
bae-3244	409	105	)	)	PUNCT
bae-3244	409	106	(	(	PUNCT
bae-3244	409	107	7.76	7.76	NUM
bae-3244	409	108	)	)	PUNCT
bae-3244	409	109	(	(	PUNCT
bae-3244	409	110	-9.73	-9.73	X
bae-3244	409	111	)	)	PUNCT
bae-3244	409	112	(	(	PUNCT
bae-3244	409	113	-0.79	-0.79	NOUN
bae-3244	409	114	)	)	PUNCT
bae-3244	409	115	(	(	PUNCT
bae-3244	409	116	1.26	1.26	NUM
bae-3244	409	117	)	)	PUNCT
bae-3244	409	118	60	60	NUM
bae-3244	409	119	days	day	NOUN
bae-3244	409	120	hedge	hedge	VERB
bae-3244	409	121	0.44	0.44	NUM
bae-3244	409	122	0.92	0.92	NUM
bae-3244	409	123	0.80	0.80	NUM
bae-3244	409	124	6,244	6,244	NUM
bae-3244	409	125	(	(	PUNCT
bae-3244	409	126	1.10	1.10	NUM
bae-3244	409	127	)	)	PUNCT
bae-3244	409	128	(	(	PUNCT
bae-3244	409	129	158.84	158.84	NUM
bae-3244	409	130	)	)	PUNCT
bae-3244	409	131	with	with	ADP
bae-3244	409	132	year	year	NOUN
bae-3244	409	133	dummies	dummy	NOUN
bae-3244	409	134	0.22	0.22	NUM
bae-3244	409	135	0.92	0.92	NUM
bae-3244	409	136	0.81	0.81	NUM
bae-3244	409	137	0.17	0.17	NUM
bae-3244	409	138	0.04	0.04	NUM
bae-3244	409	139	-0.03	-0.03	NUM
bae-3244	409	140	0.42	0.42	NUM
bae-3244	409	141	-0.16	-0.16	NUM
bae-3244	409	142	-0.02	-0.02	NUM
bae-3244	409	143	0.15	0.15	NUM
bae-3244	409	144	6,244	6,244	NUM
bae-3244	409	145	(	(	PUNCT
bae-3244	409	146	0.56	0.56	NUM
bae-3244	409	147	)	)	PUNCT
bae-3244	409	148	(	(	PUNCT
bae-3244	409	149	79.54	79.54	NUM
bae-3244	409	150	)	)	PUNCT
bae-3244	409	151	(	(	PUNCT
bae-3244	409	152	4.79	4.79	NUM
bae-3244	409	153	)	)	PUNCT
bae-3244	409	154	(	(	PUNCT
bae-3244	409	155	1.99	1.99	NUM
bae-3244	409	156	)	)	PUNCT
bae-3244	409	157	(	(	PUNCT
bae-3244	409	158	-1.84	-1.84	NOUN
bae-3244	409	159	)	)	PUNCT
bae-3244	409	160	(	(	PUNCT
bae-3244	409	161	14.41	14.41	NUM
bae-3244	409	162	)	)	PUNCT
bae-3244	409	163	(	(	PUNCT
bae-3244	409	164	-7.75	-7.75	NOUN
bae-3244	409	165	)	)	PUNCT
bae-3244	409	166	(	(	PUNCT
bae-3244	409	167	-0.79	-0.79	X
bae-3244	409	168	)	)	PUNCT
bae-3244	409	169	(	(	PUNCT
bae-3244	409	170	1.18	1.18	NUM
bae-3244	409	171	)	)	PUNCT
bae-3244	409	172	90	90	NUM
bae-3244	409	173	days	day	NOUN
bae-3244	409	174	hedge	hedge	VERB
bae-3244	409	175	0.54	0.54	NUM
bae-3244	409	176	0.94	0.94	NUM
bae-3244	409	177	0.81	0.81	NUM
bae-3244	409	178	6,214	6,214	NUM
bae-3244	409	179	(	(	PUNCT
bae-3244	409	180	1.13	1.13	NUM
bae-3244	409	181	)	)	PUNCT
bae-3244	409	182	(	(	PUNCT
bae-3244	409	183	161.34	161.34	NUM
bae-3244	409	184	)	)	PUNCT
bae-3244	409	185	with	with	ADP
bae-3244	409	186	year	year	NOUN
bae-3244	409	187	dummies	dummy	NOUN
bae-3244	409	188	0.41	0.41	NUM
bae-3244	409	189	0.93	0.93	NUM
bae-3244	409	190	0.81	0.81	NUM
bae-3244	409	191	0.11	0.11	NUM
bae-3244	409	192	0.03	0.03	NUM
bae-3244	409	193	-0.04	-0.04	NUM
bae-3244	409	194	0.18	0.18	NUM
bae-3244	409	195	-0.01	-0.01	NUM
bae-3244	409	196	0.16	0.16	NUM
bae-3244	409	197	-0.36	-0.36	NUM
bae-3244	409	198	6,214	6,214	NUM
bae-3244	409	199	(	(	PUNCT
bae-3244	409	200	0.83	0.83	NUM
bae-3244	409	201	)	)	PUNCT
bae-3244	409	202	(	(	PUNCT
bae-3244	409	203	80.89	80.89	NUM
bae-3244	409	204	)	)	PUNCT
bae-3244	409	205	(	(	PUNCT
bae-3244	409	206	3.00	3.00	NUM
bae-3244	409	207	)	)	PUNCT
bae-3244	409	208	(	(	PUNCT
bae-3244	409	209	1.68	1.68	NUM
bae-3244	409	210	)	)	PUNCT
bae-3244	409	211	(	(	PUNCT
bae-3244	409	212	-2.65	-2.65	NUM
bae-3244	409	213	)	)	PUNCT
bae-3244	409	214	(	(	PUNCT
bae-3244	409	215	5.44	5.44	NUM
bae-3244	409	216	)	)	PUNCT
bae-3244	409	217	(	(	PUNCT
bae-3244	409	218	-0.68	-0.68	NOUN
bae-3244	409	219	)	)	PUNCT
bae-3244	409	220	(	(	PUNCT
bae-3244	409	221	6.32	6.32	NUM
bae-3244	409	222	)	)	PUNCT
bae-3244	409	223	(	(	PUNCT
bae-3244	409	224	-4.48	-4.48	NOUN
bae-3244	409	225	)	)	PUNCT
bae-3244	409	226	note	note	NOUN
bae-3244	409	227	:	:	PUNCT
bae-3244	409	228	the	the	DET
bae-3244	409	229	numbers	number	NOUN
bae-3244	409	230	in	in	ADP
bae-3244	409	231	parenthesis	parenthesis	NOUN
bae-3244	409	232	below	below	ADP
bae-3244	409	233	the	the	DET
bae-3244	409	234	coefficients	coefficient	NOUN
bae-3244	409	235	are	be	AUX
bae-3244	409	236	the	the	DET
bae-3244	409	237	t	t	PROPN
bae-3244	409	238	-	-	PUNCT
bae-3244	409	239	statistics	statistic	NOUN
bae-3244	409	240	.	.	PUNCT
bae-3244	410	1	table	table	NOUN
bae-3244	410	2	7	7	NUM
bae-3244	410	3	.	.	PUNCT
bae-3244	411	1	liffe	liffe	PROPN
bae-3244	411	2	–	–	PUNCT
bae-3244	411	3	east	east	PROPN
bae-3244	411	4	anglia	anglia	PROPN
bae-3244	411	5	:	:	PUNCT
bae-3244	411	6	estimates	estimate	NOUN
bae-3244	411	7	of	of	ADP
bae-3244	411	8	effectiveness	effectiveness	NOUN
bae-3244	411	9	of	of	ADP
bae-3244	411	10	short	short	ADJ
bae-3244	411	11	-	-	PUNCT
bae-3244	411	12	term	term	NOUN
bae-3244	411	13	wheat	wheat	NOUN
bae-3244	411	14	hedging	hedging	NOUN
bae-3244	411	15	.	.	PUNCT
bae-3244	412	1	cases	case	NOUN
bae-3244	412	2	coefficients	coefficient	VERB
bae-3244	412	3	r2	r2	PROPN
bae-3244	412	4	slope	slope	NOUN
bae-3244	412	5	dummies	dummy	NOUN
bae-3244	412	6	for	for	ADP
bae-3244	412	7	years	year	NOUN
bae-3244	412	8	with	with	ADP
bae-3244	412	9	high	high	ADJ
bae-3244	412	10	variability	variability	NOUN
bae-3244	412	11	obs	ob	NOUN
bae-3244	412	12	.	.	PUNCT
bae-3244	413	1	α	α	X
bae-3244	413	2	β	β	VERB
bae-3244	413	3	2006	2006	NUM
bae-3244	413	4	2007	2007	NUM
bae-3244	413	5	2008	2008	NUM
bae-3244	413	6	2009	2009	NUM
bae-3244	413	7	2010	2010	NUM
bae-3244	413	8	2011	2011	NUM
bae-3244	413	9	2012	2012	NUM
bae-3244	413	10	7	7	NUM
bae-3244	413	11	days	day	NOUN
bae-3244	413	12	hedge	hedge	VERB
bae-3244	413	13	0.03	0.03	NUM
bae-3244	413	14	0.55	0.55	NUM
bae-3244	413	15	0.32	0.32	NUM
bae-3244	413	16	6,101	6,101	NUM
bae-3244	413	17	(	(	PUNCT
bae-3244	413	18	0.65	0.65	NUM
bae-3244	413	19	)	)	PUNCT
bae-3244	413	20	(	(	PUNCT
bae-3244	413	21	53.07	53.07	NUM
bae-3244	413	22	)	)	PUNCT
bae-3244	413	23	with	with	ADP
bae-3244	413	24	year	year	NOUN
bae-3244	413	25	dummies	dummy	NOUN
bae-3244	413	26	0.00	0.00	NUM
bae-3244	413	27	0.35	0.35	NUM
bae-3244	413	28	0.34	0.34	NUM
bae-3244	413	29	0.22	0.22	NUM
bae-3244	413	30	0.33	0.33	NUM
bae-3244	413	31	0.39	0.39	NUM
bae-3244	413	32	0.27	0.27	NUM
bae-3244	413	33	0.33	0.33	NUM
bae-3244	413	34	0.24	0.24	NUM
bae-3244	413	35	0.57	0.57	NUM
bae-3244	413	36	6,101	6,101	NUM
bae-3244	413	37	(	(	PUNCT
bae-3244	413	38	0.08	0.08	NUM
bae-3244	413	39	)	)	PUNCT
bae-3244	413	40	(	(	PUNCT
bae-3244	413	41	21.45	21.45	NUM
bae-3244	413	42	)	)	PUNCT
bae-3244	413	43	(	(	PUNCT
bae-3244	413	44	2.69	2.69	NUM
bae-3244	413	45	)	)	PUNCT
bae-3244	413	46	(	(	PUNCT
bae-3244	413	47	10.49	10.49	NUM
bae-3244	413	48	)	)	PUNCT
bae-3244	413	49	(	(	PUNCT
bae-3244	413	50	11.09	11.09	NUM
bae-3244	413	51	)	)	PUNCT
bae-3244	413	52	(	(	PUNCT
bae-3244	413	53	6.23	6.23	NUM
bae-3244	413	54	)	)	PUNCT
bae-3244	413	55	(	(	PUNCT
bae-3244	413	56	10.23	10.23	NUM
bae-3244	413	57	)	)	PUNCT
bae-3244	413	58	(	(	PUNCT
bae-3244	413	59	7.79	7.79	NUM
bae-3244	413	60	)	)	PUNCT
bae-3244	413	61	(	(	PUNCT
bae-3244	413	62	5.45	5.45	NUM
bae-3244	413	63	)	)	PUNCT
bae-3244	413	64	30	30	NUM
bae-3244	413	65	days	day	NOUN
bae-3244	413	66	hedge	hedge	VERB
bae-3244	413	67	0.04	0.04	NUM
bae-3244	413	68	0.80	0.80	NUM
bae-3244	413	69	0.65	0.65	NUM
bae-3244	413	70	6,078	6,078	NUM
bae-3244	413	71	(	(	PUNCT
bae-3244	413	72	0.56	0.56	NUM
bae-3244	413	73	)	)	PUNCT
bae-3244	413	74	(	(	PUNCT
bae-3244	413	75	106.93	106.93	NUM
bae-3244	413	76	)	)	PUNCT
bae-3244	413	77	with	with	ADP
bae-3244	413	78	year	year	NOUN
bae-3244	413	79	dummies	dummy	NOUN
bae-3244	413	80	-0.07	-0.07	NUM
bae-3244	413	81	0.60	0.60	NUM
bae-3244	413	82	0.68	0.68	NUM
bae-3244	413	83	0.30	0.30	NUM
bae-3244	413	84	0.32	0.32	NUM
bae-3244	413	85	0.38	0.38	NUM
bae-3244	413	86	0.29	0.29	NUM
bae-3244	413	87	0.31	0.31	NUM
bae-3244	413	88	0.17	0.17	NUM
bae-3244	413	89	0.45	0.45	NUM
bae-3244	413	90	6,078	6,078	NUM
bae-3244	413	91	(	(	PUNCT
bae-3244	413	92	-0.99	-0.99	NOUN
bae-3244	413	93	)	)	PUNCT
bae-3244	413	94	(	(	PUNCT
bae-3244	413	95	48.12	48.12	NUM
bae-3244	413	96	)	)	PUNCT
bae-3244	413	97	(	(	PUNCT
bae-3244	413	98	4.46	4.46	NUM
bae-3244	413	99	)	)	PUNCT
bae-3244	413	100	(	(	PUNCT
bae-3244	413	101	15.16	15.16	NUM
bae-3244	413	102	)	)	PUNCT
bae-3244	413	103	(	(	PUNCT
bae-3244	413	104	16.28	16.28	NUM
bae-3244	413	105	)	)	PUNCT
bae-3244	413	106	(	(	PUNCT
bae-3244	413	107	8.66	8.66	NUM
bae-3244	413	108	)	)	PUNCT
bae-3244	413	109	(	(	PUNCT
bae-3244	413	110	13.91	13.91	NUM
bae-3244	413	111	)	)	PUNCT
bae-3244	413	112	(	(	PUNCT
bae-3244	413	113	6.80	6.80	NUM
bae-3244	413	114	)	)	PUNCT
bae-3244	413	115	(	(	PUNCT
bae-3244	413	116	8.14	8.14	NUM
bae-3244	413	117	)	)	PUNCT
bae-3244	413	118	60	60	NUM
bae-3244	413	119	days	day	NOUN
bae-3244	413	120	hedge	hedge	VERB
bae-3244	413	121	0.00	0.00	NUM
bae-3244	413	122	0.89	0.89	NUM
bae-3244	413	123	0.78	0.78	NUM
bae-3244	413	124	6,048	6,048	NUM
bae-3244	413	125	(	(	PUNCT
bae-3244	413	126	0.04	0.04	NUM
bae-3244	413	127	)	)	PUNCT
bae-3244	413	128	(	(	PUNCT
bae-3244	413	129	145.41	145.41	NUM
bae-3244	413	130	)	)	PUNCT
bae-3244	413	131	with	with	ADP
bae-3244	413	132	year	year	NOUN
bae-3244	413	133	dummies	dummy	NOUN
bae-3244	413	134	-0.06	-0.06	NUM
bae-3244	413	135	0.77	0.77	NUM
bae-3244	413	136	0.78	0.78	NUM
bae-3244	413	137	0.24	0.24	NUM
bae-3244	413	138	0.15	0.15	NUM
bae-3244	413	139	0.22	0.22	NUM
bae-3244	413	140	0.20	0.20	NUM
bae-3244	413	141	0.15	0.15	NUM
bae-3244	413	142	0.15	0.15	NUM
bae-3244	413	143	0.25	0.25	NUM
bae-3244	413	144	6,048	6,048	NUM
bae-3244	413	145	(	(	PUNCT
bae-3244	413	146	-0.70	-0.70	NOUN
bae-3244	413	147	)	)	PUNCT
bae-3244	413	148	(	(	PUNCT
bae-3244	413	149	70.11	70.11	NUM
bae-3244	413	150	)	)	PUNCT
bae-3244	413	151	(	(	PUNCT
bae-3244	413	152	4.56	4.56	NUM
bae-3244	413	153	)	)	PUNCT
bae-3244	413	154	(	(	PUNCT
bae-3244	413	155	8.43	8.43	NUM
bae-3244	413	156	)	)	PUNCT
bae-3244	413	157	(	(	PUNCT
bae-3244	413	158	12.34	12.34	NUM
bae-3244	413	159	)	)	PUNCT
bae-3244	413	160	(	(	PUNCT
bae-3244	413	161	6.31	6.31	NUM
bae-3244	413	162	)	)	PUNCT
bae-3244	413	163	(	(	PUNCT
bae-3244	413	164	8.15	8.15	NUM
bae-3244	413	165	)	)	PUNCT
bae-3244	413	166	(	(	PUNCT
bae-3244	413	167	7.32	7.32	NUM
bae-3244	413	168	)	)	PUNCT
bae-3244	413	169	(	(	PUNCT
bae-3244	413	170	3.79	3.79	NUM
bae-3244	413	171	)	)	PUNCT
bae-3244	413	172	90	90	NUM
bae-3244	413	173	days	day	NOUN
bae-3244	413	174	hedge	hedge	VERB
bae-3244	413	175	-0.05	-0.05	NOUN
bae-3244	413	176	0.95	0.95	NUM
bae-3244	413	177	0.86	0.86	NUM
bae-3244	413	178	6,018	6,018	NUM
bae-3244	413	179	(	(	PUNCT
bae-3244	413	180	-0.54	-0.54	NUM
bae-3244	413	181	)	)	PUNCT
bae-3244	413	182	(	(	PUNCT
bae-3244	413	183	192.66	192.66	NUM
bae-3244	413	184	)	)	PUNCT
bae-3244	413	185	with	with	ADP
bae-3244	413	186	year	year	NOUN
bae-3244	413	187	dummies	dummy	NOUN
bae-3244	413	188	0.01	0.01	NUM
bae-3244	413	189	0.88	0.88	NUM
bae-3244	413	190	0.86	0.86	NUM
bae-3244	413	191	0.04	0.04	NUM
bae-3244	413	192	0.06	0.06	NUM
bae-3244	413	193	0.12	0.12	NUM
bae-3244	413	194	0.13	0.13	NUM
bae-3244	413	195	0.05	0.05	NUM
bae-3244	413	196	0.12	0.12	NUM
bae-3244	413	197	0.04	0.04	NUM
bae-3244	413	198	6,018	6,018	NUM
bae-3244	413	199	(	(	PUNCT
bae-3244	413	200	0.08	0.08	NUM
bae-3244	413	201	)	)	PUNCT
bae-3244	413	202	(	(	PUNCT
bae-3244	413	203	96.53	96.53	NUM
bae-3244	413	204	)	)	PUNCT
bae-3244	413	205	(	(	PUNCT
bae-3244	413	206	0.99	0.99	NUM
bae-3244	413	207	)	)	PUNCT
bae-3244	413	208	(	(	PUNCT
bae-3244	413	209	4.29	4.29	NUM
bae-3244	413	210	)	)	PUNCT
bae-3244	413	211	(	(	PUNCT
bae-3244	413	212	8.59	8.59	NUM
bae-3244	413	213	)	)	PUNCT
bae-3244	413	214	(	(	PUNCT
bae-3244	413	215	3.88	3.88	NUM
bae-3244	413	216	)	)	PUNCT
bae-3244	413	217	(	(	PUNCT
bae-3244	413	218	3.51	3.51	NUM
bae-3244	413	219	)	)	PUNCT
bae-3244	413	220	(	(	PUNCT
bae-3244	413	221	7.03	7.03	NUM
bae-3244	413	222	)	)	PUNCT
bae-3244	413	223	(	(	PUNCT
bae-3244	413	224	0.55	0.55	NUM
bae-3244	413	225	)	)	PUNCT
bae-3244	413	226	note	note	NOUN
bae-3244	413	227	:	:	PUNCT
bae-3244	413	228	the	the	DET
bae-3244	413	229	numbers	number	NOUN
bae-3244	413	230	in	in	ADP
bae-3244	413	231	parenthesis	parenthesis	NOUN
bae-3244	413	232	below	below	ADP
bae-3244	413	233	the	the	DET
bae-3244	413	234	coefficients	coefficient	NOUN
bae-3244	413	235	are	be	AUX
bae-3244	413	236	the	the	DET
bae-3244	413	237	t	t	PROPN
bae-3244	413	238	-	-	PUNCT
bae-3244	413	239	statistics	statistic	NOUN
bae-3244	413	240	.	.	PUNCT
bae-3244	414	1	253european	253european	ADJ
bae-3244	414	2	commodity	commodity	NOUN
bae-3244	414	3	futures	future	NOUN
bae-3244	414	4	markets	market	NOUN
bae-3244	414	5	table	table	VERB
bae-3244	414	6	8	8	NUM
bae-3244	414	7	.	.	PUNCT
bae-3244	415	1	matif	matif	PROPN
bae-3244	415	2	rouen	rouen	PROPN
bae-3244	415	3	:	:	PUNCT
bae-3244	415	4	estimates	estimate	NOUN
bae-3244	415	5	of	of	ADP
bae-3244	415	6	effectiveness	effectiveness	NOUN
bae-3244	415	7	of	of	ADP
bae-3244	415	8	short	short	ADJ
bae-3244	415	9	-	-	PUNCT
bae-3244	415	10	term	term	NOUN
bae-3244	415	11	wheat	wheat	NOUN
bae-3244	415	12	hedging	hedging	NOUN
bae-3244	415	13	.	.	PUNCT
bae-3244	416	1	cases	case	NOUN
bae-3244	416	2	coefficients	coefficient	VERB
bae-3244	416	3	r2	r2	PROPN
bae-3244	416	4	slope	slope	NOUN
bae-3244	416	5	dummies	dummy	NOUN
bae-3244	416	6	for	for	ADP
bae-3244	416	7	years	year	NOUN
bae-3244	416	8	with	with	ADP
bae-3244	416	9	high	high	ADJ
bae-3244	416	10	variability	variability	NOUN
bae-3244	416	11	obs	ob	NOUN
bae-3244	416	12	.	.	PUNCT
bae-3244	417	1	α	α	X
bae-3244	417	2	β	β	VERB
bae-3244	417	3	2006	2006	NUM
bae-3244	417	4	2007	2007	NUM
bae-3244	417	5	2008	2008	NUM
bae-3244	417	6	2009	2009	NUM
bae-3244	417	7	2010	2010	NUM
bae-3244	417	8	2011	2011	NUM
bae-3244	417	9	2012	2012	NUM
bae-3244	417	10	7	7	NUM
bae-3244	417	11	days	day	NOUN
bae-3244	417	12	hedge	hedge	VERB
bae-3244	417	13	0.04	0.04	NUM
bae-3244	417	14	0.72	0.72	NUM
bae-3244	417	15	0.48	0.48	NUM
bae-3244	417	16	3,670	3,670	NUM
bae-3244	417	17	(	(	PUNCT
bae-3244	417	18	0.51	0.51	NUM
bae-3244	417	19	)	)	PUNCT
bae-3244	417	20	(	(	PUNCT
bae-3244	417	21	58.40	58.40	NUM
bae-3244	417	22	)	)	PUNCT
bae-3244	417	23	with	with	ADP
bae-3244	417	24	year	year	NOUN
bae-3244	417	25	dummies	dummy	NOUN
bae-3244	417	26	0.03	0.03	NUM
bae-3244	417	27	0.54	0.54	NUM
bae-3244	417	28	0.50	0.50	NUM
bae-3244	417	29	0.22	0.22	NUM
bae-3244	417	30	0.35	0.35	NUM
bae-3244	417	31	0.32	0.32	NUM
bae-3244	417	32	0.21	0.21	NUM
bae-3244	417	33	0.15	0.15	NUM
bae-3244	417	34	0.01	0.01	NUM
bae-3244	417	35	-0.05	-0.05	NUM
bae-3244	417	36	3,670	3,670	NUM
bae-3244	417	37	(	(	PUNCT
bae-3244	417	38	0.36	0.36	NUM
bae-3244	417	39	)	)	PUNCT
bae-3244	417	40	(	(	PUNCT
bae-3244	417	41	14.33	14.33	NUM
bae-3244	417	42	)	)	PUNCT
bae-3244	417	43	(	(	PUNCT
bae-3244	417	44	2.55	2.55	NUM
bae-3244	417	45	)	)	PUNCT
bae-3244	417	46	(	(	PUNCT
bae-3244	417	47	7.58	7.58	NUM
bae-3244	417	48	)	)	PUNCT
bae-3244	417	49	(	(	PUNCT
bae-3244	417	50	6.90	6.90	NUM
bae-3244	417	51	)	)	PUNCT
bae-3244	417	52	(	(	PUNCT
bae-3244	417	53	2.74	2.74	NUM
bae-3244	417	54	)	)	PUNCT
bae-3244	417	55	(	(	PUNCT
bae-3244	417	56	3.21	3.21	NUM
bae-3244	417	57	)	)	PUNCT
bae-3244	417	58	(	(	PUNCT
bae-3244	417	59	0.15	0.15	NUM
bae-3244	417	60	)	)	PUNCT
bae-3244	417	61	(	(	PUNCT
bae-3244	417	62	-0.53	-0.53	NOUN
bae-3244	417	63	)	)	PUNCT
bae-3244	417	64	30	30	NUM
bae-3244	417	65	days	day	NOUN
bae-3244	417	66	hedge	hedge	VERB
bae-3244	417	67	0.07	0.07	NUM
bae-3244	417	68	0.93	0.93	NUM
bae-3244	417	69	0.85	0.85	NUM
bae-3244	417	70	3,647	3,647	NUM
bae-3244	417	71	(	(	PUNCT
bae-3244	417	72	0.68	0.68	NUM
bae-3244	417	73	)	)	PUNCT
bae-3244	417	74	(	(	PUNCT
bae-3244	417	75	141.03	141.03	NUM
bae-3244	417	76	)	)	PUNCT
bae-3244	417	77	with	with	ADP
bae-3244	417	78	year	year	NOUN
bae-3244	417	79	dummies	dummy	NOUN
bae-3244	417	80	-0.09	-0.09	NUM
bae-3244	417	81	0.82	0.82	NUM
bae-3244	417	82	0.85	0.85	NUM
bae-3244	417	83	0.16	0.16	NUM
bae-3244	417	84	0.21	0.21	NUM
bae-3244	417	85	0.12	0.12	NUM
bae-3244	417	86	0.10	0.10	NUM
bae-3244	417	87	0.08	0.08	NUM
bae-3244	417	88	-0.01	-0.01	NUM
bae-3244	417	89	0.25	0.25	NUM
bae-3244	417	90	3,647	3,647	NUM
bae-3244	417	91	(	(	PUNCT
bae-3244	417	92	-0.84	-0.84	NOUN
bae-3244	417	93	)	)	PUNCT
bae-3244	417	94	(	(	PUNCT
bae-3244	417	95	39.42	39.42	NUM
bae-3244	417	96	)	)	PUNCT
bae-3244	417	97	(	(	PUNCT
bae-3244	417	98	3.42	3.42	NUM
bae-3244	417	99	)	)	PUNCT
bae-3244	417	100	(	(	PUNCT
bae-3244	417	101	8.60	8.60	NUM
bae-3244	417	102	)	)	PUNCT
bae-3244	417	103	(	(	PUNCT
bae-3244	417	104	5.03	5.03	NUM
bae-3244	417	105	)	)	PUNCT
bae-3244	417	106	(	(	PUNCT
bae-3244	417	107	2.37	2.37	NUM
bae-3244	417	108	)	)	PUNCT
bae-3244	417	109	(	(	PUNCT
bae-3244	417	110	3.26	3.26	NUM
bae-3244	417	111	)	)	PUNCT
bae-3244	417	112	(	(	PUNCT
bae-3244	417	113	-0.52	-0.52	NUM
bae-3244	417	114	)	)	PUNCT
bae-3244	417	115	(	(	PUNCT
bae-3244	417	116	4.68	4.68	NUM
bae-3244	417	117	)	)	PUNCT
bae-3244	417	118	60	60	NUM
bae-3244	417	119	days	day	NOUN
bae-3244	417	120	hedge	hedge	VERB
bae-3244	417	121	0.12	0.12	NUM
bae-3244	417	122	0.95	0.95	NUM
bae-3244	417	123	0.91	0.91	NUM
bae-3244	417	124	3,617	3,617	NUM
bae-3244	417	125	(	(	PUNCT
bae-3244	417	126	1.05	1.05	NUM
bae-3244	417	127	)	)	PUNCT
bae-3244	417	128	(	(	PUNCT
bae-3244	417	129	191.33	191.33	NUM
bae-3244	417	130	)	)	PUNCT
bae-3244	417	131	with	with	ADP
bae-3244	417	132	year	year	NOUN
bae-3244	417	133	dummies	dummy	NOUN
bae-3244	417	134	-0.06	-0.06	NUM
bae-3244	417	135	0.92	0.92	NUM
bae-3244	417	136	0.91	0.91	NUM
bae-3244	417	137	0.04	0.04	NUM
bae-3244	417	138	0.07	0.07	NUM
bae-3244	417	139	0.03	0.03	NUM
bae-3244	417	140	0.10	0.10	NUM
bae-3244	417	141	0.05	0.05	NUM
bae-3244	417	142	-0.05	-0.05	NUM
bae-3244	417	143	0.10	0.10	NUM
bae-3244	417	144	3,617	3,617	NUM
bae-3244	417	145	(	(	PUNCT
bae-3244	417	146	-0.51	-0.51	NOUN
bae-3244	417	147	)	)	PUNCT
bae-3244	417	148	(	(	PUNCT
bae-3244	417	149	60.41	60.41	NUM
bae-3244	417	150	)	)	PUNCT
bae-3244	417	151	(	(	PUNCT
bae-3244	417	152	1.22	1.22	NUM
bae-3244	417	153	)	)	PUNCT
bae-3244	417	154	(	(	PUNCT
bae-3244	417	155	3.96	3.96	NUM
bae-3244	417	156	)	)	PUNCT
bae-3244	417	157	(	(	PUNCT
bae-3244	417	158	1.50	1.50	NUM
bae-3244	417	159	)	)	PUNCT
bae-3244	417	160	(	(	PUNCT
bae-3244	417	161	2.36	2.36	NUM
bae-3244	417	162	)	)	PUNCT
bae-3244	417	163	(	(	PUNCT
bae-3244	417	164	2.61	2.61	NUM
bae-3244	417	165	)	)	PUNCT
bae-3244	417	166	(	(	PUNCT
bae-3244	417	167	-2.43	-2.43	NUM
bae-3244	417	168	)	)	PUNCT
bae-3244	417	169	(	(	PUNCT
bae-3244	417	170	2.48	2.48	NUM
bae-3244	417	171	)	)	PUNCT
bae-3244	417	172	90	90	NUM
bae-3244	417	173	days	day	NOUN
bae-3244	417	174	hedge	hedge	VERB
bae-3244	417	175	0.15	0.15	NUM
bae-3244	417	176	0.99	0.99	NUM
bae-3244	417	177	0.94	0.94	NUM
bae-3244	417	178	3,587	3,587	NUM
bae-3244	417	179	(	(	PUNCT
bae-3244	417	180	1.28	1.28	NUM
bae-3244	417	181	)	)	PUNCT
bae-3244	417	182	(	(	PUNCT
bae-3244	417	183	241.48	241.48	NUM
bae-3244	417	184	)	)	PUNCT
bae-3244	417	185	with	with	ADP
bae-3244	417	186	year	year	NOUN
bae-3244	417	187	dummies	dummy	NOUN
bae-3244	417	188	0.25	0.25	NUM
bae-3244	417	189	0.95	0.95	NUM
bae-3244	417	190	0.94	0.94	NUM
bae-3244	417	191	-0.01	-0.01	NUM
bae-3244	417	192	0.04	0.04	NUM
bae-3244	417	193	0.07	0.07	NUM
bae-3244	417	194	0.22	0.22	NUM
bae-3244	417	195	0.06	0.06	NUM
bae-3244	417	196	-0.02	-0.02	NUM
bae-3244	417	197	0.03	0.03	NUM
bae-3244	417	198	3,587	3,587	NUM
bae-3244	417	199	(	(	PUNCT
bae-3244	417	200	1.98	1.98	NUM
bae-3244	417	201	)	)	PUNCT
bae-3244	417	202	(	(	PUNCT
bae-3244	417	203	79.64	79.64	NUM
bae-3244	417	204	)	)	PUNCT
bae-3244	417	205	(	(	PUNCT
bae-3244	417	206	-0.29	-0.29	NOUN
bae-3244	417	207	)	)	PUNCT
bae-3244	417	208	(	(	PUNCT
bae-3244	417	209	2.74	2.74	NUM
bae-3244	417	210	)	)	PUNCT
bae-3244	417	211	(	(	PUNCT
bae-3244	417	212	4.65	4.65	NUM
bae-3244	417	213	)	)	PUNCT
bae-3244	417	214	(	(	PUNCT
bae-3244	417	215	6.47	6.47	NUM
bae-3244	417	216	)	)	PUNCT
bae-3244	417	217	(	(	PUNCT
bae-3244	417	218	3.87	3.87	NUM
bae-3244	417	219	)	)	PUNCT
bae-3244	417	220	(	(	PUNCT
bae-3244	418	1	-1.42	-1.42	NUM
bae-3244	418	2	)	)	PUNCT
bae-3244	418	3	(	(	PUNCT
bae-3244	418	4	0.89	0.89	NUM
bae-3244	418	5	)	)	PUNCT
bae-3244	418	6	note	note	NOUN
bae-3244	418	7	:	:	PUNCT
bae-3244	418	8	the	the	DET
bae-3244	418	9	numbers	number	NOUN
bae-3244	418	10	in	in	ADP
bae-3244	418	11	parenthesis	parenthesis	NOUN
bae-3244	418	12	below	below	ADP
bae-3244	418	13	the	the	DET
bae-3244	418	14	coefficients	coefficient	NOUN
bae-3244	418	15	are	be	AUX
bae-3244	418	16	the	the	DET
bae-3244	418	17	t	t	PROPN
bae-3244	418	18	-	-	PUNCT
bae-3244	418	19	statistics	statistic	NOUN
bae-3244	418	20	.	.	PUNCT
bae-3244	419	1	table	table	NOUN
bae-3244	419	2	9	9	NUM
bae-3244	419	3	.	.	X
bae-3244	420	1	matif	matif	ADJ
bae-3244	420	2	–	–	PUNCT
bae-3244	420	3	bologna	bologna	NOUN
bae-3244	420	4	:	:	PUNCT
bae-3244	420	5	estimates	estimate	NOUN
bae-3244	420	6	of	of	ADP
bae-3244	420	7	effectiveness	effectiveness	NOUN
bae-3244	420	8	of	of	ADP
bae-3244	420	9	short	short	ADJ
bae-3244	420	10	-	-	PUNCT
bae-3244	420	11	term	term	NOUN
bae-3244	420	12	wheat	wheat	NOUN
bae-3244	420	13	hedging	hedging	NOUN
bae-3244	420	14	.	.	PUNCT
bae-3244	421	1	cases	case	NOUN
bae-3244	421	2	coefficients	coefficient	VERB
bae-3244	421	3	r2	r2	PROPN
bae-3244	421	4	slope	slope	NOUN
bae-3244	421	5	dummies	dummy	NOUN
bae-3244	421	6	for	for	ADP
bae-3244	421	7	years	year	NOUN
bae-3244	421	8	with	with	ADP
bae-3244	421	9	high	high	ADJ
bae-3244	421	10	variability	variability	NOUN
bae-3244	421	11	obs	ob	NOUN
bae-3244	421	12	.	.	PUNCT
bae-3244	422	1	α	α	X
bae-3244	422	2	β	β	VERB
bae-3244	422	3	2006	2006	NUM
bae-3244	422	4	2007	2007	NUM
bae-3244	422	5	2008	2008	NUM
bae-3244	422	6	2009	2009	NUM
bae-3244	422	7	2010	2010	NUM
bae-3244	422	8	2011	2011	NUM
bae-3244	422	9	2012	2012	NUM
bae-3244	422	10	7	7	NUM
bae-3244	422	11	days	day	NOUN
bae-3244	422	12	hedge	hedge	VERB
bae-3244	422	13	0.09	0.09	NUM
bae-3244	422	14	0.35	0.35	NUM
bae-3244	422	15	0.18	0.18	NUM
bae-3244	422	16	3,670	3,670	NUM
bae-3244	422	17	(	(	PUNCT
bae-3244	422	18	1.13	1.13	NUM
bae-3244	422	19	)	)	PUNCT
bae-3244	422	20	(	(	PUNCT
bae-3244	422	21	28.85	28.85	NUM
bae-3244	422	22	)	)	PUNCT
bae-3244	422	23	with	with	ADP
bae-3244	422	24	year	year	NOUN
bae-3244	422	25	dummies	dummy	NOUN
bae-3244	422	26	0.11	0.11	NUM
bae-3244	422	27	0.34	0.34	NUM
bae-3244	422	28	0.19	0.19	NUM
bae-3244	422	29	0.07	0.07	NUM
bae-3244	422	30	0.02	0.02	NUM
bae-3244	422	31	-0.03	-0.03	NUM
bae-3244	422	32	-0.04	-0.04	NUM
bae-3244	422	33	-0.05	-0.05	NUM
bae-3244	422	34	0.12	0.12	NUM
bae-3244	422	35	-0.07	-0.07	NUM
bae-3244	422	36	3,670	3,670	NUM
bae-3244	422	37	(	(	PUNCT
bae-3244	422	38	1.27	1.27	NUM
bae-3244	422	39	)	)	PUNCT
bae-3244	422	40	(	(	PUNCT
bae-3244	422	41	8.92	8.92	NUM
bae-3244	422	42	)	)	PUNCT
bae-3244	422	43	(	(	PUNCT
bae-3244	422	44	0.78	0.78	NUM
bae-3244	422	45	)	)	PUNCT
bae-3244	422	46	(	(	PUNCT
bae-3244	422	47	0.33	0.33	NUM
bae-3244	422	48	)	)	PUNCT
bae-3244	422	49	(	(	PUNCT
bae-3244	422	50	-0.57	-0.57	NUM
bae-3244	422	51	)	)	PUNCT
bae-3244	422	52	(	(	PUNCT
bae-3244	422	53	-0.52	-0.52	NUM
bae-3244	422	54	)	)	PUNCT
bae-3244	422	55	(	(	PUNCT
bae-3244	422	56	-1.02	-1.02	X
bae-3244	422	57	)	)	PUNCT
bae-3244	422	58	(	(	PUNCT
bae-3244	422	59	2.49	2.49	NUM
bae-3244	422	60	)	)	PUNCT
bae-3244	422	61	(	(	PUNCT
bae-3244	422	62	-0.67	-0.67	X
bae-3244	422	63	)	)	PUNCT
bae-3244	422	64	30	30	NUM
bae-3244	422	65	days	day	NOUN
bae-3244	422	66	hedge	hedge	VERB
bae-3244	422	67	0.15	0.15	NUM
bae-3244	422	68	0.70	0.70	NUM
bae-3244	422	69	0.57	0.57	NUM
bae-3244	422	70	3,647	3,647	NUM
bae-3244	422	71	(	(	PUNCT
bae-3244	422	72	0.94	0.94	NUM
bae-3244	422	73	)	)	PUNCT
bae-3244	422	74	(	(	PUNCT
bae-3244	422	75	70.20	70.20	NUM
bae-3244	422	76	)	)	PUNCT
bae-3244	422	77	with	with	ADP
bae-3244	422	78	year	year	NOUN
bae-3244	422	79	dummies	dummy	NOUN
bae-3244	422	80	-0.07	-0.07	NUM
bae-3244	422	81	0.71	0.71	NUM
bae-3244	422	82	0.59	0.59	NUM
bae-3244	422	83	0.19	0.19	NUM
bae-3244	422	84	0.02	0.02	NUM
bae-3244	422	85	-0.19	-0.19	NOUN
bae-3244	422	86	-0.09	-0.09	NUM
bae-3244	422	87	0.04	0.04	NUM
bae-3244	422	88	0.15	0.15	NUM
bae-3244	422	89	-0.12	-0.12	NUM
bae-3244	422	90	3,647	3,647	NUM
bae-3244	422	91	(	(	PUNCT
bae-3244	422	92	-0.45	-0.45	NOUN
bae-3244	422	93	)	)	PUNCT
bae-3244	422	94	(	(	PUNCT
bae-3244	422	95	22.51	22.51	NUM
bae-3244	422	96	)	)	PUNCT
bae-3244	422	97	(	(	PUNCT
bae-3244	422	98	2.72	2.72	NUM
bae-3244	422	99	)	)	PUNCT
bae-3244	422	100	(	(	PUNCT
bae-3244	422	101	0.50	0.50	NUM
bae-3244	422	102	)	)	PUNCT
bae-3244	422	103	(	(	PUNCT
bae-3244	422	104	-5.16	-5.16	NOUN
bae-3244	422	105	)	)	PUNCT
bae-3244	422	106	(	(	PUNCT
bae-3244	422	107	-1.44	-1.44	X
bae-3244	422	108	)	)	PUNCT
bae-3244	422	109	(	(	PUNCT
bae-3244	422	110	1.10	1.10	NUM
bae-3244	422	111	)	)	PUNCT
bae-3244	422	112	(	(	PUNCT
bae-3244	422	113	3.81	3.81	NUM
bae-3244	422	114	)	)	PUNCT
bae-3244	422	115	(	(	PUNCT
bae-3244	422	116	-1.53	-1.53	X
bae-3244	422	117	)	)	PUNCT
bae-3244	422	118	60	60	NUM
bae-3244	422	119	days	day	NOUN
bae-3244	422	120	hedge	hedge	VERB
bae-3244	422	121	0.04	0.04	NUM
bae-3244	422	122	0.81	0.81	NUM
bae-3244	422	123	0.71	0.71	NUM
bae-3244	422	124	3,617	3,617	NUM
bae-3244	422	125	(	(	PUNCT
bae-3244	422	126	0.20	0.20	NUM
bae-3244	422	127	)	)	PUNCT
bae-3244	422	128	(	(	PUNCT
bae-3244	422	129	93.43	93.43	NUM
bae-3244	422	130	)	)	PUNCT
bae-3244	422	131	with	with	ADP
bae-3244	422	132	year	year	NOUN
bae-3244	422	133	dummies	dummy	NOUN
bae-3244	422	134	-0.29	-0.29	NOUN
bae-3244	422	135	0.92	0.92	NUM
bae-3244	422	136	0.73	0.73	NUM
bae-3244	422	137	0.07	0.07	NUM
bae-3244	422	138	-0.03	-0.03	NUM
bae-3244	422	139	-0.31	-0.31	PRON
bae-3244	423	1	-0.37	-0.37	NUM
bae-3244	423	2	-0.12	-0.12	NUM
bae-3244	423	3	0.12	0.12	NUM
bae-3244	423	4	-0.30	-0.30	NUM
bae-3244	423	5	3,617	3,617	NUM
bae-3244	423	6	(	(	PUNCT
bae-3244	423	7	-1.45	-1.45	ADV
bae-3244	423	8	)	)	PUNCT
bae-3244	423	9	(	(	PUNCT
bae-3244	423	10	35.70	35.70	NUM
bae-3244	423	11	)	)	PUNCT
bae-3244	423	12	(	(	PUNCT
bae-3244	423	13	1.29	1.29	NUM
bae-3244	423	14	)	)	PUNCT
bae-3244	423	15	(	(	PUNCT
bae-3244	423	16	-0.86	-0.86	INTJ
bae-3244	423	17	)	)	PUNCT
bae-3244	423	18	(	(	PUNCT
bae-3244	423	19	-10.05	-10.05	NOUN
bae-3244	423	20	)	)	PUNCT
bae-3244	423	21	(	(	PUNCT
bae-3244	423	22	-5.17	-5.17	NUM
bae-3244	423	23	)	)	PUNCT
bae-3244	423	24	(	(	PUNCT
bae-3244	423	25	-3.74	-3.74	NUM
bae-3244	423	26	)	)	PUNCT
bae-3244	423	27	(	(	PUNCT
bae-3244	423	28	3.45	3.45	NUM
bae-3244	423	29	)	)	PUNCT
bae-3244	423	30	(	(	PUNCT
bae-3244	423	31	-4.69	-4.69	NOUN
bae-3244	423	32	)	)	PUNCT
bae-3244	423	33	90	90	NUM
bae-3244	423	34	days	day	NOUN
bae-3244	423	35	hedge	hedge	VERB
bae-3244	423	36	0.00	0.00	NUM
bae-3244	423	37	0.90	0.90	NUM
bae-3244	423	38	0.78	0.78	NUM
bae-3244	423	39	3,587	3,587	NUM
bae-3244	423	40	(	(	PUNCT
bae-3244	423	41	0.01	0.01	NUM
bae-3244	423	42	)	)	PUNCT
bae-3244	423	43	(	(	PUNCT
bae-3244	423	44	114.28	114.28	NUM
bae-3244	423	45	)	)	PUNCT
bae-3244	423	46	with	with	ADP
bae-3244	423	47	year	year	NOUN
bae-3244	423	48	dummies	dummy	NOUN
bae-3244	423	49	-0.13	-0.13	NUM
bae-3244	423	50	1.00	1.00	NUM
bae-3244	423	51	0.80	0.80	NUM
bae-3244	423	52	-0.06	-0.06	NUM
bae-3244	423	53	-0.06	-0.06	PROPN
bae-3244	423	54	-0.27	-0.27	PROPN
bae-3244	423	55	-0.10	-0.10	NUM
bae-3244	423	56	-0.13	-0.13	NUM
bae-3244	423	57	0.11	0.11	NUM
bae-3244	423	58	-0.40	-0.40	NUM
bae-3244	423	59	3,587	3,587	NUM
bae-3244	423	60	(	(	PUNCT
bae-3244	423	61	-0.54	-0.54	NUM
bae-3244	423	62	)	)	PUNCT
bae-3244	423	63	(	(	PUNCT
bae-3244	423	64	45.09	45.09	NUM
bae-3244	423	65	)	)	PUNCT
bae-3244	423	66	(	(	PUNCT
bae-3244	423	67	-1.26	-1.26	NUM
bae-3244	423	68	)	)	PUNCT
bae-3244	423	69	(	(	PUNCT
bae-3244	423	70	-2.27	-2.27	NUM
bae-3244	423	71	)	)	PUNCT
bae-3244	423	72	(	(	PUNCT
bae-3244	423	73	-9.85	-9.85	NOUN
bae-3244	423	74	)	)	PUNCT
bae-3244	423	75	(	(	PUNCT
bae-3244	423	76	-1.49	-1.49	INTJ
bae-3244	423	77	)	)	PUNCT
bae-3244	423	78	(	(	PUNCT
bae-3244	423	79	-4.78	-4.78	NOUN
bae-3244	423	80	)	)	PUNCT
bae-3244	423	81	(	(	PUNCT
bae-3244	423	82	3.53	3.53	NUM
bae-3244	423	83	)	)	PUNCT
bae-3244	423	84	(	(	PUNCT
bae-3244	423	85	-6.58	-6.58	NOUN
bae-3244	423	86	)	)	PUNCT
bae-3244	423	87	note	note	NOUN
bae-3244	423	88	:	:	PUNCT
bae-3244	423	89	the	the	DET
bae-3244	423	90	numbers	number	NOUN
bae-3244	423	91	in	in	ADP
bae-3244	423	92	parenthesis	parenthesis	NOUN
bae-3244	423	93	below	below	ADP
bae-3244	423	94	the	the	DET
bae-3244	423	95	coefficients	coefficient	NOUN
bae-3244	423	96	are	be	AUX
bae-3244	423	97	the	the	DET
bae-3244	423	98	t	t	PROPN
bae-3244	423	99	-	-	PUNCT
bae-3244	423	100	statistics	statistic	NOUN
bae-3244	423	101	.	.	PUNCT
bae-3244	424	1	254	254	NUM
bae-3244	424	2	c.	c.	PROPN
bae-3244	424	3	revoredo	revoredo	PROPN
bae-3244	424	4	-	-	PUNCT
bae-3244	424	5	giha	giha	PROPN
bae-3244	424	6	,	,	PUNCT
bae-3244	424	7	m.	m.	NOUN
bae-3244	424	8	zuppiroli	zuppiroli	NOUN
bae-3244	424	9	with	with	ADP
bae-3244	424	10	respect	respect	NOUN
bae-3244	424	11	to	to	ADP
bae-3244	424	12	the	the	DET
bae-3244	424	13	hedging	hedging	NOUN
bae-3244	424	14	effectiveness	effectiveness	NOUN
bae-3244	424	15	analysis	analysis	NOUN
bae-3244	424	16	,	,	PUNCT
bae-3244	424	17	the	the	DET
bae-3244	424	18	results	result	NOUN
bae-3244	424	19	can	can	AUX
bae-3244	424	20	be	be	AUX
bae-3244	424	21	divided	divide	VERB
bae-3244	424	22	into	into	ADP
bae-3244	424	23	:	:	PUNCT
bae-3244	424	24	first	first	ADV
bae-3244	424	25	,	,	PUNCT
bae-3244	424	26	farmers	farmer	NOUN
bae-3244	424	27	’	'	PUNCT
bae-3244	424	28	hedging	hedging	NOUN
bae-3244	424	29	,	,	PUNCT
bae-3244	424	30	and	and	CCONJ
bae-3244	424	31	second	second	ADJ
bae-3244	424	32	,	,	PUNCT
bae-3244	424	33	by	by	ADP
bae-3244	424	34	other	other	ADJ
bae-3244	424	35	supply	supply	NOUN
bae-3244	424	36	chain	chain	NOUN
bae-3244	424	37	members	member	NOUN
bae-3244	424	38	.	.	PUNCT
bae-3244	425	1	for	for	ADP
bae-3244	425	2	farmers	farmer	NOUN
bae-3244	425	3	,	,	PUNCT
bae-3244	425	4	although	although	SCONJ
bae-3244	425	5	some	some	PRON
bae-3244	425	6	of	of	ADP
bae-3244	425	7	the	the	DET
bae-3244	425	8	results	result	NOUN
bae-3244	425	9	indicate	indicate	VERB
bae-3244	425	10	a	a	DET
bae-3244	425	11	significant	significant	ADJ
bae-3244	425	12	reduction	reduction	NOUN
bae-3244	425	13	in	in	ADP
bae-3244	425	14	the	the	DET
bae-3244	425	15	price	price	NOUN
bae-3244	425	16	risk	risk	NOUN
bae-3244	425	17	(	(	PUNCT
bae-3244	425	18	e.g.	e.g.	ADV
bae-3244	425	19	,	,	PUNCT
bae-3244	425	20	liffe	liffe	PROPN
bae-3244	425	21	-	-	PUNCT
bae-3244	425	22	east	east	PROPN
bae-3244	425	23	anglia	anglia	PROPN
bae-3244	425	24	and	and	CCONJ
bae-3244	425	25	matif	matif	PROPN
bae-3244	425	26	-	-	PUNCT
bae-3244	425	27	rouen	rouen	NOUN
bae-3244	425	28	)	)	PUNCT
bae-3244	425	29	,	,	PUNCT
bae-3244	425	30	it	it	PRON
bae-3244	425	31	is	be	AUX
bae-3244	425	32	clear	clear	ADJ
bae-3244	425	33	that	that	SCONJ
bae-3244	425	34	the	the	DET
bae-3244	425	35	instability	instability	NOUN
bae-3244	425	36	of	of	ADP
bae-3244	425	37	the	the	DET
bae-3244	425	38	period	period	NOUN
bae-3244	425	39	2006	2006	NUM
bae-3244	425	40	-	-	SYM
bae-3244	425	41	07	07	NUM
bae-3244	425	42	to	to	ADP
bae-3244	425	43	2010	2010	NUM
bae-3244	425	44	-	-	SYM
bae-3244	425	45	11	11	NUM
bae-3244	425	46	affected	affect	VERB
bae-3244	425	47	significantly	significantly	ADV
bae-3244	425	48	the	the	DET
bae-3244	425	49	estimation	estimation	NOUN
bae-3244	425	50	of	of	ADP
bae-3244	425	51	the	the	DET
bae-3244	425	52	optimal	optimal	ADJ
bae-3244	425	53	hedging	hedging	NOUN
bae-3244	425	54	ratios	ratio	NOUN
bae-3244	425	55	.	.	PUNCT
bae-3244	426	1	furthermore	furthermore	ADV
bae-3244	426	2	,	,	PUNCT
bae-3244	426	3	the	the	DET
bae-3244	426	4	introduction	introduction	NOUN
bae-3244	426	5	of	of	ADP
bae-3244	426	6	dummy	dummy	ADJ
bae-3244	426	7	variables	variable	NOUN
bae-3244	426	8	to	to	PART
bae-3244	426	9	control	control	VERB
bae-3244	426	10	for	for	ADP
bae-3244	426	11	the	the	DET
bae-3244	426	12	variability	variability	NOUN
bae-3244	426	13	shows	show	VERB
bae-3244	426	14	an	an	DET
bae-3244	426	15	important	important	ADJ
bae-3244	426	16	improvement	improvement	NOUN
bae-3244	426	17	in	in	ADP
bae-3244	426	18	the	the	DET
bae-3244	426	19	reduction	reduction	NOUN
bae-3244	426	20	of	of	ADP
bae-3244	426	21	the	the	DET
bae-3244	426	22	price	price	NOUN
bae-3244	426	23	risk	risk	NOUN
bae-3244	426	24	.	.	PUNCT
bae-3244	427	1	this	this	PRON
bae-3244	427	2	is	be	AUX
bae-3244	427	3	common	common	ADJ
bae-3244	427	4	to	to	ADP
bae-3244	427	5	all	all	DET
bae-3244	427	6	the	the	DET
bae-3244	427	7	markets	market	NOUN
bae-3244	427	8	.	.	PUNCT
bae-3244	428	1	therefore	therefore	ADV
bae-3244	428	2	,	,	PUNCT
bae-3244	428	3	one	one	PRON
bae-3244	428	4	can	can	AUX
bae-3244	428	5	conclude	conclude	VERB
bae-3244	428	6	that	that	PRON
bae-3244	428	7	price	price	NOUN
bae-3244	428	8	volatility	volatility	NOUN
bae-3244	428	9	affected	affect	VERB
bae-3244	428	10	significantly	significantly	ADV
bae-3244	428	11	the	the	DET
bae-3244	428	12	hedging	hedging	NOUN
bae-3244	428	13	effectiveness	effectiveness	NOUN
bae-3244	428	14	for	for	ADP
bae-3244	428	15	farmers	farmer	NOUN
bae-3244	428	16	.	.	PUNCT
bae-3244	429	1	the	the	DET
bae-3244	429	2	results	result	NOUN
bae-3244	429	3	for	for	ADP
bae-3244	429	4	the	the	DET
bae-3244	429	5	other	other	ADJ
bae-3244	429	6	participants	participant	NOUN
bae-3244	429	7	of	of	ADP
bae-3244	429	8	the	the	DET
bae-3244	429	9	wheat	wheat	NOUN
bae-3244	429	10	supply	supply	NOUN
bae-3244	429	11	chain	chain	NOUN
bae-3244	429	12	(	(	PUNCT
bae-3244	429	13	i.e.	i.e.	X
bae-3244	429	14	,	,	PUNCT
bae-3244	429	15	short	short	ADJ
bae-3244	429	16	hedging	hedging	NOUN
bae-3244	429	17	)	)	PUNCT
bae-3244	429	18	show	show	NOUN
bae-3244	429	19	,	,	PUNCT
bae-3244	429	20	for	for	ADP
bae-3244	429	21	most	most	ADJ
bae-3244	429	22	of	of	ADP
bae-3244	429	23	the	the	DET
bae-3244	429	24	cases	case	NOUN
bae-3244	429	25	,	,	PUNCT
bae-3244	429	26	higher	high	ADJ
bae-3244	429	27	price	price	NOUN
bae-3244	429	28	risk	risk	NOUN
bae-3244	429	29	reduction	reduction	NOUN
bae-3244	429	30	than	than	ADP
bae-3244	429	31	that	that	PRON
bae-3244	429	32	observed	observe	VERB
bae-3244	429	33	for	for	ADP
bae-3244	429	34	farmers	farmer	NOUN
bae-3244	429	35	’	’	PART
bae-3244	429	36	hedges	hedge	NOUN
bae-3244	429	37	(	(	PUNCT
bae-3244	429	38	although	although	SCONJ
bae-3244	429	39	an	an	DET
bae-3244	429	40	exception	exception	NOUN
bae-3244	429	41	are	be	AUX
bae-3244	429	42	the	the	DET
bae-3244	429	43	7	7	NUM
bae-3244	429	44	-	-	PUNCT
bae-3244	429	45	day	day	NOUN
bae-3244	429	46	hedges	hedge	NOUN
bae-3244	429	47	for	for	ADP
bae-3244	429	48	wheat	wheat	NOUN
bae-3244	429	49	from	from	ADP
bae-3244	429	50	bologna	bologna	PROPN
bae-3244	429	51	being	be	AUX
bae-3244	429	52	hedged	hedge	VERB
bae-3244	429	53	at	at	ADP
bae-3244	429	54	the	the	DET
bae-3244	429	55	matif	matif	ADJ
bae-3244	429	56	market	market	NOUN
bae-3244	429	57	)	)	PUNCT
bae-3244	429	58	.	.	PUNCT
bae-3244	430	1	in	in	ADP
bae-3244	430	2	addition	addition	NOUN
bae-3244	430	3	,	,	PUNCT
bae-3244	430	4	the	the	DET
bae-3244	430	5	inclusion	inclusion	NOUN
bae-3244	430	6	of	of	ADP
bae-3244	430	7	dummies	dummy	NOUN
bae-3244	430	8	in	in	ADP
bae-3244	430	9	the	the	DET
bae-3244	430	10	regression	regression	NOUN
bae-3244	430	11	to	to	PART
bae-3244	430	12	estimate	estimate	VERB
bae-3244	430	13	the	the	DET
bae-3244	430	14	optimal	optimal	ADJ
bae-3244	430	15	hedging	hedging	NOUN
bae-3244	430	16	ratio	ratio	NOUN
bae-3244	430	17	do	do	AUX
bae-3244	430	18	not	not	PART
bae-3244	430	19	increased	increase	VERB
bae-3244	430	20	much	much	ADV
bae-3244	430	21	the	the	DET
bae-3244	430	22	r2	r2	PROPN
bae-3244	430	23	(	(	PUNCT
bae-3244	430	24	such	such	ADJ
bae-3244	430	25	as	as	ADP
bae-3244	430	26	in	in	ADP
bae-3244	430	27	the	the	DET
bae-3244	430	28	case	case	NOUN
bae-3244	430	29	of	of	ADP
bae-3244	430	30	the	the	DET
bae-3244	430	31	farmers	farmer	NOUN
bae-3244	430	32	’	'	PUNCT
bae-3244	430	33	hedge	hedge	NOUN
bae-3244	430	34	)	)	PUNCT
bae-3244	430	35	,	,	PUNCT
bae-3244	430	36	showing	show	VERB
bae-3244	430	37	that	that	SCONJ
bae-3244	430	38	short	short	ADJ
bae-3244	430	39	-	-	PUNCT
bae-3244	430	40	term	term	NOUN
bae-3244	430	41	hedges	hedge	NOUN
bae-3244	430	42	were	be	AUX
bae-3244	430	43	not	not	PART
bae-3244	430	44	much	much	ADV
bae-3244	430	45	affected	affect	VERB
bae-3244	430	46	by	by	ADP
bae-3244	430	47	the	the	DET
bae-3244	430	48	increasing	increase	VERB
bae-3244	430	49	price	price	NOUN
bae-3244	430	50	volatility	volatility	NOUN
bae-3244	430	51	.	.	PUNCT
bae-3244	431	1	the	the	DET
bae-3244	431	2	above	above	ADJ
bae-3244	431	3	results	result	NOUN
bae-3244	431	4	imply	imply	VERB
bae-3244	431	5	that	that	SCONJ
bae-3244	431	6	the	the	DET
bae-3244	431	7	studied	study	VERB
bae-3244	431	8	futures	future	NOUN
bae-3244	431	9	markets	market	NOUN
bae-3244	431	10	are	be	AUX
bae-3244	431	11	not	not	PART
bae-3244	431	12	only	only	ADV
bae-3244	431	13	still	still	ADV
bae-3244	431	14	efficient	efficient	ADJ
bae-3244	431	15	but	but	CCONJ
bae-3244	431	16	may	may	AUX
bae-3244	431	17	also	also	ADV
bae-3244	431	18	be	be	AUX
bae-3244	431	19	a	a	DET
bae-3244	431	20	useful	useful	ADJ
bae-3244	431	21	tool	tool	NOUN
bae-3244	431	22	for	for	ADP
bae-3244	431	23	the	the	DET
bae-3244	431	24	reduction	reduction	NOUN
bae-3244	431	25	of	of	ADP
bae-3244	431	26	price	price	NOUN
bae-3244	431	27	risk	risk	NOUN
bae-3244	431	28	(	(	PUNCT
bae-3244	431	29	e.g.	e.g.	ADV
bae-3244	431	30	,	,	PUNCT
bae-3244	431	31	they	they	PRON
bae-3244	431	32	might	might	AUX
bae-3244	431	33	be	be	AUX
bae-3244	431	34	useful	useful	ADJ
bae-3244	431	35	for	for	ADP
bae-3244	431	36	food	food	NOUN
bae-3244	431	37	security	security	NOUN
bae-3244	431	38	purposes	purpose	NOUN
bae-3244	431	39	)	)	PUNCT
bae-3244	431	40	.	.	PUNCT
bae-3244	432	1	however	however	ADV
bae-3244	432	2	,	,	PUNCT
bae-3244	432	3	it	it	PRON
bae-3244	432	4	is	be	AUX
bae-3244	432	5	important	important	ADJ
bae-3244	432	6	to	to	PART
bae-3244	432	7	stress	stress	VERB
bae-3244	432	8	that	that	SCONJ
bae-3244	432	9	the	the	DET
bae-3244	432	10	analysis	analysis	NOUN
bae-3244	432	11	carried	carry	VERB
bae-3244	432	12	out	out	ADP
bae-3244	432	13	in	in	ADP
bae-3244	432	14	this	this	DET
bae-3244	432	15	paper	paper	NOUN
bae-3244	432	16	is	be	AUX
bae-3244	432	17	only	only	ADV
bae-3244	432	18	valid	valid	ADJ
bae-3244	432	19	for	for	ADP
bae-3244	432	20	the	the	DET
bae-3244	432	21	regions	region	NOUN
bae-3244	432	22	where	where	SCONJ
bae-3244	432	23	the	the	DET
bae-3244	432	24	exchanges	exchange	NOUN
bae-3244	432	25	are	be	AUX
bae-3244	432	26	and	and	CCONJ
bae-3244	432	27	can	can	AUX
bae-3244	432	28	not	not	PART
bae-3244	432	29	be	be	AUX
bae-3244	432	30	extrapolated	extrapolate	VERB
bae-3244	432	31	to	to	ADP
bae-3244	432	32	other	other	ADJ
bae-3244	432	33	regions	region	NOUN
bae-3244	432	34	without	without	ADP
bae-3244	432	35	careful	careful	ADJ
bae-3244	432	36	evaluation	evaluation	NOUN
bae-3244	432	37	.	.	PUNCT
bae-3244	433	1	acknowledgements	acknowledgement	NOUN
bae-3244	433	2	an	an	DET
bae-3244	433	3	earlier	early	ADJ
bae-3244	433	4	version	version	NOUN
bae-3244	433	5	of	of	ADP
bae-3244	433	6	this	this	DET
bae-3244	433	7	paper	paper	NOUN
bae-3244	433	8	was	be	AUX
bae-3244	433	9	presented	present	VERB
bae-3244	433	10	at	at	ADP
bae-3244	433	11	the	the	DET
bae-3244	433	12	2nd	2nd	ADJ
bae-3244	433	13	aieaa	aieaa	ADJ
bae-3244	433	14	conference	conference	NOUN
bae-3244	433	15	“	"	PUNCT
bae-3244	433	16	between	between	ADP
bae-3244	433	17	crisis	crisis	NOUN
bae-3244	433	18	and	and	CCONJ
bae-3244	433	19	development	development	NOUN
bae-3244	433	20	:	:	PUNCT
bae-3244	433	21	which	which	DET
bae-3244	433	22	role	role	NOUN
bae-3244	433	23	for	for	ADP
bae-3244	433	24	the	the	DET
bae-3244	433	25	bio	bio	NOUN
bae-3244	433	26	-	-	NOUN
bae-3244	433	27	economy	economy	NOUN
bae-3244	433	28	”	"	PUNCT
bae-3244	433	29	,	,	PUNCT
bae-3244	433	30	6	6	NUM
bae-3244	433	31	-	-	SYM
bae-3244	433	32	7	7	NUM
bae-3244	433	33	june	june	PROPN
bae-3244	433	34	,	,	PUNCT
bae-3244	433	35	2013	2013	NUM
bae-3244	433	36	,	,	PUNCT
bae-3244	433	37	parma	parma	PROPN
bae-3244	433	38	,	,	PUNCT
bae-3244	433	39	italy	italy	PROPN
bae-3244	433	40	.	.	PUNCT
bae-3244	434	1	references	reference	NOUN
bae-3244	434	2	bohl	bohl	PROPN
bae-3244	434	3	,	,	PUNCT
bae-3244	434	4	m.	m.	NOUN
bae-3244	434	5	,	,	PUNCT
bae-3244	434	6	and	and	CCONJ
bae-3244	434	7	stephan	stephan	PROPN
bae-3244	434	8	,	,	PUNCT
bae-3244	434	9	p.	p.	NOUN
bae-3244	434	10	(	(	PUNCT
bae-3244	434	11	2012	2012	NUM
bae-3244	434	12	)	)	PUNCT
bae-3244	434	13	.	.	PUNCT
bae-3244	435	1	does	do	AUX
bae-3244	435	2	futures	future	NOUN
bae-3244	435	3	speculation	speculation	NOUN
bae-3244	435	4	destabilize	destabilize	VERB
bae-3244	435	5	spot	spot	NOUN
bae-3244	435	6	prices	price	NOUN
bae-3244	435	7	?	?	PUNCT
bae-3244	436	1	new	new	ADJ
bae-3244	436	2	evidence	evidence	NOUN
bae-3244	436	3	for	for	ADP
bae-3244	436	4	commodity	commodity	NOUN
bae-3244	436	5	markets	market	NOUN
bae-3244	436	6	.	.	PUNCT
bae-3244	437	1	www.papers.ssrn.com	www.papers.ssrn.com	PROPN
bae-3244	437	2	.	.	PROPN
bae-3244	438	1	accessed	access	VERB
bae-3244	438	2	28	28	NUM
bae-3244	438	3	october	october	PROPN
bae-3244	438	4	2012	2012	NUM
bae-3244	438	5	.	.	PUNCT
bae-3244	439	1	carter	carter	PROPN
bae-3244	439	2	,	,	PUNCT
bae-3244	439	3	c.	c.	PROPN
bae-3244	439	4	(	(	PUNCT
bae-3244	439	5	1984	1984	NUM
bae-3244	439	6	)	)	PUNCT
bae-3244	439	7	.	.	PUNCT
bae-3244	440	1	an	an	DET
bae-3244	440	2	evaluation	evaluation	NOUN
bae-3244	440	3	of	of	ADP
bae-3244	440	4	pricing	pricing	NOUN
bae-3244	440	5	performance	performance	NOUN
bae-3244	440	6	and	and	CCONJ
bae-3244	440	7	hedging	hedging	NOUN
bae-3244	440	8	effectiveness	effectiveness	NOUN
bae-3244	440	9	of	of	ADP
bae-3244	440	10	the	the	DET
bae-3244	440	11	barley	barley	NOUN
bae-3244	440	12	futures	future	NOUN
bae-3244	440	13	market	market	NOUN
bae-3244	440	14	.	.	PUNCT
bae-3244	441	1	western	western	ADJ
bae-3244	441	2	journal	journal	PROPN
bae-3244	441	3	of	of	ADP
bae-3244	441	4	agricultural	agricultural	ADJ
bae-3244	441	5	economics	economic	NOUN
bae-3244	441	6	9(1	9(1	NUM
bae-3244	441	7	):	):	PUNCT
bae-3244	441	8	1	1	NUM
bae-3244	441	9	-	-	SYM
bae-3244	441	10	13	13	NUM
bae-3244	441	11	.	.	PUNCT
bae-3244	442	1	cootner	cootner	PROPN
bae-3244	442	2	,	,	PUNCT
bae-3244	442	3	p.h	p.h	PROPN
bae-3244	442	4	.	.	PROPN
bae-3244	442	5	(	(	PUNCT
bae-3244	442	6	1960	1960	NUM
bae-3244	442	7	)	)	PUNCT
bae-3244	442	8	.	.	PUNCT
bae-3244	443	1	returns	return	NOUN
bae-3244	443	2	to	to	ADP
bae-3244	443	3	speculators	speculator	NOUN
bae-3244	443	4	:	:	PUNCT
bae-3244	443	5	telser	telser	NOUN
bae-3244	443	6	versus	versus	ADP
bae-3244	443	7	keynes	keynes	PROPN
bae-3244	443	8	.	.	PUNCT
bae-3244	444	1	journal	journal	PROPN
bae-3244	444	2	of	of	ADP
bae-3244	444	3	political	political	ADJ
bae-3244	444	4	economy	economy	NOUN
bae-3244	444	5	68(4	68(4	NOUN
bae-3244	444	6	):	):	PUNCT
bae-3244	444	7	396	396	NUM
bae-3244	444	8	-	-	SYM
bae-3244	444	9	404	404	NUM
bae-3244	444	10	.	.	PUNCT
bae-3244	445	1	ederington	ederington	PROPN
bae-3244	445	2	,	,	PUNCT
bae-3244	445	3	l.	l.	PROPN
bae-3244	445	4	h.	h.	PROPN
bae-3244	445	5	(	(	PUNCT
bae-3244	445	6	1979	1979	NUM
bae-3244	445	7	)	)	PUNCT
bae-3244	445	8	.	.	PUNCT
bae-3244	446	1	the	the	DET
bae-3244	446	2	hedging	hedging	NOUN
bae-3244	446	3	performance	performance	NOUN
bae-3244	446	4	of	of	ADP
bae-3244	446	5	the	the	DET
bae-3244	446	6	new	new	ADJ
bae-3244	446	7	futures	future	NOUN
bae-3244	446	8	markets	market	NOUN
bae-3244	446	9	.	.	PUNCT
bae-3244	447	1	journal	journal	NOUN
bae-3244	447	2	of	of	ADP
bae-3244	447	3	finance	finance	NOUN
bae-3244	447	4	34(1	34(1	NOUN
bae-3244	447	5	):	):	PUNCT
bae-3244	447	6	157	157	NUM
bae-3244	447	7	-	-	SYM
bae-3244	447	8	170	170	NUM
bae-3244	447	9	.	.	PUNCT
bae-3244	448	1	fama	fama	PROPN
bae-3244	448	2	,	,	PUNCT
bae-3244	448	3	e.	e.	PROPN
bae-3244	448	4	(	(	PUNCT
bae-3244	448	5	1970	1970	NUM
bae-3244	448	6	)	)	PUNCT
bae-3244	448	7	.	.	PUNCT
bae-3244	449	1	efficient	efficient	ADJ
bae-3244	449	2	capital	capital	NOUN
bae-3244	449	3	markets	market	NOUN
bae-3244	449	4	:	:	PUNCT
bae-3244	449	5	a	a	DET
bae-3244	449	6	review	review	NOUN
bae-3244	449	7	of	of	ADP
bae-3244	449	8	theory	theory	NOUN
bae-3244	449	9	and	and	CCONJ
bae-3244	449	10	empirical	empirical	ADJ
bae-3244	449	11	work	work	NOUN
bae-3244	449	12	.	.	PUNCT
bae-3244	450	1	journal	journal	NOUN
bae-3244	450	2	of	of	ADP
bae-3244	450	3	finance	finance	NOUN
bae-3244	450	4	25(2	25(2	NUM
bae-3244	450	5	):	):	PUNCT
bae-3244	450	6	383	383	NUM
bae-3244	450	7	-	-	SYM
bae-3244	450	8	417	417	NUM
bae-3244	450	9	.	.	PUNCT
bae-3244	451	1	gheit	gheit	PROPN
bae-3244	451	2	,	,	PUNCT
bae-3244	451	3	f.	f.	PROPN
bae-3244	451	4	(	(	PUNCT
bae-3244	451	5	2008	2008	NUM
bae-3244	451	6	)	)	PUNCT
bae-3244	451	7	.	.	PUNCT
bae-3244	452	1	testimony	testimony	NOUN
bae-3244	452	2	before	before	ADP
bae-3244	452	3	the	the	DET
bae-3244	452	4	subcommittee	subcommittee	NOUN
bae-3244	452	5	on	on	ADP
bae-3244	452	6	oversight	oversight	NOUN
bae-3244	452	7	and	and	CCONJ
bae-3244	452	8	investigations	investigation	NOUN
bae-3244	452	9	of	of	ADP
bae-3244	452	10	the	the	DET
bae-3244	452	11	committee	committee	NOUN
bae-3244	452	12	on	on	ADP
bae-3244	452	13	energy	energy	NOUN
bae-3244	452	14	and	and	CCONJ
bae-3244	452	15	commerce	commerce	PROPN
bae-3244	452	16	,	,	PUNCT
bae-3244	452	17	u.s	u.s	PROPN
bae-3244	452	18	.	.	PROPN
bae-3244	452	19	house	house	PROPN
bae-3244	452	20	of	of	ADP
bae-3244	452	21	representatives	representatives	PROPN
bae-3244	452	22	.	.	PUNCT
bae-3244	453	1	http://	http://	PROPN
bae-3244	453	2	energycommerce	energycommerce	NOUN
bae-3244	453	3	.	.	PUNCT
bae-3244	454	1	house.gov/cmte_mtgs/110-oi-hrg.062308	house.gov/cmte_mtgs/110-oi-hrg.062308	ADJ
bae-3244	454	2	.	.	PUNCT
bae-3244	455	1	gheit-testimony.pdf	gheit-testimony.pdf	PROPN
bae-3244	455	2	.	.	PROPN
bae-3244	455	3	accessed	access	VERB
bae-3244	455	4	20	20	NUM
bae-3244	455	5	september	september	PROPN
bae-3244	455	6	2012	2012	NUM
bae-3244	455	7	.	.	PUNCT
bae-3244	456	1	255european	255european	ADJ
bae-3244	456	2	commodity	commodity	NOUN
bae-3244	456	3	futures	future	NOUN
bae-3244	456	4	markets	markets	PROPN
bae-3244	456	5	gilbert	gilbert	PROPN
bae-3244	456	6	,	,	PUNCT
bae-3244	456	7	c.l	c.l	PROPN
bae-3244	456	8	.	.	PROPN
bae-3244	456	9	and	and	CCONJ
bae-3244	456	10	morgan	morgan	PROPN
bae-3244	456	11	c.w	c.w	PROPN
bae-3244	456	12	.	.	PROPN
bae-3244	456	13	(	(	PUNCT
bae-3244	456	14	2010	2010	NUM
bae-3244	456	15	)	)	PUNCT
bae-3244	456	16	.	.	PUNCT
bae-3244	456	17	has	have	VERB
bae-3244	456	18	food	food	NOUN
bae-3244	456	19	price	price	NOUN
bae-3244	456	20	volatility	volatility	NOUN
bae-3244	456	21	risen	rise	VERB
bae-3244	456	22	?	?	PUNCT
bae-3244	457	1	university	university	NOUN
bae-3244	457	2	of	of	ADP
bae-3244	457	3	trento	trento	PROPN
bae-3244	457	4	,	,	PUNCT
bae-3244	457	5	department	department	NOUN
bae-3244	457	6	of	of	ADP
bae-3244	457	7	economics	economics	PROPN
bae-3244	457	8	working	working	PROPN
bae-3244	457	9	paper	paper	PROPN
bae-3244	457	10	no.2	no.2	PROPN
bae-3244	457	11	.	.	PUNCT
bae-3244	458	1	http://www.unitn.it/files/2_10	http://www.unitn.it/files/2_10	PROPN
bae-3244	458	2	.	.	PUNCT
bae-3244	459	1	pdf	pdf	NOUN
bae-3244	459	2	accessed	access	VERB
bae-3244	459	3	20	20	NUM
bae-3244	459	4	september	september	PROPN
bae-3244	459	5	2012	2012	NUM
bae-3244	459	6	.	.	PUNCT
bae-3244	460	1	gray	gray	ADJ
bae-3244	460	2	,	,	PUNCT
bae-3244	460	3	r.w	r.w	PROPN
bae-3244	460	4	.	.	PROPN
bae-3244	460	5	(	(	PUNCT
bae-3244	460	6	1961	1961	NUM
bae-3244	460	7	)	)	PUNCT
bae-3244	460	8	.	.	PUNCT
bae-3244	461	1	the	the	DET
bae-3244	461	2	search	search	NOUN
bae-3244	461	3	for	for	ADP
bae-3244	461	4	a	a	DET
bae-3244	461	5	risk	risk	NOUN
bae-3244	461	6	premium	premium	NOUN
bae-3244	461	7	.	.	PUNCT
bae-3244	462	1	journal	journal	NOUN
bae-3244	462	2	of	of	ADP
bae-3244	462	3	political	political	ADJ
bae-3244	462	4	economy	economy	NOUN
bae-3244	462	5	69(3	69(3	NUM
bae-3244	462	6	):	):	PUNCT
bae-3244	462	7	250	250	NUM
bae-3244	462	8	-	-	SYM
bae-3244	462	9	260	260	NUM
bae-3244	462	10	.	.	PUNCT
bae-3244	463	1	hull	hull	NOUN
bae-3244	463	2	,	,	PUNCT
bae-3244	463	3	j.c	j.c	PROPN
bae-3244	463	4	.	.	PROPN
bae-3244	463	5	(	(	PUNCT
bae-3244	463	6	2008	2008	NUM
bae-3244	463	7	)	)	PUNCT
bae-3244	463	8	.	.	PUNCT
bae-3244	464	1	fundamentals	fundamental	NOUN
bae-3244	464	2	of	of	ADP
bae-3244	464	3	futures	future	NOUN
bae-3244	464	4	and	and	CCONJ
bae-3244	464	5	options	option	NOUN
bae-3244	464	6	markets	market	NOUN
bae-3244	464	7	.	.	PUNCT
bae-3244	465	1	new	new	PROPN
bae-3244	465	2	jersey	jersey	PROPN
bae-3244	465	3	:	:	PUNCT
bae-3244	465	4	prentice	prentice	PROPN
bae-3244	465	5	hall	hall	PROPN
bae-3244	465	6	.	.	PUNCT
bae-3244	466	1	irwin	irwin	PROPN
bae-3244	466	2	,	,	PUNCT
bae-3244	466	3	s.	s.	PROPN
bae-3244	466	4	h.	h.	PROPN
bae-3244	466	5	,	,	PUNCT
bae-3244	466	6	sanders	sanders	PROPN
bae-3244	466	7	,	,	PUNCT
bae-3244	466	8	d.	d.	PROPN
bae-3244	466	9	r.	r.	PROPN
bae-3244	466	10	,	,	PUNCT
bae-3244	466	11	and	and	CCONJ
bae-3244	466	12	merrin	merrin	NOUN
bae-3244	466	13	,	,	PUNCT
bae-3244	466	14	r.	r.	PROPN
bae-3244	466	15	p.	p.	PROPN
bae-3244	466	16	(	(	PUNCT
bae-3244	466	17	2009	2009	NUM
bae-3244	466	18	)	)	PUNCT
bae-3244	466	19	.	.	PUNCT
bae-3244	467	1	devil	devil	NOUN
bae-3244	467	2	or	or	CCONJ
bae-3244	467	3	angel	angel	NOUN
bae-3244	467	4	?	?	PUNCT
bae-3244	468	1	the	the	DET
bae-3244	468	2	role	role	NOUN
bae-3244	468	3	of	of	ADP
bae-3244	468	4	speculation	speculation	NOUN
bae-3244	468	5	in	in	ADP
bae-3244	468	6	the	the	DET
bae-3244	468	7	recent	recent	ADJ
bae-3244	468	8	commodity	commodity	NOUN
bae-3244	468	9	price	price	NOUN
bae-3244	468	10	boom	boom	NOUN
bae-3244	468	11	(	(	PUNCT
bae-3244	468	12	and	and	CCONJ
bae-3244	468	13	bust	bust	ADJ
bae-3244	468	14	)	)	PUNCT
bae-3244	468	15	.	.	PUNCT
bae-3244	469	1	journal	journal	NOUN
bae-3244	469	2	of	of	ADP
bae-3244	469	3	agricultural	agricultural	ADJ
bae-3244	469	4	and	and	CCONJ
bae-3244	469	5	applied	apply	VERB
bae-3244	469	6	economics	economic	NOUN
bae-3244	469	7	41(2	41(2	NUM
bae-3244	469	8	):	):	PUNCT
bae-3244	469	9	377	377	NUM
bae-3244	469	10	-	-	SYM
bae-3244	469	11	391	391	NUM
bae-3244	469	12	.	.	PUNCT
bae-3244	470	1	leuthold	leuthold	NOUN
bae-3244	470	2	,	,	PUNCT
bae-3244	470	3	r.	r.	PROPN
bae-3244	470	4	m.	m.	PROPN
bae-3244	470	5	,	,	PUNCT
bae-3244	470	6	junkus	junkus	PROPN
bae-3244	470	7	,	,	PUNCT
bae-3244	470	8	j.	j.	PROPN
bae-3244	470	9	c.	c.	PROPN
bae-3244	470	10	and	and	CCONJ
bae-3244	470	11	cordier	cordier	PROPN
bae-3244	470	12	j.	j.	PROPN
bae-3244	470	13	e.	e.	PROPN
bae-3244	470	14	(	(	PUNCT
bae-3244	470	15	1989	1989	NUM
bae-3244	470	16	)	)	PUNCT
bae-3244	470	17	.	.	PUNCT
bae-3244	471	1	the	the	DET
bae-3244	471	2	theory	theory	NOUN
bae-3244	471	3	and	and	CCONJ
bae-3244	471	4	practice	practice	NOUN
bae-3244	471	5	of	of	ADP
bae-3244	471	6	futures	future	NOUN
bae-3244	471	7	markets	market	NOUN
bae-3244	471	8	.	.	PUNCT
bae-3244	472	1	lexington	lexington	PROPN
bae-3244	472	2	,	,	PUNCT
bae-3244	472	3	ma	ma	PROPN
bae-3244	472	4	:	:	PUNCT
bae-3244	472	5	lexington	lexington	PROPN
bae-3244	472	6	books	book	NOUN
bae-3244	472	7	.	.	PUNCT
bae-3244	473	1	lence	lence	PROPN
bae-3244	473	2	,	,	PUNCT
bae-3244	473	3	s.	s.	PROPN
bae-3244	473	4	h.	h.	PROPN
bae-3244	473	5	(	(	PUNCT
bae-3244	473	6	2009	2009	NUM
bae-3244	473	7	)	)	PUNCT
bae-3244	473	8	.	.	PUNCT
bae-3244	474	1	do	do	AUX
bae-3244	474	2	futures	future	NOUN
bae-3244	474	3	benefit	benefit	VERB
bae-3244	474	4	farmers	farmer	NOUN
bae-3244	474	5	?	?	PUNCT
bae-3244	475	1	american	american	ADJ
bae-3244	475	2	journal	journal	PROPN
bae-3244	475	3	of	of	ADP
bae-3244	475	4	agricultural	agricultural	ADJ
bae-3244	475	5	economics	economic	NOUN
bae-3244	475	6	91(1	91(1	NUM
bae-3244	475	7	):	):	PUNCT
bae-3244	475	8	154	154	NUM
bae-3244	475	9	-	-	SYM
bae-3244	475	10	167	167	NUM
bae-3244	475	11	.	.	PUNCT
bae-3244	476	1	masters	master	NOUN
bae-3244	476	2	,	,	PUNCT
bae-3244	476	3	m.w	m.w	PROPN
bae-3244	476	4	.	.	PROPN
bae-3244	476	5	(	(	PUNCT
bae-3244	476	6	2008	2008	NUM
bae-3244	476	7	)	)	PUNCT
bae-3244	476	8	.	.	PUNCT
bae-3244	477	1	testimony	testimony	NOUN
bae-3244	477	2	before	before	ADP
bae-3244	477	3	the	the	DET
bae-3244	477	4	committee	committee	NOUN
bae-3244	477	5	on	on	ADP
bae-3244	477	6	homeland	homeland	NOUN
bae-3244	477	7	security	security	NOUN
bae-3244	477	8	and	and	CCONJ
bae-3244	477	9	government	government	NOUN
bae-3244	477	10	affairs	affair	NOUN
bae-3244	477	11	,	,	PUNCT
bae-3244	477	12	u.s	u.s	PROPN
bae-3244	477	13	.	.	PROPN
bae-3244	477	14	senate	senate	PROPN
bae-3244	477	15	.	.	PUNCT
bae-3244	478	1	http://	http://	PROPN
bae-3244	478	2	hsgac.senate.gov/public/_files/	hsgac.senate.gov/public/_files/	PROPN
bae-3244	478	3	052008	052008	NUM
bae-3244	478	4	masters	master	NOUN
bae-3244	478	5	.	.	PUNCT
bae-3244	479	1	pdf	pdf	NOUN
bae-3244	479	2	.	.	PUNCT
bae-3244	480	1	accessed	access	VERB
bae-3244	480	2	20	20	NUM
bae-3244	480	3	september	september	PROPN
bae-3244	480	4	2012	2012	NUM
bae-3244	480	5	.	.	PUNCT
bae-3244	481	1	masters	master	NOUN
bae-3244	481	2	,	,	PUNCT
bae-3244	481	3	m.w	m.w	PROPN
bae-3244	481	4	.	.	PROPN
bae-3244	481	5	,	,	PUNCT
bae-3244	481	6	and	and	CCONJ
bae-3244	481	7	white	white	PROPN
bae-3244	481	8	a.k	a.k	PROPN
bae-3244	481	9	..	..	PUNCT
bae-3244	481	10	(	(	PUNCT
bae-3244	481	11	2008	2008	NUM
bae-3244	481	12	)	)	PUNCT
bae-3244	481	13	.	.	PUNCT
bae-3244	482	1	the	the	DET
bae-3244	482	2	accidental	accidental	ADJ
bae-3244	482	3	hunt	hunt	NOUN
bae-3244	482	4	brothers	brother	NOUN
bae-3244	482	5	:	:	PUNCT
bae-3244	482	6	how	how	SCONJ
bae-3244	482	7	institutional	institutional	ADJ
bae-3244	482	8	investors	investor	NOUN
bae-3244	482	9	are	be	AUX
bae-3244	482	10	driving	drive	VERB
bae-3244	482	11	up	up	ADP
bae-3244	482	12	food	food	NOUN
bae-3244	482	13	and	and	CCONJ
bae-3244	482	14	energy	energy	NOUN
bae-3244	482	15	prices	price	NOUN
bae-3244	482	16	.	.	PUNCT
bae-3244	483	1	http://accidentalhuntbrothers	http://accidentalhuntbrother	NOUN
bae-3244	483	2	.	.	PUNCT
bae-3244	484	1	com/.	com/.	PROPN
bae-3244	484	2	accessed	access	VERB
bae-3244	484	3	22	22	NUM
bae-3244	484	4	september	september	PROPN
bae-3244	484	5	2012	2012	NUM
bae-3244	484	6	.	.	PUNCT
bae-3244	485	1	myers	myers	PROPN
bae-3244	485	2	,	,	PUNCT
bae-3244	485	3	r.j	r.j	PROPN
bae-3244	485	4	.	.	PROPN
bae-3244	485	5	,	,	PUNCT
bae-3244	485	6	and	and	CCONJ
bae-3244	485	7	thompson	thompson	PROPN
bae-3244	485	8	,	,	PUNCT
bae-3244	485	9	s.	s.	PROPN
bae-3244	485	10	r.	r.	PROPN
bae-3244	485	11	(	(	PUNCT
bae-3244	485	12	1989	1989	NUM
bae-3244	485	13	)	)	PUNCT
bae-3244	485	14	.	.	PUNCT
bae-3244	486	1	generalized	generalize	VERB
bae-3244	486	2	optimal	optimal	ADJ
bae-3244	486	3	hedge	hedge	NOUN
bae-3244	486	4	ratio	ratio	NOUN
bae-3244	486	5	estimation	estimation	NOUN
bae-3244	486	6	.	.	PUNCT
bae-3244	487	1	american	american	ADJ
bae-3244	487	2	journal	journal	PROPN
bae-3244	487	3	of	of	ADP
bae-3244	487	4	agricultural	agricultural	ADJ
bae-3244	487	5	economics	economic	NOUN
bae-3244	487	6	71(4	71(4	NUM
bae-3244	487	7	):	):	PUNCT
bae-3244	487	8	858	858	NUM
bae-3244	487	9	-	-	SYM
bae-3244	487	10	868	868	NUM
bae-3244	487	11	.	.	PUNCT
bae-3244	488	1	phillips	phillips	PROPN
bae-3244	488	2	,	,	PUNCT
bae-3244	488	3	p.c.b	p.c.b	NOUN
bae-3244	488	4	.	.	PUNCT
bae-3244	488	5	,	,	PUNCT
bae-3244	488	6	and	and	CCONJ
bae-3244	488	7	p.	p.	PROPN
bae-3244	488	8	perron	perron	PROPN
bae-3244	488	9	(	(	PUNCT
bae-3244	488	10	1988	1988	NUM
bae-3244	488	11	)	)	PUNCT
bae-3244	488	12	,	,	PUNCT
bae-3244	488	13	testing	test	VERB
bae-3244	488	14	for	for	ADP
bae-3244	488	15	a	a	DET
bae-3244	488	16	unit	unit	NOUN
bae-3244	488	17	root	root	NOUN
bae-3244	488	18	in	in	ADP
bae-3244	488	19	time	time	NOUN
bae-3244	488	20	series	series	PROPN
bae-3244	488	21	regression	regression	PROPN
bae-3244	488	22	.	.	PUNCT
bae-3244	489	1	biometrika	biometrika	NOUN
bae-3244	489	2	75(2	75(2	NOUN
bae-3244	489	3	):	):	PUNCT
bae-3244	489	4	335	335	NUM
bae-3244	489	5	-	-	SYM
bae-3244	489	6	346	346	NUM
bae-3244	489	7	.	.	PUNCT
bae-3244	490	1	sanders	sanders	PROPN
bae-3244	490	2	,	,	PUNCT
bae-3244	490	3	d.r	d.r	PROPN
bae-3244	490	4	.	.	PROPN
bae-3244	490	5	,	,	PUNCT
bae-3244	490	6	and	and	CCONJ
bae-3244	490	7	manfredo	manfredo	PROPN
bae-3244	490	8	,	,	PUNCT
bae-3244	490	9	m.r	m.r	PROPN
bae-3244	490	10	.	.	PROPN
bae-3244	490	11	(	(	PUNCT
bae-3244	490	12	2004	2004	NUM
bae-3244	490	13	)	)	PUNCT
bae-3244	490	14	.	.	PUNCT
bae-3244	491	1	comparing	compare	VERB
bae-3244	491	2	hedging	hedging	NOUN
bae-3244	491	3	effectiveness	effectiveness	NOUN
bae-3244	491	4	:	:	PUNCT
bae-3244	491	5	an	an	DET
bae-3244	491	6	application	application	NOUN
bae-3244	491	7	of	of	ADP
bae-3244	491	8	the	the	DET
bae-3244	491	9	encompassing	encompass	VERB
bae-3244	491	10	principle	principle	NOUN
bae-3244	491	11	.	.	PUNCT
bae-3244	492	1	journal	journal	NOUN
bae-3244	492	2	of	of	ADP
bae-3244	492	3	agricultural	agricultural	ADJ
bae-3244	492	4	and	and	CCONJ
bae-3244	492	5	resource	resource	NOUN
bae-3244	492	6	economics	economic	NOUN
bae-3244	492	7	29(1	29(1	NUM
bae-3244	492	8	):	):	PUNCT
bae-3244	492	9	31	31	NUM
bae-3244	492	10	-	-	SYM
bae-3244	492	11	44	44	NUM
bae-3244	492	12	.	.	PUNCT
bae-3244	493	1	sarris	sarris	PROPN
bae-3244	493	2	,	,	PUNCT
bae-3244	493	3	a.	a.	NOUN
bae-3244	493	4	,	,	PUNCT
bae-3244	493	5	conforti	conforti	PROPN
bae-3244	493	6	,	,	PUNCT
bae-3244	493	7	p.	p.	NOUN
bae-3244	493	8	,	,	PUNCT
bae-3244	493	9	and	and	CCONJ
bae-3244	493	10	prakash	prakash	PROPN
bae-3244	493	11	,	,	PUNCT
bae-3244	493	12	a.	a.	NOUN
bae-3244	493	13	(	(	PUNCT
bae-3244	493	14	2011	2011	NUM
bae-3244	493	15	)	)	PUNCT
bae-3244	493	16	.	.	PUNCT
bae-3244	494	1	using	use	VERB
bae-3244	494	2	futures	future	NOUN
bae-3244	494	3	and	and	CCONJ
bae-3244	494	4	options	option	NOUN
bae-3244	494	5	to	to	PART
bae-3244	494	6	manage	manage	VERB
bae-3244	494	7	price	price	NOUN
bae-3244	494	8	volatility	volatility	NOUN
bae-3244	494	9	in	in	ADP
bae-3244	494	10	food	food	NOUN
bae-3244	494	11	imports	import	NOUN
bae-3244	494	12	:	:	PUNCT
bae-3244	494	13	theory	theory	NOUN
bae-3244	494	14	.	.	PUNCT
bae-3244	495	1	in	in	ADP
bae-3244	495	2	prakash	prakash	PROPN
bae-3244	495	3	a.	a.	PROPN
bae-3244	495	4	(	(	PUNCT
bae-3244	495	5	ed	ed	NOUN
bae-3244	495	6	.	.	PUNCT
bae-3244	495	7	)	)	PUNCT
bae-3244	495	8	.	.	PUNCT
bae-3244	496	1	safeguarding	safeguard	VERB
bae-3244	496	2	food	food	NOUN
bae-3244	496	3	security	security	NOUN
bae-3244	496	4	in	in	ADP
bae-3244	496	5	volatile	volatile	ADJ
bae-3244	496	6	global	global	ADJ
bae-3244	496	7	markets	market	NOUN
bae-3244	496	8	.	.	PUNCT
bae-3244	497	1	rome	rome	PROPN
bae-3244	497	2	:	:	PUNCT
bae-3244	497	3	food	food	NOUN
bae-3244	497	4	and	and	CCONJ
bae-3244	497	5	agriculture	agriculture	NOUN
bae-3244	497	6	organization	organization	NOUN
bae-3244	497	7	of	of	ADP
bae-3244	497	8	the	the	DET
bae-3244	497	9	united	united	PROPN
bae-3244	497	10	nations	nations	PROPN
bae-3244	497	11	.	.	PUNCT
bae-3244	498	1	unctad	unctad	PROPN
bae-3244	498	2	(	(	PUNCT
bae-3244	498	3	2009	2009	NUM
bae-3244	498	4	)	)	PUNCT
bae-3244	498	5	.	.	PUNCT
bae-3244	499	1	trade	trade	NOUN
bae-3244	499	2	and	and	CCONJ
bae-3244	499	3	development	development	NOUN
bae-3244	499	4	report	report	NOUN
bae-3244	499	5	2009	2009	NUM
bae-3244	499	6	,	,	PUNCT
bae-3244	499	7	geneva	geneva	PROPN
bae-3244	499	8	.	.	PROPN
bae-3244	500	1	united	united	PROPN
bae-3244	500	2	nations	nations	PROPN
bae-3244	500	3	(	(	PUNCT
bae-3244	500	4	2011	2011	NUM
bae-3244	500	5	)	)	PUNCT
bae-3244	500	6	.	.	PUNCT
bae-3244	501	1	price	price	NOUN
bae-3244	501	2	volatility	volatility	NOUN
bae-3244	501	3	in	in	ADP
bae-3244	501	4	food	food	NOUN
bae-3244	501	5	and	and	CCONJ
bae-3244	501	6	agricultural	agricultural	ADJ
bae-3244	501	7	markets	market	NOUN
bae-3244	501	8	:	:	PUNCT
bae-3244	501	9	policy	policy	NOUN
bae-3244	501	10	responses	response	NOUN
bae-3244	501	11	.	.	PUNCT
bae-3244	502	1	united	united	PROPN
bae-3244	502	2	nations	nations	PROPN
bae-3244	502	3	,	,	PUNCT
bae-3244	502	4	june	june	PROPN
bae-3244	502	5	.	.	PUNCT