https://orcid.org/0000-0002-0962-4640
Figures & data
Figure 1. Daily returns of South African white maize futures.
Table 1. Descriptive Statistics
Figure 2. Volatility in the South African white maize futures market.
Figure 3. South African white maize futures daily closing prices.
Figure 4. Speculative ratio.
Figure 5. Hedge ratio.
Table 2. VAR estimation
Table 3. LM residual serial correlation tests
Table 4. Unit Root Tests
Table 5. Granger-causality tests
Table 6. VAR Granger Causality/ Block Exogeneity Wald Tests
Table 7. Variance Decomposition
Figure 6. Impulse Response Functions (Speculative Ratio and Volatility).
Figure 7. Impulse Response Functions (Hedge Ratio and Volatility).
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