Speculation and financial fund activity

This is the Annex to the paper "Speculation and financial fund activity: draft report, [TAD/CA/APM/WP(2010)8] prepared by Scott Irwin, University of Illinois and Dwight Sanders, University of Suoithern Illinois. It provides a detailed statistical and econometric analysis of the impacts of the participation of financial funds - index and swap - in agricultural commodity futures markets as well as for crude oil. The study includes new data and new analysis, not previously presented alsewhere, as well as a thorough review of the most recent literature on behaviour and impacts of financial funds for these markets