Back to the Futures
Back to the Futures explains how to reduce risk in today's intense arena of commodity trading. In this book, agricultural economist Scott Irwin provides the essence of understanding the massive futures market. Irwin delivers an engaging story that draws you in by sharing his wild, life-threatening adventures with motorcycles, snowmobiles, race cars, farm equipment, and renegade cows while growing up on an Iowa farm. He also brings in other experts as well, such as Terry Duffy, CEO of the CME Group (the largest commodity trading exchange in the world), and Leo Melamed, the man who revolutionized the market with electronic trading.
THIS BOOK COVERS THE FOLLOWING TOPICS:
Why future markets are crucial for farmers and consumers
The critical role future markets play in our financial system
The role speculators play in making these markets work
And much more
PRAISE FOR THE BOOK
"As one of the most respected voices in agriculture, Dr. Scott Irwin has been studying, teaching, and participating in the world of commodity futures since growing up on his family farm in Iowa. There is no higher expert or more captivating storyteller to explain how these critical markets have developed over the decades while articulating the significant impact they have on the global e onomy, agribusiness, and everyday lives."
—Terry Duffy, Chairman and Chief Executive Officer, CME Group
"Half memoir, half futures market primer, this delightful story of a farm-kid turned world-renowned professor of commodity markets is as entertaining as it is educational."
—Jayson Lusk, Distinguished Professor and Head of the Agricultural Economics Department, Purdue University
"Scott Irwin has written the book on risk and the commodity markets that I wish had been available when I was researching Merchants of Grain more than 40 years ago."
—Dan Morgan, Former Agriculture Reporter for The Washington Post and Author of Merchants of Grain