The Fundamentals of Commodity Futures Returns
NBER Working Paper No. 13249
---- Acknowledgements -----
The paper has benefited from comments by seminar participants at McGill University. We thank Dimitry Gupalo for research assistance, and AIG Financial Products and the Q-Group for financial support. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.