MARKETS NEWS
Elaine Kub Contributing Analyst
Mon Oct 21, 2013 09:28 AM CDT

Are the grain and livestock futures markets "efficient" markets? That is, do they accurately reflect the actual prices of the assets? Or are they prone to irrational bubbles?

The people we should really ask are Eugene Fama, Robert Shiller, and Lars Peter Hansen, but they are all probably too busy drinking champagne and planning trips to Sweden to turn their attention to the commodity markets this week.

You see, those three are the winners of the 2013 Sveriges Riksbank Prize in Economic Sciences, a.k.a. the Nobel Prize in Economics. This is exciting news for the trading world. This is not ...

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