Abstract
This study reports the result of a world-wide survey showing favorable interest in a peanut futures contract (20 metric tons). A US exchange was preferred with possible delivery points in Savannah and Rotterdam. Hedging contracts were estimated to be 52,000 contracts annually with speculative contracts estimated to range from a low of 16,000 to as high as 303,000. This was judged to be the minimum volume for a successful contract and would be expected to increase significantly if the US price support program is abandoned. Thirty-seven percent of peanuts handled in the market were under the control of five firms. This level of concentration was noted as a problem by a majority of survey respondents and is considered to be a major factor in contract potential.
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