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Ontario's middle east | If you were a true basis trader you wouldn't give a rats @$$ what the futures were doing. Opinions about seasonal lows etc just get you in trouble. Your safest bet is hold the hedge where (when)you think you will sell the grain and let time play out. You do not try to profit on moves on the board which is what Rice wants. He is not happy with adjusting his price by 26c, he wants more. You can't sell the carry without selling the carry. I say leave the hedge in N, if you want upside, buy an ATM H call and let her rip. You have a floor and maybe more. 2 completely different mind sets between merchandising grain and farming. Mr White would say grain has no price. For a farmer, price is everything. | |
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Corn merchandising question
