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Lock in 07 fd barley?
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lars58318
Posted 12/18/2006 15:06 (#75396)
Subject: Lock in 07 fd barley?


I am in North Dakota, feed price is posted $3-3.20 locally. Elevator says I can't lock in feed price now. They also want me to sign for 3.25 malt contract. Can't I just buy option on winnepeg exchange to fix my feed price? I know that I am open to currency flucuations but what am I missing? Is feed barley always tied to corn futures so I could buy corn options to fix feed barley price. I want to sell barley off of combine for 3$ plus.
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