Posted 7/28/2014 21:21 (#3990807 - in reply to #3990756) Subject: RE:I didn't say that I understood it and I didn't say it was simple.
Ontario's middle east
I guess I'm not aware of any eplants hedging corn in this manner. Hopefully Insider or Ray will chime in on that. I see them more spot pricing corn as they price ethanol. Where I see the growth in the swap business is where banks are wanting to step in between the hedger and the cme. The banks promote the lack of margin calls but they pad pockets quite nicely in the process. This is pretty easy to promote if they don't finance the margin calls.