Posted 2/9/2019 03:19 (#7308050 - in reply to #7307735) Subject: RE: Would buying heating oil futures be a hedge for #2 diesel ?
NE ND
The only mini heating oil contracts I can find are still 21k gallons. I asked my broker if he knew of any smaller (5kish) contracts and the answer was a straight no. I would love to hedge 5k at a time over time instead of 75% of my fuel needs on a mini at once. Been straight buying around V. Day every year for awhile and it’s worked well as we have ample storage. Bought some a few weeks ago but am waiting for another drop for the rest.
Would buying heating oil futures be a hedge for #2 diesel ?
