Posted 3/26/2020 16:41 (#8140883 - in reply to #8140754) Subject: RE: Ethanol plant managers
Centuryfarm - 3/26/2020 15:21
That line shows the lack of knowledge on how a plant manager should do his job. Hedging isn’t speculating, hedging is hedging. It seems like a plant manager earning 250,000-500,000 has to justify his job by not covering the risks associated with his position. IE, saying hedging is speculating when he doesn’t understand the tools available to him or how he can use it to do his job. Maybe someone with more knowledge as to how marketing works should take your job over. It seems like the shareholders would be very happy with a knowledgeable plant manager that can give them a greater return on their money.
No. An ethanol plant manager continuing to lock in losses for their business is bad business. Their stopping production and taking some plants to an idle cause their not profitable. It’s not that hard to figure out CF.