Hedging new crop beans

[425Cat]

hedging new beans today ,will lift on this next hard break , highs to come later then rehedge. Sounds good looks good on paper anyway.

[c-x-1]

forgive my physical ignorance Cat - but does this mean you sold some Novie on paper or contracted to sell some at todays price, etc.?

thanks

[wglassfo]

Not sure if I understand correctly

The way I read is to hedge, lift on a down, then rehedge on the next higher leg

Isn't this a bit or a lot like spec

I am also wondering if this is all paper

[425Cat]

I have agreed to deliver actual bu come Nov however I have the option of unpricing and repricing as many times as I would like between now and then. With a fee of course. My hopes are to unprice at the next lower impulse and then reprieve higher later. If not I take todays price upon delivery.

[425Cat]

Thats reprice not reprieve, dang android