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425Cat
Advisor

Hedging new crop beans

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

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4 Replies
c-x-1
Veteran Advisor

Re: Hedging new crop beans

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

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wglassfo
Veteran Contributor

Re: Hedging new crop beans

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

 

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425Cat
Advisor

Re: Hedging new crop beans

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.
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425Cat
Advisor

Re: Hedging new crop beans

Thats reprice not reprieve, dang android
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