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Re: kel3 post# 12618

Tuesday, 07/17/2012 10:01:49 PM

Tuesday, July 17, 2012 10:01:49 PM

Post# of 30377
5,000 Bushels to Buy $27,500


10% of that to Hedge,& Hedging Costs Go Toward Purchase of Corn



Corn Futures Contract Size 5,000 bushel/Cost per Contract

Spec(per contract)

Initial $1,980.00

Maintenace $1,800.00

Hedge(per Contract)

Initial $1,800.00

Maintnance $1,800.00

Compare that to Buying @ $5.50 a Bushel

Buying Would Cost $27,500 for 5,000 Bushels

Makes Sence to Lock In Cheap Prices by Hedging & Hedge Costs Go Towards the Purchase of the Corn.

Or Contracts Can Be Sold.

I Hope They Hedged!
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