I opened five retail outlets in the DFW metro area for a company that was based in S. Carolina, where they had a huge presence in Quick Trip-like gas and convenience stores. On one of corporate's visits to DFW, the president complained about adverse prices changes for oil/gasoline, after he had negotiated buy contracts for future physical delivery. He had no idea that he could hedge against price changes by using futures contracts, until I suggested it to him.
But in a broader sense, what is concerning is the efficacy of the actions by Russia and Saudi Arabia which resulted in blowing up the oil business in the US. What is to stop similar activity in the future directed against agricultural products?
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