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Cash & Call Program

The Cash & Call strategy is an attractive propostion when cash prices and basis are relatively stronger at harvest. The program locks in a cash sale on the day of contracting then invests a small % of equity into a portfolio of call options to participate in a combination of futures markets for 6 months post-harvest. The experienced Market Check team add value through activley managing the call options and opposing options in the currency hedge to extract maximum value for participants.

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Friday Fun Fact: 19/20 will be the 1st season in >20yrs that Thailand will import more Australian #barley than #wheat..... A clear record for Aus barley exports to Thailand this season, which hopefully will only be surpassed by 20/21 volumes🤞 #harvest2020 20 #oatt pic.twitter.com/MjALopYMOZ

Last month from Market Check's Twitter via Twitter Web App

The BAR1/APW1 spread in VIC. Despite #barley being cheap (both in absolute/relative terms), the potential size of the crop is weighing on mkt given absence of China. #wheat is relatively cheap globally, however has more robust export demand which is helping support prices #oatt pic.twitter.com/zJkTO3rG1s

About a month ago from Market Check's Twitter via Twitter Web App

The East Coast premium in #wheat prices over SA/WA which we've become accustom, has disintegrated. NSW (for the most part) has enjoyed a huge turnaround in fortunes and will return to being a sizable exporter vs importing over the past few seasons (from WA/SA and Canada 🇨🇦) #oatt pic.twitter.com/p9PU2TfGzD

About 2 months ago from Market Check's Twitter via Twitter Web App

China might've cut our #barley exports but they've been a buyer of Aus #canola in 19/20, eclipsing the past 4yrs & accounting for 33% of total exports so far this ssn (the highest since 99/00). However, Belgium will likely record the lowest vol of Aus canola since 08/09 #oatt pic.twitter.com/zL6cpsLWOA

About 2 months ago from Market Check's Twitter via Twitter Web App

And lastly, lets look at where it came from. WA market share fell, with SA/EC picking up the slack. Barley exports from here on in will be pretty scarce as stocks tighten + inverse to new crop pic.twitter.com/Oqifir2tu2

About 2 months ago from Market Check's Twitter via Twitter Web App

"Selling for cash and investing a small percent of the funds into a portfolio of call options, if managed correctly, is a low risk strategy that can offer significant value post-harvest."

Nick Crundall, Head of Markets and Trading, Market Check