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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@TEMarkets As you know from a decision-making view, deciles have limited value in isolation as the range within deciles can be extreme eg drought you sell @ dec10 & miss another $100t. Overlaying with deciles based on relative value paints a clearer pic eg Aus currently ~dec1 basis US futs
Major wheat export stocks are tight
Call options are a low risk way of participating in any northern hemisphere production issues