Market Check’s innovative Pre-Harvest Program is an avenue for growers to execute part of the pre-harvest strategies we advocate and utilises put options to protect new crop prices without the risks associated with a forward sale (swaps or forward contracts). The Pre-Harvest Program is like an insurance policy against falling prices, growers pay a ‘premium’ (put options cost) to protect downside risk for new crop wheat and barley prices but also participate if the market rises with no ‘washout cost’ associated if the crop fails.
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As we live and breath! After months of rallying, the MATIF Nov-21 Swap ($A/t) has broken through $1000/t. Market is expecting a record Aus crop, fingers crossed they get it! 🇦🇺 basis has slipped recently as grower selling has increased & futures keep climbing. #oatt #canola pic.twitter.com/f6vtlBMvlC