Common Contracts
1 similar Minimum Price Contract contracts
How it WorksMinimum Price Contract • October 30th, 2021
The Minimum Price contract involves selling your commodity today at the current cash price, paying a small fee to establish a floor, and remaining in the market to take advantage of any upwards movement in prices. You can choose where to set your floor by choosing a call option strike price and how long you want to remain in the market by selecting a futures month. You may offset this position at any time prior to the strike date. This contract is best applied to old crop bushels stored in the elevator. This contract can only be applied in 5,000 bushels increments.
