October 30, 2024
Trent discusses the importance of hedging and the futures market as a risk management tool for farmers. He emphasizes the need to analyze trends across multiple timeframes, particularly the weekly and daily charts, before entering a hedge. He cautions against taking positions that go against the primary trend, as it increases risk, and underscores the importance of having a solid exit strategy if the trade turns unfavorable. Trent shares insights from a recent experience with a friend who struggled to manage a diesel futures hedge during a downtrend.
