tag:blogger.com,1999:blog-6266934439288377947.post1399351291083929756..comments2023-07-20T05:55:32.639-07:00Comments on john bunting's dairy journal: FuturesJohn Buntinghttp://www.blogger.com/profile/05272618807602920448noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6266934439288377947.post-81750461967114661202009-06-22T03:48:04.329-07:002009-06-22T03:48:04.329-07:00I grew up in the citrus business in Florida, and ...I grew up in the citrus business in Florida, and OJ's are a very thin market also.<br /><br /> There have been several reports over the past year about the fact that the futures markets no longer offer farmers a legitimate hedging since the to hedge funds moved into the markets in a big way.<br /><br />I have friends in the Mid West who are grain dealers and they stopped hedging last year due to the run up in futures prices, that had nothing to do with the cash prices. Many farmers were blown out of their hedges when they could not make the margin calls. They lost on their grain and they futures positions. Not a very sustainable situation.<br /><br />What is your feed situation this year?<br /><br />OGAnonymousnoreply@blogger.com