Price Risk Developing a Marketing Plan and Marketing Tools Basics

1. Price Risk Developing a Marketing Plan and Marketing Tools Basics Country Hedging, Inc., Cenex Harvest States 5500 Cenex Drive Inver Grove Heights, MN 55077-1733 1-800-243-3432 or www.countryhedging.com The information contained in this presentation is taken from sources which we believe to be reliable, but is not guaranteed by us as to accuracy or completeness and is presented to you for information purposes only. There is a risk of loss when trading commodity futures and options. Country Hedging, Inc. bases its recommendations solely on the judgment of Country Hedging, Inc. personnel.

3. Marketing Decisions Sell Cash (in bin) Store Grain Sell Production Scale Up Strategy Need Money Waiting for Better Price Like Price Like Price Sell Cash/Buy Call Delayed Price Sell Futures Sell Cash/Buy Futures Buy Put Option Basis Fixed Hedge to Arrive Cash Sale

4. 1999 Crop How much to sell? When to sell? Pre-Harvest Harvest Storage

5. Market Plan Selling Seasons: Pre-Plant Growing Harvest Storage NewOld Pre-Plant Storage Growing Harvest

20. Marketing Tools Basics

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