Long the Soybeans futures contract and moved stop loss to lock in profit. Still working the Wheat sell order.
Stopped out of the Soybean Oil contract. Working an order to sell the Chicago Wheat contract on a pullback.
Stopped out of the Live Cattle contract for a profit. Entered into a short Soybean Oil contract.
Still long the Live Cattle contract. Adjusted the stop loss several times to lock in profit. Stopped in and out of the Orange Juice contract for a loss.
Went long the Live Cattle futures market on a breakout.
Working two entry orders each with a stop loss and a target.
Cross commodity hedging is a popular way of managing risk for producers and speculators alike. Also referred to as cross hedging, this financial strategy involves opening positions in related markets to mitigate systemic exposure. While sophistication levels vary wildly and depend upon a variety of inputs, this methodology is a viable way of protecting wealth… Read more.