Futures First Contract

Is it for me?
You like today's futures price, but you think local basis levels will improve and don't mind waiting to deliver.

How does it work?
Lock in the futures price now with your local G3 elevator. Wait to lock in your basis and delivery period until they are right for you.

What should I think about?

  • Futures generally comprise the vast majority of your price. Once you lock in your contract, if futures prices rise or fall, the futures component of your price will not change.
  • Basis levels can fluctuate due to a variety of factors, including local supply relative to available local elevator space, and foreign exchange.

Go here to learn more, or contact your local G3 elevator.