IWC Endowed Chair Provides Insight on Managing Price Risks Using Grain Contracts
Grain markets are no longer just a local concern. Agricultural market discussions today must factor in global perspectives. When analyzing the price of wheat, for instance, producers must not only consider the market in the United States but also those of other key suppliers from overseas, such as Russia, Australia, Ukraine, and the European Union. The conversation becomes more complicated when examining the demand side. Indeed, US producers must now grapple with increasingly complex uncertainties when marketing their products. Consequently, in the modern global agricultural landscape, developing effective risk management is a crucial skill.
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