Futures Real Time
This graph shows the performance of a futures hedge against the current open market price for wheat. The future purchase allows the farmer to fix the wheat price. The only downside being that the farmer won’t benefit if the market falls.
The table shows also the fixed price and the current open market price. In addition, the ‘initial margin’ and ‘margin call’ positions which impact cash flow requirements. See glossary for more.
‘Using futures to fix forward wheat price for Nov-11’
Date | Price fixed via futures | Price | Initial Margin | Margin call | Total cash flow |
---|---|---|---|---|---|
8 Sep 2011 | 160.00 | 169.00 | -12.40 | 9.00 | -3.40 |
7 Sep 2011 | 160.00 | 170.50 | -12.40 | 10.50 | -1.90 |
6 Sep 2011 | 160.00 | 169.00 | -12.40 | 9.00 | -3.40 |
5 Sep 2011 | 160.00 | 170.20 | -12.40 | 10.20 | -2.20 |
2 Sep 2011 | 160.00 | 173.05 | -12.40 | 13.05 | .65 |
1 Sep 2011 | 160.00 | 172.75 | -12.40 | 12.75 | .35 |
31 Aug 2011 | 160.00 | 174.75 | -12.40 | 14.75 | 2.35 |
30 Aug 2011 | 160.00 | 174.00 | -12.40 | 14.00 | 1.60 |
26 Aug 2011 | 160.00 | 171.75 | -12.40 | 11.75 | -.65 |
25 Aug 2011 | 160.00 | 169.95 | -12.40 | 9.94 | -2.45 |
24 Aug 2011 | 160.00 | 169.00 | -12.40 | 9.00 | -3.40 |
23 Aug 2011 | 160.00 | 169.00 | -12.40 | 9.00 | -3.40 |
22 Aug 2011 | 160.00 | 166.00 | -12.40 | 6.00 | -6.40 |
19 Aug 2011 | 160.00 | 163.55 | -12.40 | 3.55 | -8.84 |
18 Aug 2011 | 160.00 | 162.50 | -12.40 | 2.50 | -9.90 |
17 Aug 2011 | 160.00 | 164.00 | -12.40 | 4.00 | -8.40 |
16 Aug 2011 | 160.00 | 164.50 | -12.40 | 4.50 | -7.90 |
15 Aug 2011 | 160.00 | 164.85 | -12.40 | 4.84 | -7.55 |
12 Aug 2011 | 160.00 | 163.25 | -12.40 | 3.25 | -9.15 |
11 Aug 2011 | 160.00 | 163.25 | -12.40 | 3.25 | -9.15 |
10 Aug 2011 | 160.00 | 162.00 | -12.40 | 2.00 | -10.40 |
9 Aug 2011 | 160.00 | 160.70 | -12.40 | .69 | -11.70 |
8 Aug 2011 | 160.00 | 157.25 | -12.40 | -2.75 | -15.15 |
5 Aug 2011 | 160.00 | 159.65 | -12.40 | -.34 | -12.75 |
4 Aug 2011 | 160.00 | 161.25 | -12.40 | 1.25 | -11.15 |
3 Aug 2011 | 160.00 | 164.00 | -12.40 | 4.00 | -8.40 |
2 Aug 2011 | 160.00 | 161.00 | -12.40 | 1.00 | -11.40 |
1 Aug 2011 | 160.00 | 163.50 | -12.40 | 3.50 | -8.90 |
29 Jul 2011 | 160.00 | 163.65 | -12.40 | 3.65 | -8.74 |
28 Jul 2011 | 160.00 | 165.00 | -12.40 | 5.00 | -7.40 |
27 Jul 2011 | 160.00 | 163.50 | -12.40 | 3.50 | -8.90 |
26 Jul 2011 | 160.00 | 162.50 | -12.40 | 2.50 | -9.90 |
25 Jul 2011 | 160.00 | 160.20 | -12.40 | .19 | -12.20 |
22 Jul 2011 | 160.00 | 161.00 | -12.40 | 1.00 | -11.40 |
21 Jul 2011 | 160.00 | 163.00 | -12.40 | 3.00 | -9.40 |
20 Jul 2011 | 160.00 | 165.65 | -12.40 | 5.65 | -6.74 |
19 Jul 2011 | 160.00 | 165.90 | -12.40 | 5.90 | -6.49 |
18 Jul 2011 | 160.00 | 162.00 | -12.40 | 2.00 | -10.40 |
15 Jul 2011 | 160.00 | 165.00 | -12.40 | 5.00 | -7.40 |
14 Jul 2011 | 160.00 | 166.15 | -12.40 | 6.15 | -6.24 |
13 Jul 2011 | 160.00 | 167.15 | -12.40 | 7.15 | -5.24 |
12 Jul 2011 | 160.00 | 161.50 | -12.40 | 1.50 | -10.90 |
11 Jul 2011 | 160.00 | 162.50 | -12.40 | 2.50 | -9.90 |
8 Jul 2011 | 160.00 | 164.75 | -12.40 | 4.75 | -7.65 |
7 Jul 2011 | 160.00 | 161.65 | -12.40 | 1.65 | -10.75 |
6 Jul 2011 | 160.00 | 163.50 | -12.40 | 3.50 | -8.90 |
5 Jul 2011 | 160.00 | 165.50 | -12.40 | 5.50 | -6.90 |
4 Jul 2011 | 160.00 | 162.50 | -12.40 | 2.50 | -9.90 |
1 Jul 2011 | 160.00 | 160.50 | -12.40 | .50 | -11.90 |
30 Jun 2011 | 160.00 | 157.05 | -12.40 | -2.94 | -15.35 |
29 Jun 2011 | 160.00 | 168.50 | -12.40 | 8.50 | -3.90 |
28 Jun 2011 | 160.00 | 164.25 | -12.40 | 4.25 | -8.15 |
27 Jun 2011 | 160.00 | 158.50 | -12.40 | -1.50 | -13.90 |
24 Jun 2011 | 160.00 | 163.50 | -12.40 | 3.50 | -8.90 |
23 Jun 2011 | 160.00 | 164.10 | -12.40 | 4.09 | -8.30 |
22 Jun 2011 | 160.00 | 164.00 | -12.40 | 4.00 | -8.40 |
21 Jun 2011 | 160.00 | 174.00 | -12.40 | 14.00 | 1.60 |
17 Jun 2011 | 160.00 | 174.50 | -12.40 | 14.50 | 2.10 |
16 Jun 2011 | 160.00 | 173.50 | -12.40 | 13.50 | 1.10 |
15 Jun 2011 | 160.00 | 175.00 | -12.40 | 15.00 | 2.60 |
14 Jun 2011 | 160.00 | 177.25 | -12.40 | 17.25 | 4.85 |
13 Jun 2011 | 160.00 | 180.35 | -12.40 | 20.35 | 7.94 |
10 Jun 2011 | 160.00 | 184.45 | -12.40 | 24.45 | 12.05 |
9 Jun 2011 | 160.00 | 189.40 | -12.40 | 29.40 | 17.00 |
8 Jun 2011 | 160.00 | 189.00 | -12.40 | 29.00 | 16.60 |
7 Jun 2011 | 160.00 | 184.50 | -12.40 | 24.50 | 12.10 |
6 Jun 2011 | 160.00 | 189.50 | -12.40 | 29.50 | 17.10 |
3 Jun 2011 | 160.00 | 193.00 | -12.40 | 33.00 | 20.60 |
2 Jun 2011 | 160.00 | 191.45 | -12.40 | 31.45 | 19.05 |
1 Jun 2011 | 160.00 | 187.65 | -12.40 | 27.65 | 15.25 |
31 May 2011 | 160.00 | 189.50 | -12.40 | 29.50 | 17.10 |
27 May 2011 | 160.00 | 197.00 | -12.40 | 37.00 | 24.60 |
26 May 2011 | 160.00 | 198.50 | -12.40 | 38.50 | 26.10 |
25 May 2011 | 160.00 | 193.25 | -12.40 | 33.25 | 20.85 |
24 May 2011 | 160.00 | 191.35 | -12.40 | 31.35 | 18.95 |
23 May 2011 | 160.00 | 193.50 | -12.40 | 33.50 | 21.10 |
20 May 2011 | 160.00 | 194.00 | -12.40 | 34.00 | 21.60 |
19 May 2011 | 160.00 | 193.50 | -12.40 | 33.50 | 21.10 |
18 May 2011 | 160.00 | 191.00 | -12.40 | 31.00 | 18.60 |
17 May 2011 | 160.00 | 180.50 | -12.40 | 20.50 | 8.10 |
16 May 2011 | 160.00 | 177.75 | -12.40 | 17.75 | 5.35 |
13 May 2011 | 160.00 | 175.25 | -12.40 | 15.25 | 2.85 |
12 May 2011 | 160.00 | 172.50 | -12.40 | 12.50 | .09 |
11 May 2011 | 160.00 | 175.65 | -12.40 | 15.65 | 3.25 |
10 May 2011 | 160.00 | 179.00 | -12.40 | 19.00 | 6.60 |
9 May 2011 | 160.00 | 177.75 | -12.40 | 17.75 | 5.35 |
6 May 2011 | 160.00 | 168.75 | -12.40 | 8.75 | -3.65 |
5 May 2011 | 160.00 | 167.60 | -12.40 | 7.59 | -4.80 |
4 May 2011 | 160.00 | 168.15 | -12.40 | 8.15 | -4.24 |
3 May 2011 | 160.00 | 172.00 | -12.40 | 12.00 | -.40 |
28 Apr 2011 | 160.00 | 169.65 | -12.40 | 9.65 | -2.74 |
27 Apr 2011 | 160.00 | 174.60 | -12.40 | 14.60 | 2.19 |
26 Apr 2011 | 160.00 | 180.00 | -12.40 | 20.00 | 7.60 |
21 Apr 2011 | 160.00 | 177.40 | -12.40 | 17.40 | 5.00 |
20 Apr 2011 | 160.00 | 178.25 | -12.40 | 18.25 | 5.85 |
19 Apr 2011 | 160.00 | 174.10 | -12.40 | 14.10 | 1.69 |
18 Apr 2011 | 160.00 | 170.75 | -12.40 | 10.75 | -1.65 |
15 Apr 2011 | 160.00 | 164.50 | -12.40 | 4.50 | -7.90 |
14 Apr 2011 | 160.00 | 165.50 | -12.40 | 5.50 | -6.90 |
13 Apr 2011 | 160.00 | 166.90 | -12.40 | 6.90 | -5.49 |
12 Apr 2011 | 160.00 | 167.75 | -12.40 | 7.75 | -4.65 |
11 Apr 2011 | 160.00 | 170.00 | -12.40 | 10.00 | -2.40 |
8 Apr 2011 | 160.00 | 169.50 | -12.40 | 9.50 | -2.90 |
7 Apr 2011 | 160.00 | 169.25 | -12.40 | 9.25 | -3.15 |
6 Apr 2011 | 160.00 | 171.35 | -12.40 | 11.35 | -1.05 |
5 Apr 2011 | 160.00 | 171.05 | -12.40 | 11.05 | -1.34 |
4 Apr 2011 | 160.00 | 171.20 | -12.40 | 11.20 | -1.20 |
1 Apr 2011 | 160.00 | 167.50 | -12.40 | 7.50 | -4.90 |
31 Mar 2011 | 160.00 | 167.55 | -12.40 | 7.55 | -4.84 |
30 Mar 2011 | 160.00 | 162.50 | -12.40 | 2.50 | -9.90 |
29 Mar 2011 | 160.00 | 161.75 | -12.40 | 1.75 | -10.65 |
28 Mar 2011 | 160.00 | 163.00 | -12.40 | 3.00 | -9.40 |
25 Mar 2011 | 160.00 | 161.75 | -12.40 | 1.75 | -10.65 |
24 Mar 2011 | 160.00 | 158.00 | -12.40 | -2.00 | -14.40 |
23 Mar 2011 | 160.00 | 156.25 | -12.40 | -3.75 | -16.15 |
22 Mar 2011 | 160.00 | 156.00 | -12.40 | -4.00 | -16.40 |
21 Mar 2011 | 160.00 | 159.25 | -12.40 | -.75 | -13.15 |
18 Mar 2011 | 160.00 | 163.30 | -12.40 | 3.30 | -9.09 |
17 Mar 2011 | 160.00 | 158.20 | -12.40 | -1.80 | -14.20 |
16 Mar 2011 | 160.00 | 148.60 | -12.40 | -11.40 | -23.80 |
15 Mar 2011 | 160.00 | 145.00 | -12.40 | -15.00 | -27.40 |
14 Mar 2011 | 160.00 | 151.00 | -12.40 | -9.00 | -21.40 |
11 Mar 2011 | 160.00 | 153.50 | -12.40 | -6.50 | -18.90 |
10 Mar 2011 | 160.00 | 154.50 | -12.40 | -5.50 | -17.90 |
9 Mar 2011 | 160.00 | 155.95 | -12.40 | -4.05 | -16.45 |
8 Mar 2011 | 160.00 | 157.50 | -12.40 | -2.50 | -14.90 |
7 Mar 2011 | 160.00 | 161.25 | -12.40 | 1.25 | -11.15 |
4 Mar 2011 | 160.00 | 163.00 | -12.40 | 3.00 | -9.40 |
3 Mar 2011 | 160.00 | 163.30 | -12.40 | 3.30 | -9.09 |
2 Mar 2011 | 160.00 | 161.00 | -12.40 | 1.00 | -11.40 |
1 Mar 2011 | 160.00 | 163.00 | -12.40 | 3.00 | -9.40 |
28 Feb 2011 | 160.00 | 164.50 | -12.40 | 4.50 | -7.90 |
25 Feb 2011 | 160.00 | 166.75 | -12.40 | 6.75 | -5.65 |
24 Feb 2011 | 160.00 | 163.75 | -12.40 | 3.75 | -8.65 |
23 Feb 2011 | 160.00 | 159.25 | -12.40 | -.75 | -13.15 |
22 Feb 2011 | 160.00 | 160.00 | -12.40 | .00 | -12.40 |