Farm Progress

Cotton hedging/options workshop at Lubbock

Ron Smith 1, Senior Content Director

April 5, 2007

1 Min Read

The New York Board of Trade and Cotton Incorporated, in cooperation with Plains Cotton Growers, Inc., will sponsor a basic and intermediate level hedging with options workshop for cotton producers April 17 at the Holiday Inn Hotel and Towers at Lubbock.

Workshop topics include:

  • Why are options on cotton futures critical to your business?

  • What can options do for you and how?

  • Actionable hedging strategies based on various price scenarios.

  • Market Outlook.

Judith Ganes-Chase and Eric Matsen will discuss when and how to use a variety of option strategies, including fences, 3-ways, and calendar back spreads.

John Robinson, Texas A&M University economist, will examine the production cost outlook. Cotton marketing specialist O.A. Cleveland will provide a market outlook and Kelli Merritt, CropMark, Inc., Lamesa, Texas, will discuss hedging counter-cyclical payments. Mike Stevens, cotton specialist with Swiss Financial, will discuss practical applications.

The workshop begins at 8:00 am and concludes at 5:00 pm. Attendance is free, including lunch, but sponsors request participants register to reserve a seat.

For more information or to register for the workshop contact Raquel Allen at (212) 748-4094, or Kay Wriedt (919) 678-2271.

About the Author(s)

Ron Smith 1

Senior Content Director, Farm Press/Farm Progress

Ron Smith has spent more than 40 years covering Sunbelt agriculture. Ron began his career in agricultural journalism as an Experiment Station and Extension editor at Clemson University, where he earned a Masters Degree in English in 1975. He served as associate editor for Southeast Farm Press from 1978 through 1989. In 1990, Smith helped launch Southern Turf Management Magazine and served as editor. He also helped launch two other regional Turf and Landscape publications and launched and edited Florida Grove and Vegetable Management for the Farm Press Group. Within two years of launch, the turf magazines were well-respected, award-winning publications. Ron has received numerous awards for writing and photography in both agriculture and landscape journalism. He is past president of The Turf and Ornamental Communicators Association and was chosen as the first media representative to the University of Georgia College of Agriculture Advisory Board. He was named Communicator of the Year for the Metropolitan Atlanta Agricultural Communicators Association. More recently, he was awarded the Norman Borlaug Lifetime Achievement Award by the Texas Plant Protection Association. Smith also worked in public relations, specializing in media relations for agricultural companies. Ron lives with his wife Pat in Johnson City, Tenn. They have two grown children, Stacey and Nick, and three grandsons, Aaron, Hunter and Walker.

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