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Troy Hastings

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  • Troy Hastings

    Commodity Managers and Hurricanes

    The mild start to the 2007 hurricane season has actually been on the minds of many commodity managers in futures trading. Without an active hurricane season, commodity managers are seeing orange juice futures plummet. Orange grove owners are no doubt waiting to sell futures contracts, hoping to see an upturn in prices. Additionally, speculators holding naked selling naked puts are likely to extremely nervous as a storm-free season could leave them with huge losses.

    Other Weather Related Futures

    With an unusually long heat wave for Troy Hastings the Midwest growing regions, commodity managers are seeing prices continue to move upward in soybean and corn futures. These prices will continue to climb until the region sees relief from the soaring temperatures.