Comment for Proposed Rule 80 FR 200
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From:
james knake
Organization(s):
Goodwine Cooperative Grain Company
Comment No:
60272
Date:
1/19/2015
Comment Text:
We typically hedge almost 100% of our grain purchases. Many of those bushels are purchased during the weekend, when the CME is closed, so we often need to "prehedge" to protect ourselves from market fluctuations. We also hedge a lot of grain for many months at a time, and need to be able to protect those hedges by "locking in the spreads". Limiting these uses of the futures markets will be a risk on our company's ability to operate in an efficient and safe manor. We ask you to limit any changes that would affect how we run our business.
Sincerely, James Knake
Manager, Goodwine Coop
