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Once linked, any futures contract selected in the Hedge Balances will automatically pull in the cash and futures trading history for the futures contract. Seeing the history will help in tracking which futures hedges cover which cash transactions.
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Hedge Balances Details Layout
Below is a top level overview of the Hedge Balances Details panel.
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The elevator is now long 1500 bushels of unhedged cash grain. If an additional 1050 bushels or more are sold to the elevator, a futures hedge will automatically be executed to cover the cash position. As the hedge threshold is set to 2550 (futures contract underlying 5000 bushels * .51 = 2500), with an existing inventory of 1500 an additional 1050 bushels will set off the auto futures hedge. Below an additional 1050 bushels is sold the elevator’s ‘Chicago New Crop 2025’ bid via the Basis Trade panel summing to a total cash position of 2550.
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Once the cash and is executed, the futures hedge is also placed. Now you can the Hedge Balances updates with with a short -2450 position as the 5000 futures bushels are subtracted from the 2550 cash position.
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In the Cash and Hedge modal, the cash and futures orders are now visible.
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Cash and Hedge Details
In the lower part of the Hedge Balances Details is the links section which shows the details of the hedges and the cash offers they cover. For our example, below you an see all of the cash orders that transpired up to the order that triggered the autohedge based on the 51% threshold.
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A complete audit trail is visible for the transaction from the Basis Trade to the Hedge Balances to the Hedge Balances Details.
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Hedge Balances Details Columns
Add or remove any data fields by clicking on the Columns in either of the modals of the Basis Trade Details panel.
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Hedge Balances Details Settings
Customize the display of the panel by clicking on the ‘cog wheel’ icon to open up the Settings dialogue.
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