Hedge Balances
The Hedge Balances panel provides an overview of the elevator’s cash grain position in terms of long or short bushels of a commodity. The Hedge Balances panel can be added to a workspace by clicking on Connect in the main toolbar and selecting Hedge Balances in the Hedge grouping.
Hedge Balances Layout
Below is a top level layout of the Hedge Balances panel.
The panel is broken down into tiers (or levels) top to bottom and columns (or data fields) left to right. As you expand the tiers the data granularity will increase from commodity (top tier) to offers (tier 4). As the tiers are expanded, the columns update with the various applicable data values.
Hedge Balances Levels (rows)
Tier 1 (Commodity) - This level displays the commodity for which the grain bid and underlying future derive from. Supported commodities include corn, wheat and soybeans. In the 'Qty' column the total number open futures contracts(hedges) across all expirations is visible. To view the next level (futures expirations), click on the arrow icon to expand the row.
Tier 2 (Futures Expirations) - This level displays the futures expirations for which the commodity has underlying bids open. If a bid does not exist for an underlying future, the future will not display in the list. The ‘Qty’ column in this level displays the total number of open bids for the underlying future. The Hedge Balance column will display the long or short cash grain position of the futures contract month. To view the next level (grain bids), click on the arrow icon to expand the row.
Tier 3 (Grain Bids) - This level displays all of the grain bids for the underlying futures contract month. Here the location is for the bid is visible in addition to the delivery period and basis of the bid. The ‘Qty’ column shows the number of offers that have been placed on the bid.
Tier 4 (Grain Offer) - This level displays all offers placed on the grain bid. Here the status of the offer is visible and can be filled, working, expired or rejected. The ‘Qty’ column her shows the bushels offered.
Hedge Balances Columns
Depending on the which level is open, various fields will update with different values given the rows granularity. Some maybe also be empty depending on the row.
Location - Location will display the Elevator’s geographic location. This field will only display when the Grain Bid and Grain Offer tiers.
Status - The status is the state of the offer order. Status states include filled, working, expired and rejected. This field will only display in the Grain Offer tier.
Qty - The amount of outstanding hedges, grain bids, grain offers or bushel quantity of offer, dependent on the tier.
Delivery - The delivery period for the grain bid. Column will only display for the grain bid tier. This value is derived from the dates entered in the Bids panel when creating the bid.
Basis - Basis of the bid. This column will only display in the grain bid tier. This value is derived from the dates entered in the Bids panel when creating the bid.
Hege Balance - Current long or short position in the cash market. A positive number in the Hedge column indicates that the merchandiser is long cash grain by that number of bushels whereas a negative number indicates a short bushel position. A hedge balance of 0 indicates that the merchandiser is fully hedged for that delivery period. This field will display in the futures expiration tier.
Pending - Pending orders
Offset - Use the offset button to add bushels to the current hedge balances total
Offer- Use the Offer button in the Hedge column to manually create a new cash grain offer.
Hedge Balance Column Filtering
Use the Columns dropdown menu to add or remove data fields from the Hedge Balances panel.
Export
Export the Hedge Balances datatable to Excel in either xls or csv file types.
Settings
Customize the Hedge Balances display by clicking on the ‘cog wheel' icon.