Hedge Position transactions record the purchases and sales of futures to reflect your company’s hedge position.
The Hedge Position information is used to manage futures that are bought or sold by your company to offset your long or short position.
What you'll find:
To add new hedge position transactions:
* indicates a required field (other fields are optional)
Navigate to Grain > Hedge Position.
The Hedge Position window opens.
Click Add.
The Add Hedge Position Transaction window opens.
To enter a specific reference number, clear the Generate Reference Automatically check box and type it in the Reference* box.
Each hedge position requires a unique reference number for future tracking. If the Generate Reference Automatically check box is selected, agrē assigns the next sequential number.
The Transaction Date* defaults to today, but can be back-dated.
Select the Commodity* and Location*.
Select the Type* of Hedge Position Transaction: Buy or Sell.
(Config C) Enter the Crop Year.
Type in either the Quantity (in Metric Tonnes)* and Price (in Metric Tonnes)*
- or -
the Quantity (in Bushels)* and Price (in Bushels)*
and the other will be calculated automatically using the Commodity conversion rate.
Pricing for MT can have up to 2 decimal places; pricing for Bushels can have up to 4 decimal places.
Select the Currency*, Grain Market*, Futures Month/Year*, and Number of Contracts* (must be > 0).
Lifts
For each Lift enter a Reference No, or leave it blank and agrē assigns the next sequential number.
Enter the Date* of the lift.
Type in either the Quantity (in Metric Tonnes)* and Price (in Metric Tonnes)*
- or -
the Quantity (in Bushels)* and Price (in Bushels)*
and the other will be calculated automatically using the Commodity conversion rate.
Indicate the currency of the price (CAD or USD).
Click Save to save the Hedge Position Transaction .
The Add Hedge Position Transaction window closes.
Hedges can be Edited and lifted individually, or use Auto Lift to lift multiple hedges at the same time (must be same lifts of the same type, commodity, and Futures Month/Year)
To edit a hedge position
Navigate to Grain > Hedge Position.
The Hedge Position window opens.
Select a Hedge Position Transaction row and click Edit.
The Edit Hedge Position Transaction window opens.
Make your changes as needed.
Click Save.
The Edit Hedge Position Transaction window closes.
To auto lift multiple hedge positions
Navigate to Grain > Hedge Position.
The Hedge Position window opens.
Click Auto Lift.
The Hedge Position Auto Life window opens.
Filter Hedge Positions to lift by Type, Commodity, and Futures Month/Year (all are required).
Select USD if applicable.
Click Search.
Hedge Positions that meet the criteria are listed.
In the MT or BUS column, enter the total Quantity to lift and the Price.
Click Auto Lift.
The Auto Lift Complete window opens.
Click OK.
Deleting a Hedge Position Transaction removes it immediately from the database.
To delete a hedge position
Navigate to Grain > Hedge Position.
The Hedge Position window opens.
Select a Hedge Position Transaction row and click Delete.
The Delete Transaction window opens.
Select Yes to delete the futures row.
The row is deleted but you will need to Save your changes to make the removal permanent.
Select No to cancel the row removal.