News: Trading Futures

CEO Peter Davies was recently quoted in U.S. News & World Report on trading futures;

"The best example of why these contracts exist is illustrated by a farmer selling corn and Kellogg Co. (ticker: K) making Corn Flakes, says Peter Davies, CEO of Jigsaw Trading. In this case, a farmer will want to sell corn futures, which guarantee that he can sell his corn at a certain price at a time in the future. "That means he knows what he'll earn for a crop, Davies says. On the other side, Kellogg's might buy corn futures to lock in the price of corn they will buy in the future, so they know what the Corn Flakes will cost to make."

Get the full story in U.S. News & World Report here:

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