# Cash Price

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## Cash Price

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##### Presentation Transcript

1. Futures Price + = Basis Forward Contract Futures Contract Put Options Call Options The Marketing Puzzle Price Cash Price Kim Anderson Cooperative Extension Crop Marketing Specialist Oklahoma State University

2. + Call Options Put Options Forward Contract Basis Futures Contract = Price Futures Price

3. = + Basis Forward Contract Futures Price Price Futures Contract Call Options Put Options

5. = + Basis Futures Price Price \$4.10 \$4.50 -\$0.40

6. Price of a Commodity Futures Contract Futures Price

7. Basis Difference Between Two Prices

8. = + Basis Futures Price Price \$4.10 \$4.50 -\$0.40

9. A Contract requiring delivery (acceptance) of a specified quantity and quality of a specified commodity during a specified period at a specified location, at a specified price. Forward Contract

10. = + Basis Forward Contract Futures Price \$4.25 \$4.75 -\$0.50 Price \$4.25

11. A contract requiring delivery (short/sold) or a acceptance (long/bot/buy) of a specified quantity and quality of a commodity during a specified delivery period at a specified location, at a specified futures contract price. Futures Contract

12. = + Basis Forward Contract Futures Contract Futures Price \$4.10 \$4.50 -\$0.40 Price \$4.50

13. A contract which gives the buyer the "right" to sell a specified Futures Contract at a specified price. Premium (value) increases as price decreases. Put Options

14. = + Price Basis Forward Contract Futures Contract Futures Price Put Option \$4.50 Buy 450 @\$0.30

15. A contract which gives the buyer the "right" to buy a specified Futures Contract at a specified price. Premium (value) increases as price increases. Call Options

16. = + Price Basis Forward Contract Futures Contract Call Option Futures Price Put Option \$4.50 Buy 450 @\$0.30

17. + Call Options Put Options Forward Contract Basis Futures Contract = Price Futures Price

18. = + Basis Forward Contract Futures Price Price Futures Contract Call Option Put Option