Hedgestreet Offers New Agricultural Contracts

HedgeStreet now offers monthly Yes/No contracts based on the estimated corn and soybean production forecasts released by the USDA’s National Agricultural Statistical Service (NASS). The crop production reports are carefully monitored by commodity futures traders and have a direct impact on prices. The corn and soybean reports are released by the United States Department of Agriculture on a monthly basis from August through November as well as in January. Said John Nafeh, CEO of HedgeStreet: “Corn and soybeans are highly sought-after commodities used in thousands of food items and industrial applications. By trading these new Hedgelets, HedgeStreet members can offset risks associated with rising and/or fluctuating corn and soybean prices or speculate on the direction and degree production forecasts will change.”