What will the new year bring for prices

[classicalliberal]

Yes Dalek, I know what you mean, when the commodity prices skyrocketed last summer, many elevators and crushers were having problems with margin calls and were not willing or able to buy more. This is why it is good to have a futures account. My banker told me that he would finance my margin calls for me cheaply because he knows that I am locking in profitable levels. If the elevator doesn't buy, just sell some futures. Besides, because of the risk premium on the basis out in advance, you would likely come out with a better price by buying back your futures at time of delivery at the current stronger basis then what they would be willing to forward contract for. I can understand why they do that because they are taking on the margin calls and have the basis risk because no one will bid out that far.

[dave4441]

Does anybody have any reccomendation for a broker in Saskatoon? A firm that will let a guy start on a small basis.

[classicalliberal]

I'm not sure of brokers in Saskatoon but there are a couple in Winnipeg. Union Securities and MF Global.