John, please let me respond to your statement about buying the put. If he wants to take advantage of an INCREASE in the market AFTER he sells the grain he should buy a "call" option. If he does not sell the grain and is concerned about the market going "down" then he should buy the "put" option. I am a registered Commodity Broker and all my work centers around marketing grain for grain farmers. I DO NOT KNOW WHAT THE MARKET IS GOING TO DO, but would be happy to answer any questions. Please be aware there is always risk associated with the futures market.
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Today's Featured Article - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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