Cotton hedging workshop scheduled in San Joaquin

COALINGA, Calif. — Noted international cotton economists Carl Anderson and O.A. Cleveland will join several others making presentations at a workshop on hedging with options May 10 at Harris Ranch here.

The workshop will run from 8 a.m. to 5 p.m.

Joining Cleveland and Anderson will be Mickey Paggi, director, Central of Agricultural Business, California State University Fresno and Judith Ganes-Chase and Eric Matsen, risk management consultants.

"This is going to be a very volatile marketing year with lots of potential for some highs and lows," says Bruce Roberts J.G. Boswell Chair of Agronomy at Fresno State.

"Being informed is the best insurance you can have and will increase your chances of hitting the highs and avoiding the lows," said Roberts, a former Kings County University of California Cooperative Extension farm advisor who has been a leader in setting up marketing seminars in the San Joaquin Valley.

"Don't miss this opportunity to hear the market outlook for 2005 and ways to reduce your marketing risks," Roberts added.

Noted speakers

Anderson, former professor and Extension economist (cotton marketing) in the Department of Agricultural Economic/Texas Cooperative Extension at Texas A&M University is well known in California, having made numerous presentations.

Cleveland is also a well-respected cotton economist and professor emeritus, Mississippi State University.

Anderson, Cleveland and Paggi will augment the discussion from the instructors, Chase and Matsen, representing the New York Board of Trade.

The instructors will discuss when and how to use a variety of option strategies including: fences, 3-ways and calendar back spreads to manage price risks.

Matsen has been involved in the financial markets since 1981. He was a stock index futures strategist for Shearson Lehman Brothers, a registered broker-dealer and option floor trader at the New York Stock Exchange, the senior options strategist for Merrill Lynch and a risk manager for Sav Cot. As senior vice president of Dunavant Options, Matsen was responsible for recommending and implementing risk management strategies to cover exposures in relation to the parent firm’s physical cotton position.

Matsen now provides comprehensive derivative risk management advice, data services, software and educational seminars specific to customers active in the physical commodity and financial markets.

Ganes-Chase is president and founder of J. Ganes Consulting, LLC, a research and marketing services provider, has more than 20 years experience in food and agricultural commodities.

Her company provides research services on a subscription basis on cotton, as well as cocoa, sugar, coffee, and orange juice.

Prior to starting J. Ganes Consulting, she was director of news and research at InterCommerical Markets. She helped launch its state-of-the-art online trading platform, which enables companies to streamline and enhance their contract negotiation and fulfillment.

For more information on the workshop, contact Tim Barry at (212) 748-4096 or [email protected] or Jeanne Reeves at (919) 678-2370 or [email protected] To register, contact Raquel Allen at 212-748-4094 or [email protected] or Kay Wriedt (919) 678-2271 or [email protected]

Or you can call 559-582-3211 ext. 2730 and ask for Judy Hopper to reserve a seat.

e-mail:[email protected]

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