How grain licensing and financial regulation affect your contracts and the markets. Dhe world of forward grain contracting boiled down to its most basic elements is relatively simple. A grower and processor agree, for example, that the grower will deliver a certain quantity of grain at some definite time in the future for a price determined today. A major benefit to the grower is that it knows the price it will receive for its grain and can plan its operations accord-ingly. Conversely, the processorknows both the quantity of grain it will receive and the price that it will pay and can, likewise, plan accordingly.
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