Holbrook Working

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Last quote by Holbrook Working

Elevator operators who hedge must depend chiefly on spreads between futures for profits from the storage of wheat. The elevator operator has little inducement to carry heavy wheat stocks into the new crop year unless September wheat is selling or is expected to sell at a higher price than July wheat.feedback
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May 24 2017 OPEC
Holbrook Working has most recently been quoted in an article called Should OPEC worry about contango and backwardation?. Holbrook Working said, “The difference between the price at which he buys in his hedge in the July future and the price at which he replaces it by sale of September wheat provides the elevator his chief or only return for storage of wheat.”. Holbrook Working has been quoted a grand total of 2 times in 1 article.
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