In 2015, Iowa corn producers marketed approximately 2.5 billion bushels of corn and 554 million bushels of soybeans (USDA 2016). As part of their marketing strategy, some crop producers make use of pre-harvest pricing tools such as forward contracting and hedging with futures contracts.
Jacobs, Keri L.; Li, Ziran; and Hayes, Dermot J.
"Forward Contracting by Iowa Corn Producers: Connecting Hedging with Price Movements,"
Agricultural Policy Review: Vol. 2016
, Article 3.
Available at: https://lib.dr.iastate.edu/agpolicyreview/vol2016/iss3/3