When the Road Gets Rough, the Tough Get Hedging: StoneX

Market participants have sharply different views of which way prices will go over the next three months – but whichever camp you’re in, futures are your friend, according to one expert on the matter.

Futures markets have seen steep selloffs in recent trading sessions, moves indicating that some industry participants think prices have peaked and are set to fall, StoneX Financial Inc. – FCM Division Risk Management Consultant Spencer Johnson told Steel Market Update.

Michael Cowden

Michael Cowden is editor-in-chief for Steel Market Update. Cowden has covered the steel industry since 2007. He specializes in flat-rolled steel but has also reported on steel long products, steel pipe and tube, and aluminum. Before joining SMU, Cowden held reporting jobs at Fastmarkets AMM in Chicago, the Associated Press in Pittsburgh, and the Cambodia Daily in Phnom Penh. He has also worked as a copy editor and in marketing at the University of Chicago Press. Cowden has a BA in English from the University of Chicago and an MSJ journalism from Northwestern University’s Medill School of Journalism. Contact him at michael@steelmarketupdate.com or 724-759-7872.

Michael Cowden

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