Well if knew much about FE futures you would know it was fairly new & extremely illiquid back then so it wasn't as straight forward as you would think & for that sort of volume it needed to be managed into the market very carefully.
If you want to be a smart arse, it pays to know a little bit about what you are talking about.
The reason they didn't do the hedge imo was they didn't want to give up $10/ton!
Well now they have given up $60.
Well if knew much about FE futures you would know it was fairly...
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