A small straight hedge at the right money might not actually be bad. If the POG is heading south it's a master stroke - but then we are also in the wrong business. :(
Financiers often have tricks up their sleeve with novelty instruments as well as hedges. Perhaps not in this case as GDO is becoming stronger.
It's one thing to choose your hedge terms (size, price etc); It's another to have someone dictate terms.
The future POG i have no idea. Financier lining their pockets and protecting their interests, certainty.
GDO Price at posting:
33.5¢ Sentiment: None Disclosure: Held