Why pay $30 - $50 per trade with a full service broker?

Farmers have historically used full-service brokers to buy and sell futures contracts to hedge their production.  Within that process, the broker served two roles.  First, they executed trades by contacting people on the trading floor to carry out the order.  Secondly, they conveyed information to farmers that they acquired through their interaction with traders. In those days, brokers were the only intermediary that provided these services to farmers and they charged accordingly.

However, the information age has leveled the playing field and empowered you to implement hedging on your own.  Today the internet allows anyone to trade the commodity markets at any time of the day and market information is readily available to those who seek it.  The role of the full-service broker is diminishing, especially with their commission rates set between $30 and $50 a trade.  

Learn more about the new way of navigating the market with the web-based, self-directed discount brokerage platform that saves you money when trading in the futures and options market. The platform is intuitive, easy-to-use, and empowers you to trade in a timely, cost effective manner. For only $7 commission per trade, you can easily and inexpensively hedge your crop production anytime the market is open, including overnight trading.
 
The goals of Growers Edge are simple, to empower you, the farmer, with quality data and tools, and incease your profitability.  Sign up for free access to Growers Edge and you will receive access to Trading Edge.