Got a couple new forward contracts to sign. I do these mainly to ensure availability of the coffee while still being able to spread the payments out over time so those are normally just written in terms of what the price is, but there's enough volatility that one of these is more directly tied to C futures and is written in terms that reflect that.
One of the nice things about having been involved in developing professional development curricula for coffee roasting professionals is that I was able to learn about this sort of thing from several extremely qualified people earlier in the supply chain so I look at a contract that's not quite the same as what I normally get and I know what the words mean, why it was written like that, and what the implications of those terms are.
