You may also use the futures market by going directly into the market and owning contracts or by using the options markets. Before using the futures markets directly, be sure you understand thoroughly the financial loss you will incur if the price moves against you. Most farmers who speculate in the futures markets lose money. The best advice may be to stick to using the futures market as a hedging tool to guarantee a price for your crop. Use price stops and other means to protect yourself against losses.
Losses often do occur.
If pricing grain ahead of production, be sure you are protected by insurance or contract provision to prevent losses if you don't have a crop to deliver.