OUr Services

What We Do

Integral Trading is an agricultural-focused risk management firm and introducing broker that believes prices are not predictable. We work with operations that have market risk exposure in either direction. Our core philosophy does not deviate from one operation to the next. However, each operation is unique, and we structure customized portfolios that fit each operation’s labor and logistical constraints.

Cash Price

1. Futures
2. Basis

There are two variables that make up cash price. As such, we believe these two components should be managed separately.

Fundamentally Based

Our fundamental understanding of the cash market, including the cost of transportation and convergence of the futures contract helps us direct our decisions regarding setting basis levels within the portfolio. There are a multitude of factors to consider when making these decisions such as geographical location, availability of labor, financial needs, storage capacity, and local production to name a few. We take these into consideration when assessing our recommendations for movement of the physical. 

Dynamically Driven

When it comes to managing futures price our core philosophy is anchored around a long volatility portfolio using options contracts that allow us to be flexible when opportunities arise. We observe implied volatility levels across the distribution and structure our portfolios accordingly. We reduce long volatility drag by actively gamma-scalping our position as markets allow.