The fourth lecture complements the topics discussed in Study Guide: Chapter Four.

Topics covered include:

• how LGM basis differs from traditional futures basis; and
• optimal times to purchase LGM insurance based on historical prices.

• Chapter Four Lecture
• Chapter Four Text
• Chapter Four Slide Presentation
• Check for Understanding

• To view the printed course materials and slides, you will need the Adobe Acrobat Reader
• To view the videos, you will need the free RealPlayer software available from Real.com.