Issue: № 1, 2025
Doi: https://doi.org/10.37634/efp.2025.1.15
Introduction. In today's environment of price instability in global commodity markets and fluctuating exchange rates, grain companies are being forced to look for new, non-standard methods of hedging financial transactions in order to respond quickly to current economic changes. The purpose of the paper is to study the features of price, currency and external risks of the grain business, as well as to identify the main characteristics and to justify possibilities of using ad hoc hedging on the grain market in Ukraine. Results. It was emphasized that the effective use of ad hoc hedging reduces uncertainty and risk for producers, traders and exporters, helping to increase the competitiveness of the grain market and ensure Ukraine's economic stability in the face of global instability. The study presents a SWOT-analysis of ad hoc hedging on the grain market in Ukraine, particularly as its strengths and weaknesses, as the opportunities and threats to development. It was highlighted that grain companies have limited access to futures or options due to underdeveloped derivatives market in Ukraine and the lack of functioning agricultural stock market. Therefore, grain companies use financial instruments such as forward contracts or manual balancing of cash flows by combining different types of loans or deposits. Conclusions. It was determined that ad hoc hedging is an appropriate and effective risk management method for small and medium-sized grain companies that do not have access to complex financial instruments and do not need to use them. In addition, it was concluded that ad hoc hedging is not a planned risk management method and does not have a single type of financial instrument for its use.
Keywords : hedging, risk management, grain market, of price risks, currency risks, external risks, financial instruments
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