Why are options on cotton futures critical to your business? Find out at a workshop on hedging with options Tuesday, Feb. 27, from 8 a.m. to 5 p.m., at the Peabody Hotel in Memphis.

For beginners, instructors Judith Ganes-Chase and Eric Matsen will provide the basics on using options on futures to manage risk.

For intermediate level marketers, they will discuss when and how to use a variety of option strategies including fences, three-ways and calendar back spreads.

The workshop will also include a production cost outlook by John Robinson, Texas A&M University, a market outlook by Carl Anderson, Texas A&M University, and information on hedging a countercyclical payment by Kelli Merritt, CropMark, Inc., Lamesa, Texas.

There will be no attendance fee and lunch will be provided. Register to reserve your seat. Contact Raquel Allen at (212) 748-4094 or rallen@nybot.com, or Kay Wriedt at (919) 678-2271 or kwriedt@cottoninc.com.

The event is sponsored by the New York Board of Trade and Cotton Incorporated.