Towarowe instrumenty pochodne w zarządzaniu ryzykiem cenowym w rolnictwie

Increased volatility of agricultural commodity prices that could be observed in recent years resulted in greater exposure of market participants to price risk. The article pointed out the development trends of the global and European derivatives market for agricultural commodities. While the absence of a national commodity derivatives market, using a simulation account, also an analysis of the economic merits of using derivatives for agricultural commodities, offered by foreign commodity exchanges. The article presents the possible use of market instruments to stabilize prices, including commodity derivatives to manage price risk on farms in Poland. With the use simulation account the paper presents the potential economic effects obtained in hedging transactions sales price of wheat on the futures market of Euronext Paris. In conclusion attention was paid to the dynamic development of the freight futures market in the world. It was also found that hedging prices of wheat produced and sold in Poland with the use of futures contracts traded on foreign futures markets are inefficient and difficult