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To: 1rudeboy
the traders at the CBOT (somemost of whom may never have stepped on a farm) certainly know more about the commodities being traded-upon there then the farmer who grows them.

The CBT has for over 160 years had a "reputation" of manipulation. I am sure there are "honest" traders, but "trader" by norm implies something totally different. I have a relative who worked there for a while before she decided there were better things to do for a living.

just like the CBOT traders look to the farmer.

I see no evidence of that, other than reading the USDA planting and production reports. (my family has owned/operated farms in this county for 110+ years) My opinion of the CBOT is that you have a better chance of winning in Las Vegas than at the CBOT.

17 posted on 11/10/2010 7:10:52 AM PST by Texas Fossil (Government, even in its best state is but a necessary evil; in its worst state an intolerable one.)
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To: Texas Fossil

Do you use the CBOT to hedge your risk? How do you reconcile your complaint that CBOT traders are not farmers, when you are a farmer and not a CBOT trader?


20 posted on 11/10/2010 7:14:53 AM PST by 1rudeboy
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To: Texas Fossil
My opinion of the CBOT is that you have a better chance of winning in Las Vegas than at the CBOT.

The CBOT is magic. They make the long and short side of the same contract lose money /sarc

29 posted on 11/10/2010 7:29:06 AM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Texas Fossil

I think it has gotten worse in the last 20 years, I think the CBOT has very little to do with production and everything to do with speculation. Once upon a time you could market your crops by following reality but now it just seems to be on the whims of traders.


67 posted on 11/10/2010 11:36:21 AM PST by tiki
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