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To: Mr. Lucky

How do you think ADM influences the corn market?

In this case, sitting on huge stockpiles while waiting on prices to rise. This would be acceptable behaviour if they weren’t also pushing the government to give away taxpayer money to drive up consumption.


35 posted on 05/14/2008 7:43:01 AM PDT by freedomfiter2 (It's too bad I've already promised myself to never vote for McCain.)
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To: freedomfiter2
ADM's position is hedged. An increase in the price of corn after its purchased and hedged doesn't increase ADM's profit.

Actually, an increase in the value of corn decreases ADM's net profit by the amount that it costs ADM to meet its margin call.

36 posted on 05/14/2008 8:02:44 AM PDT by Mr. Lucky
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