Loading ...Another problem in the commodity world is take/make delivery. It’s not possible for an individual farmer to deliver grain on the futures market. It requires a “delivery certificate” issued by an elevator and they won’t issue to an individual. The elevator doesn’t get their additional $.50 if they don’t sell it. Try to take delivery of gold and silver. They will issue a “warehouse receipt” and storage and insurance starts.
producers want to sell at the top, commercials want to buy at the bottom. The speculator moves the market from bottom to top. When they allow owed the slime balls in the middle, things went wrong. The regulators just had to look the other way for a few million.
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