Posted 5/14/2016 13:37 (#5301323 - in reply to #5301250) Subject: RE: Board of trade hater's what is your suggestion?
Western Nebraska
If that were true then no cash market could function without a futures market. There are several that do operate without a futures market and they work just fine. There is limited opportunity for speculation in those markets but that is really the whole point isn't it?
I have never thought that the high prices we saw over the last couple of years were either a reflection of fundamentals or a good thing for our business.