N.W. Ohio | coup - 2/23/2017 08:34
Who said it was illegal or immoral? Anybody that sells something they don't have in possession is a speculator . Nothing illegal or immoral about spec trading. Anything sold ahead should be sold on the board and margind by the seller vs hiding behind another party. If this was the case would be less focus on spec selling and more focus on things that improve the bottom line year in and out in a farming operation.
So, your saying a farmer should never forward contract thru an elevator or terminal? If a person is happy with the buyer and the basis they are offering to purchase the grain at, what is the problem with that? |