northern edge of north central Missouri | timis - 8/14/2024 11:50
I’m not for government regulation, but I think one thing that would be beneficial is finding a way to get speculators out. Yes it drives prices too high, and too low- but by speculating they are gambling with my livelihood. What does it do to our demand when they jerk them around like a yo yo. I’d say the same with the stock market- you shouldn’t be able to short something so hard it breaks a company. If you want to gamble, go ahead, but it shouldnt hurt others. How many end users have gone under because of margin calls - usually their credit line runs out and they have to liquidate so they lose 2x. How much interest have farmers paid over the years in margin calls? Commodity markets should be stable - remember the days of 1/4 and 1/2 cent moves being norm? Now throw in AI and it’s a whole new ball game. Just my opinion, but I think farmers and end users would both agree on this.
The combination of having unchecked gamblers in the market and the USDA providing constant comfort to said gamblers is not my preference.
But if people say anything they get told that they’re looking for a boogy man or someone to blame their poor marketing on or whatever. It’s a way to silence opposition to government and it works.
So just accept it.
Add: I prefer a market to remain between buyers and sellers of product. As close to that simple concept as possible in a global market.
Edited by fatan sassy 8/14/2024 12:57
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It’s not all supply and demand.
