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Huntley Montana | I don't think anyone would just offer $2 above market. I'm not sure what the bean daily limit is, but wheat is $.30 unless it limits 3 days then the limit is raised. The buyers has many sellers wanting to sell & they have many buyers wanting to buy. but if there is 1 more buyer than seller or 1 more seller than buyers then the market moves up or down.
There has been a few try to "corner" the market. Hunt Brother's tried in Soybeans, Sugar & Silver, made millions, & lost more millions when there were no buyers when they wanted to sell. They ran silver & sugar to the 50's-60's & got handed thier hat. | |
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Stupid question
