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E.Central MN | The last year has made geniuses out of some and fools out of others, so being lost is not such a big deal(especially at cash $7.50 beans and $3.50corn). I do think we're talking about two different markets---futures and cash. I don't think the cash market is as efficient as the futures, mainly because it deals with a physical product and there are gatekeepers that usually extract more $$ from the market when supply is very large(at harvest) and extract less when supplies are tight and they have contracts to fill with endusers. The rapid expansion of ethanol plants has changed these dynamics to some extent. Its certainly a different environment to operate in. Some of us are still lost, just not as worried about it. | |
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market prices - are they priced right?
