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Cargill "Focal Point"
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RayJenkins
Posted 9/13/2017 16:22 (#6245869 - in reply to #6245857)
Subject: RE: Cargill "Focal Point"


SC Iowa
C is totally ambivalent about price direction as it is the farmer who has the futures price risk

C wants to own corn at these basis levels so they can earn the carry

encouraging use of focal point is just another way for the farmer to stay long
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