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<DIV><FONT color=#000000 size=2>Ira wrote:</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV>Your buying them with your tax dollars. Ira. </DIV>
<DIV> </DIV>
<DIV><FONT color=#000000 size=2>Oh, well then, I feel so much better knowing
that! But now I have another question: why don't farmers use the futures markets
to hedge instead of expecting government subsidies? Isn't that why the futures
markets were created in the first place?</FONT></DIV>
<DIV><FONT color=#000000 size=2><A
href="mailto:dconn@xxxxxxxxx";>dconn@xxxxxxxxx</A></FONT></DIV>
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<P>Dennis Conn wrote:
<BLOCKQUOTE TYPE = CITE> <FONT color=#000000><FONT size=-1>With the
current thread on why farmers continue to grow beans instead of corn,
two questions come to mind:</FONT></FONT><FONT color=#000000><FONT
size=-1>1)if more soybeans are grown year after year only to be put into
storage, how will farmers hope to break even (the price of beans can
only go down, unless someone comes up with another use for
them)?</FONT></FONT><FONT size=-1>2) whatever happened to the concept of
crop rotation?</FONT> <FONT color=#000000><FONT size=-1>Dennis
C.</FONT></FONT></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Mon Mar 01 12:28:18 1999
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From: Ira <ist@xxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: beans, etc.
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The same type of thing has happened in the past. If the farmers bought
the futures, because the beans were less expensive then they would be if
the farmer had to plant and harvest them, the exchange would just say we
sold more bean future contracts then there are beans in the world
and now you can't exercise your contracts, you have to sell them back to
us. The exchanges change the rules to suit their pocket books, not yours.
Ask the Hunts, they wanted the silver and had the money to pay for it.
You could ask that Italian who wanted to take delivery of the beans.
Always remember. In the futures markets they can change the rules
any time it suits them. It is once again a case of the foxes guarding the
chicken coop. Ira.
<p>Dennis Conn wrote:
<blockquote TYPE=CITE> <font color="#000000"><font size=-1>Ira wrote:</font></font> Your
buying them with your tax dollars. Ira. <font color="#000000"><font size=-1>Oh,
well then, I feel so much better knowing that! But now I have another question:
why don't farmers use the futures markets to hedge instead of expecting
government subsidies? Isn't that why the futures markets were created in
the first place?</font></font><font color="#000000"><font size=-1>dconn@xxxxxxxxx</font></font>
<blockquote
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
<br> Dennis Conn wrote:
<blockquote TYPE = CITE> <font size=-1><font color="#000000">With
the current thread on why farmers continue to grow beans instead of corn,
two questions come to mind:1)if more soybeans are grown year after year
only to be put into storage, how will farmers hope to break even (the price
of beans can only go down, unless someone comes up with another use for
them)?</font>2) whatever happened to the concept of crop rotation?</font>
<font color="#000000"><font size=-1>Dennis C.</font></font></blockquote>
</blockquote>
</blockquote>
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</x-html>From ???@??? Mon Mar 01 12:28:20 1999
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From: TheGonch <Daniel.Goncharoff@xxxxxxxxxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: beans, etc.
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What does hedging have to do with subsidies? If you hedge at a price
which is 'break even', it's still only break even.
Dennis Conn wrote:
>
> Ira wrote:
>
> Your buying them with your tax dollars. Ira.
>
> Oh, well then, I feel so much better knowing that! But now I have
> another question: why don't farmers use the futures markets to hedge
> instead of expecting government subsidies? Isn't that why the futures
> markets were created in the first place?
> dconn@xxxxxxxxx
>
>
>
> Dennis Conn wrote:
>
> With the current thread on why farmers continue
> to grow beans instead of corn, two questions come
> to mind:1)if more soybeans are grown year after
> year only to be put into storage, how will farmers
> hope to break even (the price of beans can only go
> down, unless someone comes up with another use for
> them)?2) whatever happened to the concept of crop
> rotation? Dennis C.
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