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I didn't believe it until I saw it done.
Same things happens in petroleum.
At 04:34 AM 3/2/99 , you wrote:
>Farmers do use the futures market....to double their exposure to risk.
>Typically, they are long in the field and long on the board of trade. It's
>been like that forever.
>
>Steve Karnish
>CCT
>
>----------
>From: Dennis Conn <dconn@xxxxxxxxx>
>To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
>Subject: Re: beans, etc.
>Date: Monday, March 01, 1999 11:45 AM
>
>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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