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Post of the week: 'hedger or speculator?'

From GoredHusker:


"I remember a few years back when guys were pretty green in the gills for selling five dollar corn when it was approaching eight bucks.  By harvest, they were all smiles again.  I also remember guys being hedged at five dollars who pulled those hedges at seven dollars and then sold sub-three dollar cash corn.  What someone has to ask themselves in these markets is whether they're a hedger or a speculator."


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