Post of the week: 'hedger or speculator?'
"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."
See the complete discussion (click here).