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Rob SC NE
Contributor

Who are the 'experts'?

Roy Smith's analysis of the recent J.P. Morgan Chase fiasco, and how it affected soybean farmers is worth reading. Makes you wonder once again about the soundness of the financial world.  Roy's pretty hard on these so-called experts.

 

He also has some good reminders for those of us in the trenches:

 

"Evaluating your grain buyer’s financial position is a good idea if the statements are available. The old strategy of selling in increments and settling for each increment as it is delivered is always a good idea. Forward pricing some with cash forward contracts, storing some at home and using the futures for some spreads the risk of losing it all on one bad deal."

 

Thanks for another good column, Roy.

 

-Rob

 

p.s.-- Here's link to the article: Click here

4 Replies
Mizzou_Tiger
Senior Advisor

you mean the experts that........

that think 1B bushel of corn will come out of IL in July because of all that 90 day corn............

 

or the experts that chase ambulances............

 

or the experts like SS, who has not posted much since the JPMC deal and when he did, totally ignored it..............

 

or the experts like MFG..............................

 

or the experts like Lehman, BS and AIG.........

 

its a shame this country doesnt value its cheap and safe food supply more than it does...........

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sw363535
Honored Advisor

Re: you mean the experts that........

yesssssss,

 

I really tire of those with big positions or big bucks------like fund managers ----in expert status.  We assuming they "know something" when all they represent is volume.

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giolucas
Veteran Advisor

Re: Who are the 'experts'?

Volume moves the market.
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sw363535
Honored Advisor

Re: Who are the 'experts'?

yes I know.....think they may end up in the same JP morgan or global positions.     Man that is going to hurt a lot of retirement folks when it happens.

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