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Non-Tech : Farming -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (604)3/17/2008 4:24:16 PM
From: Cogito Ergo Sum  Respond to of 4451
 
DBA buyers here siliconinvestor.com



To: Tommaso who wrote (604)3/17/2008 6:11:31 PM
From: Ish  Respond to of 4451
 
<<No, I meant to ask if anyone knew by how much the theoretical value of outstanding futures contracts for grains exceeded the actual value of the crop being traded. I can't seem to Google this up.>>

That value is wild. I have known farmers to get rich or broke using the futures.



To: Tommaso who wrote (604)3/17/2008 7:55:38 PM
From: bart13  Respond to of 4451
 
As one example, the USDA's estimate of world wheat production for 2008 is about 13 billion bushels. Today's CBOT exchange open interest on wheat is about 412k contracts, each contract representing 5k bushels, for a total of about 2 billion bushels. CBOT has, as a best guess, at least 70% of the wheat futures market.



To: Tommaso who wrote (604)3/17/2008 10:12:53 PM
From: CapitalistHogg™  Respond to of 4451
 
USDA Production, Supply and Distribution Online

fas.usda.gov


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