Behind The Markets Podcast: Jared Dillian
Behind the Markets Podcast
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Is the Contango Backwardation to Oil Going Crazy?
I think commodities now do have, they're hedging a different risk. They are hedging more of the inflation risk and jelly commodities have done well this year. Carries also change. The far out oil contracts are in much steeper backwardation today where you're actually getting paid to hedge stuff now. If that changes, I don't know, we'll see how permanent these changes are or however less.
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