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#292 | Phil Luce; Commodities, Basis Trading, Grain Elevators

The Vance Crowe Podcast

00:00

What's the Long Term Effect of High Prices?

High prices are generally good for farmers. They're pretty good for the rest of the industry but they're very stressful for everyone. In 2008 we had a huge market run up normally a market run up happens because we have a short crop or the fear of a short crop. So that kind of thing creates a lot of man it didn't even really dawn on me when I looked at the Ukraine situation for example in prices going up you think like ah everybody's making bank here in the US but no there are people that are getting really stretched out.

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