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

The Vance Crowe Podcast

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Wheat Futures Price Goes Up Four Dollars

People had wheat hedged and all of a sudden we goes up four dollars. The challenge for the person that sold the futures is you've got to pony up every day for what you would have lost if you sold futures. It's segregated funds still in my name but I have to show that I can do it. And so that created a lot of stress because this is a credit line issue.

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