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"I don't think anybody who's a major producer of ag commodities can afford to proceed without making use of the futures market. I'm not saying exactly how aggressive or timid they should be, but it's a tool they need to use…
     "It does provide a grower of agriculture products the opportunity for some planned marketing, so they don't have to accept only the price that's offered at the time of – when they have the product availability. So it allows them to lock in a price that they deem profitable into the future. I mean, they may not have the crop yet. So I think astute people take advantage of the futures market and are able to use it to their advantage. But it's not a – It's certainly not a substitute for management and it requires a skill level and knowledge base independent of what it takes to successfully grow the crop."

Alex Martin – The Futures Market

   

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