How many farmers do you imagine are in this thread?
And consumers neither lock in margins nor run a business because consumers buy at retail…
Ok charitably, maybe you use “consumer” in a special sense of businesses that consume raw materials such as owners of onion ring factories. In those cases, future prices (as opposed futures prices) are typically negotiated directly into contracts with producers of those commodities…and how many of those are in this thread?
In the vast majority of cases, futures are traded speculatively and physical delivery of goods and chattles is an extreme exception.
And consumers neither lock in margins nor run a business because consumers buy at retail…
Ok charitably, maybe you use “consumer” in a special sense of businesses that consume raw materials such as owners of onion ring factories. In those cases, future prices (as opposed futures prices) are typically negotiated directly into contracts with producers of those commodities…and how many of those are in this thread?
In the vast majority of cases, futures are traded speculatively and physical delivery of goods and chattles is an extreme exception.