When Can We Start Breaking Things?

[gaelic cowboy]

Hold up... I am not a millionaire or anything but I bought cereal and rice futures a couple of years ago. Why? Because it encourages more people to make more food and as the population is rising food is bound to get more expensive. I didn't know there was going to be bad Russian and American harvests and sure I am now looking at a handy profit thanks. Have I done wrong? Is it wrong to make a profit?

Eh agri futures are not about encouraging the growth of food in the slightest if they did so then they would rapidly become worthless.

All resource futures be they mineral, agricultural or financial are about protection from any massive price swings or reductions in there availability.



Do you remember that big to do a few years ago on how bio-diesel was supposedly stealing food from peoples mouths, well that was a load of cobblers there was plenty food the problem was the price of it.

A large proportion of that food price inflation was driven by huge speculation in all sorts of resources as to it's future price. (it was felt it would be more tomorrow naturally)