Sunday, February 10, 2008
The Brokers Grain Pain
With Hard Red Spring Wheat limit up thirteen of the past sixteen days and Chicago and KC wheat limit up everyday last week, how are the brokers making anything from commissions? Answer is they're NOT. So here's the fix for that problem. PRICE LIMITS will be raised from 30 cents/bushel to 60 cents/bushel. That's an increase from $1500 per contract to $3000. I'm sure if this doesn't work the flood gate is now open and they'll just keep raising the limit moves until some actual trades can take place.
Labels: commodities
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