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Dalmark gone?
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<blockquote data-quote="Condi" data-source="post: 4787942" data-attributes="member: 13446"><p>Yup, so easy, you buy it, sell it, make your margin.</p><p></p><p>Oh wait, the farmer wants to sell today because the price is high, but the miller doesnt want to buy. sh!t. And then someone else is bidding £2/t more on farm, and so you try and match it because otherwise the farmer wont sell to you and will sell to your competitor. sh!t. So you buy it but now the price has gone down, the miller wants to buy and the farmer wont sell. sh!t. Then you go out on farm with a min £20 G1 contract, but come harvest and beyond, the premium is only £9 and because you've taken the risk, you're left with the bill or trying to trade round it. sh!t. When the market wont give you an upfront margin, you need to take a risk and run a position, but then currency turns round and the market moves away from you. sh!t.</p><p></p><p></p><p>Cargill, ADM, etc have all lost money over the last few years and have rushed to diversity into higher margin business to generate profit. Bunge, one of the big 4 international traders, is up for sale. Wellgrain went bust, Dalmark have pulled out. Invivo sacked 20 of their traders 18 months ago. Glencore UK have made 2 of theirs redundant recently.</p><p></p><p>Yup, oh so easy to make money.... bit like farming, it grows out the f**king ground.....</p></blockquote><p></p>
[QUOTE="Condi, post: 4787942, member: 13446"] Yup, so easy, you buy it, sell it, make your margin. Oh wait, the farmer wants to sell today because the price is high, but the miller doesnt want to buy. sh!t. And then someone else is bidding £2/t more on farm, and so you try and match it because otherwise the farmer wont sell to you and will sell to your competitor. sh!t. So you buy it but now the price has gone down, the miller wants to buy and the farmer wont sell. sh!t. Then you go out on farm with a min £20 G1 contract, but come harvest and beyond, the premium is only £9 and because you've taken the risk, you're left with the bill or trying to trade round it. sh!t. When the market wont give you an upfront margin, you need to take a risk and run a position, but then currency turns round and the market moves away from you. sh!t. Cargill, ADM, etc have all lost money over the last few years and have rushed to diversity into higher margin business to generate profit. Bunge, one of the big 4 international traders, is up for sale. Wellgrain went bust, Dalmark have pulled out. Invivo sacked 20 of their traders 18 months ago. Glencore UK have made 2 of theirs redundant recently. Yup, oh so easy to make money.... bit like farming, it grows out the f**king ground..... [/QUOTE]
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