Mon
Dec 3 2012
12:29 pm

Barclay's is the latest bank to say they may get out of the agricultural commodity trading business to limit "reputational risk."

U.S. banks, of course, have no such compunctions. They actively oppose limits on commodity trading.

The UN conference on trade and development blames high food prices on commodities trading. They say futures are traded on commodities that don't exist, up to 20 to 30 times the amount of physical production.

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EricLykins's picture

Reputational risk

Rüschlikon, Switzerland: "I can't ignore who is actually paying the price for this."

Local Citizen's picture

Prices

In the short term, prices on commodity futures are like stock prices. They have no relationship to reality or current value. Just pure speculation by the insiders for short term profits.

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