05/11/2004
https://transcripts.cnn.com...
"I am not sure I understand your explanation as to why you disagree that the storage cost shift cannot explain this increase in the gap between futures and cash prices."
"The problem is that there is an embedded option inside of the futures contract for below-market cost of storage."
"It is a predominant factor, yes."
"Should you decide to impose the standard position limits, what is your response to that argument?"