Political Quotes

Carl Levin: “So that there is a direct link between the futures contract price going up and the commodity price going up because…”

On the recordNovember 2, 2011
So that there is a direct link between the futures contract price going up and the commodity price going up because people buying and selling the actual commodity use that next month's futures price as the basis for their price in the actual commodity purchase and sale.
Said by
Carl Levin
Democratic · Michigan

Editor's note · Context

Levin explains how futures prices influence commodity pricing.

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