Well, but they do sell. They just roll.

What are the potential unintended consequences if you were to do that? Have you thought through that?

One of the reasons people were investing there is fear of not getting a return in other investment vehicles.

It is not really good for your business in the long term, is it?

So delivery does have a lot to do with some of this lack of convergence?

Do you think the double-down and double-up index funds that are double-hedged have any extra contribution to some of the phenomenon we have seen?

I am not sure many people recognize that as a legitimate economic policy.

Our report, which was issued by myself and Senator Coburn last month, concludes that the huge number of wheat futures contracts being purchased by derivative dealers selling commodity index instruments have, in the aggregate, constituted…

I want to thank you for calling this important hearing.

Senator Coburn talked about West Texas intermediate. That contract has converged, and it has a different contract design than this contract.

Isn't the real reason that there is no problem with price convergence in Cushing, Oklahoma, is because if you have your name on that barrel of oil, you better be there in Cushing because delivery is going to happen?