LOL yellowcake, don't just post a copy of the Economist - go and study economics.
Economics 101 says you are wrong - your concept of open slather means the poor ol commodity producers (you) end up with the worst deal possible.
And the middle men (Conagra / Cargill and your other hard done by commodity trader pin ups) get to take the profits.
And, of course, there is no benchmark left to prove what could have been.
Cargill etal didn't campaign to end the single desk so hard because they were worried about the poor farmers getting done over I can assure you....
There is something very off about a farmer (such as yourself) taking such joy at the destruction of an institution that you know was such a powerful marketer overseas on behalf of most Australian farmers (other than yourself presumeably...)
It should never have been privatised though. Free enterprise gone wrong. Maybe now that nationalising banks is back on the mainstream agenda worldwide though.....
LOL!
AWB Price at posting:
$1.35 Sentiment: Sell Disclosure: Not Held
