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by wpietri
2446 days ago
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What newnewpdro describes is definitely not a commoditized product. Real commodities have exacting standards. E.g., US grain standards: https://www.gipsa.usda.gov/fgis/usstandards.aspx Or the standards on commodity exchanges, like Kansas City Hard Red Winter Wheat Futures, which come in 5,000 bushel lots and require a deliverable grade of "No. 2 at contract price with a maximum of 10 IDK per 100 grams; No. 1 at a 1 1/2-cent premium. Deliverable grades of HRW shall contain a minimum 11% protein level. However, protein levels of less than 11%, but equal to or greater than 10.5% are deliverable at a ten cent (10ยข) discount to contract price. Protein levels of less than 10.5% are not deliverable." -- from https://www.cmegroup.com/trading/agricultural/files/fact-car... Real-world commodities have exacting standards precisely to prevent this kind of nonsense. |
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