[lbo-talk] Food Prices Again

[Jordan Hayes]

> And then another farmer gets a margin call.

You don't get a margin call if you're going to deliver.  Delivery of the 
wheat is the enitre contract value; there's no margin.  My example had 
all the participants: 100 speculators, two hedgers, one contract of 
wheat.  There's no one else to account for.

/jordan