Kub's Den

Commodity Markets: Thankful or Wishful?

Elaine Kub
By  Elaine Kub , Contributing Analyst
Among the many blessings we count at this time of year, include in that list all the resources we have to track and manage grain market risk. (Photo by Ron Cogswell; CC BY 2.0)
A behavioral economics study showed that even when subjects are just pretending to be farmers, they are irrationally biased toward predicting higher grain prices. For real farmers, it's a challenge not to let wishful thinking influence risk management strategies.

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Elaine Kub