Critics of the boom in commodities trading – the sort who allege manipulation, but only when prices are rising – sometimes forget that every futures contract is rooted in a physical delivery (even if it is actually settled for cash). Some “legitimate” hedgers, particularly in the US, are being reminded of this the hard way.
那些批評大宗商品交易過於繁榮的人——就是那些斷言交易中存在操縱，但又總是隻在大宗商品價格上漲時才這麼說的人——有時會忘記，每份期貨合約都植根於一次實物交割（即使最後的結算實際上是爲了賺取現金）。一些「合法（指並非操縱）」的對沖者，尤其是在美國的這類對沖者，正在痛苦地意識到這一點。
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