April 2013
Beginner
561 pages
16h 43m
English
Content preview from Learn How to Trade Commodities (Collection)Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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Chapter 1. A Crash Course in Commodities
How It All Began
Given the urban nature of the city of Chicago, we often forget that it is located in the agricultural heart of the Midwest. In the mid-1840s, the Windy City emerged as the agricultural market center for neighboring states. Chicago was the meeting place for farmers looking for buyers of their crops and grain mills looking to purchase product for their operations. However, despite the central location, timing and logistic issues created inefficient means of conducting business and thus inflated commodity prices.
At the time, grain elevators were sparse, so lack of storage made it critical that a farmer sell his crop upon harvest at the annual meeting in Chicago. Even those who did have a ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.