Speculators spoiled sweet life

Finansy18-11-2010 speculators spoiled sweet life on the commodity markets continue to collapse in asset prices. After a sharp increase in warranty contracts for silver, the largest trading floor of the precious metal, similar steps were followed in a number of exchanges of agricultural products. As a result, decreased quotations of cotton and sugar. The latter fell in two trading sessions to 20%. And again, this time the collapse was not without interference trade organizers. The main reason for the mass closure of long positions on sugar, on Thursday was the decision of the Exchange ICE Futures US increase the warranty claim for "diabetes" contractual right to 65%, the analyst said, "Kalita-Finance Alexei Viazovsky. In particular, for the speculators, this means that now to save the open position of a single contract, the amount of deposit must be at least $ 4970, whereas previously it was enough to have $ 3,010 (for hedgers GO have increased from $ 2,150 to $ 3,550). Of course, that some participants were unable to provide the increased demands the exchange, which eventually forced many to close the position. Daytime drop in sugar prices on November 12 was the largest one in the last 22 years.