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In the commodity markets, consumers, producers, and investors will occasionally lose out on positions in the futures and options markets. Very large losses in commodity trading can weaken the trust of brokers, exchanges, regulators, and other social institutions. In this paper, we review 14 large losses in commodity trading, measured in 2021 US dollars. We analyze what occurred and how such events could occur again. Several of the events have common features, which indicates that actors learned little from related events. We conclude by discussing what can be done to prevent such incidents from occurring in the future. |
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