Online commodity trading and futures trading are by-words today. But this was not the scene always. The original marketers belonged to the 1800s. They were just farmers who wanted to sell what they had grown on their agricultural lands. Crops would be harvested, and produce brought to the market for sale.Not having the educational services available in modern times, they were not able to judge whether the goods that they had brought were sufficient or less in quantity. If the quantity was not sufficient for the buyers, the farmers lost an opportunity to make more money. If there was excess quantity, produce like crop products, meats and dairy products would have to be carted back home. In time, they would rot and spoil. Either way, whether there was a surplus or a deficiency, the farmer suffered losses.Sometimes, a certain produce would be available off season, but not in as large a quantity as it would be if available during the regular season. Naturally, the products made from this were sold at high prices.Ultimately, many heads got together to come up with the idea of a common or central marketplace. Farmers would bring their harvests here on certain days and sell… Read full this story
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