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joncoopertoday at 12:16 AM1 replyview on HN

An agricultural company hedging the price of soybeans is precisely hedging, not speculation. The insider information they have is their supply/demand/pricing picture. That's different than the colloquial definition of insider information which I've always taken to tie to event occurrence (or not).


Replies

hansvmtoday at 2:31 AM

Why not both? They also have insider information and aren't required to limit their trades to those which would hedge the crops.