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This is not really for the individual investor. It is designed more as a way for large commodity producers like miners and farmers as well as large commodity consumers like food manufacturers to manage the price volatility associated with production. Yes, you can speculate in this area but it is most definately not recommended. If you want to learn more most books on financial derivatives have large sections on forwards and futures. How they work. How they are quoted. How they are priced. Etc. Read one of those and it will cure you of all your futures curiosity.
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