>Speculation on futures seems dumb if you have no intention of taking delivery What? How is it any more dumb than speculating and buying a stock hoping it will

>Speculation on futures seems dumb if you have no intention of taking delivery What? How is it any more dumb than speculating and buying a stock hoping it will go up? Speculation in futures is what gives those farmers liquidity in the markets. Futures is a zero-sum game.. so in my world futures make way more sense to trade than everything throwing money into stocks to magically make money out of thin air until they don't.