"Sold contracts for [[whatever]] it didn't have" describes the entirety of the normal function of the commodities futures market. It's right there in the name,

"Sold contracts for [[whatever]] it didn't have" describes the entirety of the normal function of the commodities futures market. It's right there in the name, in fact. The whole article reeks of "Dad has been spending too much time on Facebook again" which is sad because this reporter was a legitimate journalist, half a century back.