The premise of the article, at least at the start, that CBOT contracts are not useful to Kraft because Vomitoxin limits are too high is misleading. The author a

The premise of the article, at least at the start, that CBOT contracts are not useful to Kraft because Vomitoxin limits are too high is misleading. The author appears to be ignorant of this fact, but as a farmer I can assure him, and everyone else, that the vast majority of Wheat delivered is far below the Vomi limits attached to contracts in general, and that also does not mean that those contracts are not useful for hedging and/or accepting delivery of wheat with low tolerance of vomi. The guy doesn't even bother to find out what a basis is.. at least it is good to know he's not a regular on the commodities beat.