Recent Posts by Phil Luce

When Being Right is the Wrong Focus

Volatility has a lot of side effects on the mentality of a basis trader. Maybe the most dangerous is an aversion to being wrong – and when price, basis, and spreads change at breakneck speed there ...

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The End of Decision-Making

We (human beings, that is) are strongly motivated by FOMO – Fear of Missing Out. Any decision we make before we are forced into deciding means foregoing additional opportunities, and that doesn’t ...

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2015 Grain Merchandising Outlook

Each Spring, White Commercial's Phil Luce is interviewed by The Grain Journal to discuss his thoughts on the upcoming merchandising season. Below are his thoughts as seen in the most recent Grain ...

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