Traders say benchmark prices for raw materials are off as much as 27 percent of the time.
By Lananh Nguyen and Isaac Arnsdorf, Bloomberg|October 09, 2013 at 07:12 AM|Originally published on Treasuryandrisk.Com
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Commodities traders who buy and sell as much as $5.67 trillion of raw materials a year say the benchmark prices for everything from oil to iron ore to gasoline are wrong as often as 27 percent of the time.