Glencore owns farms, mines, and production facilities around the world. It also has direct supply relationships to manufacturers, power generators, and food processors. It is not the example you were looking for.
If you want an example of someone who has "little to no interest in [accepting] delivery of said commodities", pick me. I'm a trader. What I do is analogous to the person at the Department of Agriculture who decides how much supply at a given price should be produced. Central planning has an aesthetic appeal, but especially when it comes to consumer discretionary products like raisins, it is a messy way of shifting the burden of forecasting from those unable (the farmers) to those with little incentive to get it right and an even lower chance of being displaced.
> Glencore owns farms, mines, and production facilities around the world
How is this evidence against my point? De Beers does the same with diamonds. Looks like they can manipulate prices easily enough.
My argument against yours cannot be taken as me stating that central planning is good - but merely that derivative markets can become bad. Just because I hold a critical a position on a thing, it does not necessarily mean that I'm advocating for the use of an opposing thing. If I criticise capitalism for doing such and such - it does not follow that I advocate replacing capitalism with communism/socialism to fix such and such.
I like derivatives and financial markets just as much as the next guy - but only when they are used properly - to reduce, and not to increase risk.
If you want an example of someone who has "little to no interest in [accepting] delivery of said commodities", pick me. I'm a trader. What I do is analogous to the person at the Department of Agriculture who decides how much supply at a given price should be produced. Central planning has an aesthetic appeal, but especially when it comes to consumer discretionary products like raisins, it is a messy way of shifting the burden of forecasting from those unable (the farmers) to those with little incentive to get it right and an even lower chance of being displaced.