Over The Counter (OTC) desks
These mythical places with access to any amount of corn you seek to buy .. well where did they source from? Well, that would be the Bazza's pack of degenerates over at Genesis Trading who are now spending every waking hour with their bankruptcy lawyers #rekt
The bull run will start as OTC desks start to feel the supply pinch; OTC desks are the equivalent of Wall St's "Dark Pools" where significant trade volumes are executed behind closed doors unencumbered by visibility or transparency
Reducing OTC liquidity is not priced in
As ever .. Not your keys, not your corn
No exceptions, especially not for ETFs