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"This is something that cannot be replicated electronically," said Jacob J. Morowitz, a longtime soybean trader.
And his father, Earle III, was a soybean trader for 35 years.
Jacob J. Morowitz, a soybean trader who has been a member of the exchange for about 30 years, said that he was concerned about the relationship between the two companies, who will run them and whether the electronic unit should compete directly with the floor traders.
Bunge is the largest soybean trader operating in Brazil.
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Anixter pleaded guilty to four lesser misdemeanor charges in exchange for his testimony against the nine other soybean traders.
Brazil's decade-old "soy moratorium" was the first voluntary zero-deforestation agreement under which soybean traders agreed not to buy produce grown on illegally deforested Amazon land.
Fund money is flying into soybeans as traders hope to bag bushels of the bean and watch their portfolios grow.
As soon as I revealed my discovery of the meaning of the Coke bottle to the other traders, all attention was immediately focused on the Coke bottle trader and the soybean market.
A retired commodities trader who had made millions in soybean futures, Mr. Fossett was an explorer out of the great Victorian tradition, though with far better equipment.
Sell 200 at a half!" he shouted into a crowd of burly traders, as he tried to sell 200 soybean meal contracts at $156.50.
Commodities like cotton, soybeans and copper are running because of a combination of trader enthusiasm and emerging market demand.
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