There is an amusing thread on Reddit where people discuss what they would do with an unlimited supply of potatoes: http://www.reddit.com/r/AskReddit/comments/37yawp/you_have_an_almost_infinite_supply_of_potatoes/
Some of the comments discuss investing in potato futures. This is something I don't understand.
Potatoes aren't oil or steel, there are many different breeds, strains and types - things like soil condition and the type of fertiliser all play a part in the actual value of the finished potato product. Tack on to that the costs of transporting potatoes to their destinations.
So what is it to invest in potatoes? How can all potatoes have the same price per ton? If I tell my stockbroker "take this $100 and invest it in potatoes" where does that money go, exactly? This isn't like investing in stock where I get a piece of paper saying I own a share of a company, where are the potatoes I bought? How can I eat those potatoes?