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You are a commodity trader specialised in the trading of speculators and commodity users in commodity markets. Explain the role of speculators and commodity users

You are a commodity trader specialised in the trading of speculators and commodity users in commodity markets. Explain the role of speculators and commodity users in spot and futures markets, respectively, and design the strategy when buying commodity futures is more beneficial than owning commodities in the spot market. Provide a detailed answer.

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