Wow! NOTHING to do with it? Tariffs round one , a quick $1.50 drop and demand never came back to pre tariffs and pretty much made SA their “ reliable” supplier. Tariffs round two…nail in coffin until production problems in SA. Why the big jump in price end of October by just TALK of trade deal/ tariff easing if it  had NOTHING to do with tariffs? Why has it dropped over $1.20 in just a month now…… maybe because there was no deal SIGNED yet just anAGREEMENT? Or in this agreement it was SAID that China will purchase 12mmt by the end of the year and they are at only maybe 25% of commitments? Absolutely NOTHING to do with tariffs though right?
Maybe someone should lay off the Templeton Rye a little? LOL