New crop?
Joe R
Posted 2/23/2021 09:27 (#8852771 - in reply to #8852739)
Subject: RE: New crop?

Very true and agree. But if a few certain events were to play out (some of them already have)....the front month new crops will be premium to the defferds. End users will want physical and the incentive to carry will not be there. A forecasted 1.5bbu ending stocks of 20/21 will keep a lid on the old crop prices. That is ample supply to get to Sep 1. Its from there on that could get dicey.
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