Posted 6/12/2025 13:00 (#11259040 - in reply to #11259007) Subject: RE: Old crop keeps getting tighter
NeMO
Usda has shrunk the c/o almost every report since January So why was it inverted a few months ago when there was the expectation of a larger supply? Is it solely based on the large new crop? Or SA crop becoming available? We've cut the carryout in a third from what it was. Isn't that a textbook signal for nearby to bid up against future months? Obviously the market is saying no.
Old crop keeps getting tighter
