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Buxton ND | 1891 yes I still have those numbers saved. It was 12.73 average as of 9-1 using a 30 day SMA off ZSX. Most of those beans I would think have been shipped by now. For sales since that time just using a 100 day it would be roughly 12.95 give or take. The 100 day takes us back to 8-29 so should be ball parkish with that 12.95
So we're trading 12.80 now,from here on out or a lower market is where we "should/could" see cancellations, But the trouble is once the trucks start rolling to the SA ports they'll pretty much drop the price to what ever it take to get the ships. AM export sales will be VERY INTERESTING.
Another thing I find interesting compared beans to 2012 to today,is TODAY everyone and their Uncle seem to be talking about cancellations from China. I picked up NO talk of this in 2012 til 3-4 day AFTER THE FACT. | |
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3 more cargos of beans switched to Brazil?
