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Grading Summary Analysis and Comment
Posted by Tango
on December 1, 2018, 9:09 pm
As we see in these monthly reports issued by ICE and as we also see in the daily ICE stocks report, there are diligent and rigid inspections implemented. The situation with RC has to do with warehouses owned by Dreyfus. Frankly, I donít know what the rules and standards associated with warehouses in either Arabica or Robusta are but there is something very peculiar going on. The fact that spreads collapsed in RC and are weak in KC, that certified stocks in Arabica have stopped rising and suddenly reversed, that the market dropped sharply on Friday may all be coincidences and may have nothing to do with the Dreyfus warehouse situation. So I think itís important to continue trying to discover what exactly has occurred. If anyone knows anything please share if you can.