There are no fundamental reasons to be bullish, not one. 2600 floor attempt has failed as expected - publicly everyone loves and cares about poor farmers but privately everyone is doing own business. Now they came with even murkier idea of 400 differential. And it won't work either. In the end of the day the fact that they are selling 2020/21 crop not 2019/20 one tells you who needs money more - Mars and Nestle or local governments. It also tells you who has bargaining power for real.
Message Thread | This response ↓
« Back to index