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Re: Current weather uncertainty is enough to drive the market higher than 120
Domestic prices are higher I agree. They are only producers, exporters and importers. Reflect supply and demand, which is tight in Origins.There are no FUNDS. Funds are selling the market through sophisticated automatized selling programs now.
They can sell irrationaly, no problem, but sooner o later the market has to reflect which is right. Current NY exchange prices are extremely low and US certificates extremely cheap, that's why ICE stocks are depleted.
Funds short will be caught short.!! You will see.