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Re: Certified ICE Stocks
With all due respect, Iím not sure why you arenít considering the real world situation that over 1 million bags at the exchange are sharply below market values. It seems like a situation where commercial longs would be incentivized to stand for delivery. I would be worried that the Dec/Mar could Easily invert big time all the ingredients are there. I believe the movement of Brazilian beans to the exchange is to try to alleviate just such a possibility. Grading is not that subjective if bags are failing I would be surprised they would receive a pass on a second go. The exchange is very sensitive to maintaining its integrity having been accused of not properly representing market coffee prices.