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Re: Bloomberg: Production Estimate From a Group of Sources
Why over? If crop was 65 or 67 or 70, together with nice prices the flow would be exactly the same. Because of that you review the crop higher? Like I said, Ecom nor USDA didn't because the right thing is to wait. I personally think crop is 70 mio. 73 mio bags is at least biased coming from someone that prays for market to go lower. Do not forget we hasvet in 3 months and sell in 12. Therefore strange would it be if warehouses were empty or Brasil would be exporting 3 mio per month. Fact we are shipping record volumes and stocks are not climbing. GT.
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