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Re: NY KC Dynamics
Posted by Q
on January 13, 2021, 8:31 am, in reply to "NY KC Dynamics
Thanks MexicoJack but worth noting that USDA's surplus is 6-7 mm bags. Their global demand numbers does not include a trade residual that accounts for additional disappearance. Thats why their stock change doesn't match production minus consumption. As such id day their global balance sheet is right on mlwhat the market is trading not bearish other than the already known fact that were in a relatively heavy surplus.