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Re: Brazil 2021.8
It is a fact that ICE warehouse stocks are rising. GCA stocks rose in last report but they have mostly been down. The market is rising because specs are buying as a result of shortages being advertised by major news networks. However there are presently no shortages but we may see them in the near future, or not. We will have to see. For now, commercials are selling to specs. There is also evidence, imo, of origin selling far forward. Buying dips is probably still a good strategy. But some dips have been 10c as we have seen.
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