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Re: Bloomberg: Rabobank Projections
Futures discount futures. IMO the fact prices are high now and not following the bearish reports is because supply tightness situation is dominant. There is not relief at sight.Uncertainty could make the things worse as the new variant, a steady inflation expectations and continue with extremely wet weather models for ASIA. For the meantime prices keeping high and backwardation is standing. If nothing of that would be present, prices should been very much lower.