The problem with the El ninotalk
is that it is plenty early, even for southern hemisphere crops.
We may have a weather event that provides selling opportunities.
We also may see handles of 2/3/7, C/W/S before we do.
I said "may", but seriously.
Re: The problem with the El ninotalk
what realy makes 7 possible is the margin between enough that the trade thinks is comfortable,and what starts to be a tite sitsuation. It dosen't take to much calamity world wide to make mill quality shrink to very tite levels!