Commodity markets have hit multiple year highs yet again this week. The same situation occurs in our markets. Old crop supplies are very tight and at current levels there is, as yet no sign of demand rationing. In term of risk management, current prices are a “no brainer” and represent “no regret moves”. However, as this inflationary environment is possibly not yet over, in ODA we will consider walking rather than running into these supportive prices...
This news is reserved for subscribers.
Want to read more?
Sign up for full access to all news and stay up to date on the grain market.