While I haven’t been able to get to the details of this report, my 1st impressions based upon the trade estimates for both US and World Carryover was not “bullish”….that suggests we be ready to hedge more on Tuesday when I return from my trip. More later, keep checking back.
On another note, the ECB and CCB are WET! And I mean saturated. And there’s more rain expected this week. I am hoping we can see the market rally on this and get sold at higher levels. It will be interesting to see if the weaker crude market impacts the possible enthusiasm (Be ready to lock in fuel this week or next).
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