We are significantly over supplied, but the committee fails to act. Not surprised.
Shakespeare was right when he said in some play…first let’s kill all the lawyers. Right now we are being lawyered to death with attorneys at the CMC. How does all this get growers to profitability? Yesterday I was in favor of continuing the order…today…not so sure.
It is that time of year…growers and handlers headed to Washington for the winter CMC meeting. While it is usually an exercise in frustration, I am looking for to seeing folks and find out what is going on in the industry.
My first review of the numbers suggest that sales are UP! But the stockpiles of concentrate are still too high.
Don’t expect any earth shattering news, but if there is…I will post it here.