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Red River Valley | ILLRick most in the trade think Glencore was the big commerical that had over sold alot of the Russia wheat and about two days before the "embargo" was announced Glencore had come out and stated that a embargo would be the appropriate thing to do when they said it the Russian goverment came out and denied it would slap on an embargo. A couple of day's later after top peeps from glencore had taken a visit to the "Black Sea region" to check on crops things seemed to change within the kremlin. Now Glencore is going to use force majore and cancel contracts. hence the In there hip pocket phrase. | |
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Heard a funny bit today from advisor
