A new week and still no news. meanwhile 2 situations are affecting the macro outlook. Grains esp wheat and corn continue to fall in price DESPITE fresh forecasts of severe shortage in rice being made. India in particular will reap a poor rice harvest in October. The other macro is that world stkmkt indicies continue to gain rapidly. One would assume both events will benefit NUF. But as yeloowcake states. doesn't matter what the price of grain is.... without cash/credit a farmer cannot produce. So is delay a good thing? Yes IMO as it indicates Chinese remain interested in making an offer. What the price will be is the key.
NUF Price at posting:
$10.91 Sentiment: Hold Disclosure: Held
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