Yes not doubting the export numbers.
they are flying out the door.
it's the margin I am referring to. margins started coming out of exports in late april and would be near zero for a sale put on today (even out of sa and wa)
some exporters will continue to export with margins at 0 or negative margin, particularly if they are the asset owner.
it's a good discussion, I have enjoyed scrolling through the gnc threads on here. my point is that gnc have had it as good as it might ever get, they have definitely made hay, but the environment is now vastly different.
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