I agree Charlie. Futures delivery is not going to happen in July IMHO. Strong basis/cash markets will prevent it from happening. July shorts will have to ease themselves out of their positions, or the fireworks Errol mentions will occur.
Unless of course I'm wrong, and basis collapses. Could we see a reverse crush? Stranger things have happened.
Unless of course I'm wrong, and basis collapses. Could we see a reverse crush? Stranger things have happened.
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