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mcsharkey

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mcsharkey

Re: houtheman post# 40959

Tuesday, 08/09/2016 2:29:41 PM

Tuesday, August 09, 2016 2:29:41 PM

Post# of 58984
Dunno Houtheman, couple of possibilities here for the fiscal year with marked and baled cotton finally moving out of storage. Louis Dreyfus price model describes fees applied at each stage from harvest through final fabric manufacturing. Now we have retail thrown in with Acala cotton lines.
We've known about the glut for a while.
As far as the 2016 harvest, I agree with you. We're going to make what we mark and harvests are supposed to be bountiful.
We'll see.
Respectfully,
Mike Sharkey
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