Howard Veit
2008-04-26 13:50:33
Long time commodity trader: an imbalance of 1% is huge in commodities where prices are based on carryover as well as current yields. In other words an imbalance of 1% on 600 million tons (world rice yields)is more rice than any human being has ever seen: six million tons. So when six million tons vanishes the markets are affected.
