Chances of financial recovery: zero

Its autumn in south america, did a big delivery come in?

Someone dumped their stockpile.

Its balance month futures not even front month. Unless insider news came in that theres a extremely good harvest no downstream producer will dump their position like that.

@IAMAL_PHARIUS@poa.st @MetastasizedHeroicism@poa.st >muh three dollars jew confirmed

10 cents per pound =1.5K per lot

it's weird that the price at costco would drop that rapidly, I would expect price at a consumer facing seller to lag a little

@sickburnbro@poa.st @IAMAL_PHARIUS@poa.st @wishgranter14@poa.st @MetastasizedHeroicism@poa.st perhaps they were using it as a loss leader

yeah, certainly possible, but that's a huge amount to drop for being a loss leader, traditionally they would make the milk cheaper by a few percent, to pull in the cost conscious shoppers

this is the orange juice they are talking about in those contracts its frozen in a 220L barrel for transport. they then mix with water at end point. costco sure as fuck is making money.

@sickburnbro@poa.st @deprecated_ii@poa.st @MetastasizedHeroicism@poa.st @wishgranter14@poa.st Uma delicia

there are different grades. the "fresh never frozen" is almost always more expensive, because they separate the components for storage

"Fresh" :tm: