date:Jan 05, 2016
e are likely to curtail the extent of this increase.
The biggest upward price risk is a strong El Nio, which could adversely affect production and cause further shortages.
Commerzbank
The prospect of deficits was probably a major contributor to the surge in prices this autumn.
Market players taking a short-term view have certainly been unsettled. They have shifted their net short positions prevailing for over a year to net long, and in recent weeks have been holding the largest net long posi