date:Jul 03, 2015
now fallen for eight sessions in a row.
Sentiment hasnt changed
Jon Spainhour, of Chicago-based commodities broker Rice Dairies, saw the weakening prices were the result of continual oversupply, encouraged by soft demand from key importer China.
Our global supply has not really adjusted, following the drying up of Chinese demand, he said.
Weve got to see a recalibration of supply or a return of Chinese demand.
At INTL FCStone, Dave Kurzawski said that sentiment hasnt changed, calling the au