Hi Orwell.
Seems to be that the market is expecting a big rebound in the Californian crops this year. There is potential for a turnaround if this poster's thesis plays out. Seems fairly knowledgable so could be something in it. http://hotcopper.com.au/threads/broker-upgrade.2650335/page-36?post_id=16687151#.VqMnD-w8anM
The Big Boys, page-458
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