Market Announcements, page-42

Thanks that's exactly what I was wondering (and hoping for). Even if every purchase today was a short cover, which isn't likely, there are huge amounts to cover still.

I think the news here is regarding surety around future sales. They've booked the next two years harvests plus established new relationships. IMO this was a key risk that was weighing on the price. If they can't sell the product it isn't worth much. That is potentially the catalyst that caused the possible short squeeze. Next few weeks will be very interesting. We would have some extremely brave shorters on our hands to see this back at 1.20! This could mark the start of the next phase of SP growth that could see us run well past the high of two years ago