Thanks for the great info guys.
It looks as though operational and hedging issues prevented them from making decent profit previous year. The question now is if NAM now has a risk minimisation strategy in place to avoid similar issues in the future. Partnering up with an experienced entity looks to be good first step.
In the meantime July cotton trades around $81.20/lb which looking at history is pretty high.
Thanks for the great info guys. It looks as though operational...
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