The weather forecasts for the next 10 days keep on pushing the positive expectations for the new crop. Some refreshing rains are expected for the weekend, followed by sunny days to boost the development and drying of the kernels at this stage. The crop estimate from the Turkish Government hasn’t been published yet, in the meantime rumors of a higher than expected figure are spreading through the market. Without a clear buying strategy of the TMO, it remains to be seen at which levels the market for new crop will open. At this stage it is not advised to take forward action already, following the market closely is seen as the ‘most decent’ approach.
