OTCQX:AGXXF - Post by User
Comment by
Matlockon Jun 01, 2015 10:15am
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Post# 23784102
RE:RE:Up 7.01% today - quite the bump!
RE:RE:Up 7.01% today - quite the bump!Not quite.... the high prices aren't demand driven, they're due to a shortage of pulse crops due to poor growing conditions in 2014.
Lucentio may/may not be on to it.... if AGT already has already locked in contracts with their growers at lower prices, then there's profit to be had. Although if the 2015 harvest ends up being poor also, this will eventually catch up with them.
Although note, this would be forward contracting with individual growers, To my knowledge, there are no publicly traded futures markets for pulse crops.