[Mbeck]

What do you think?

http://www.fsa.usda.gov/Internet/FSA_File/sugar_award_ffp_inv3.pdf


Mann Lake purchased some in a different offering but I don't think it can be resold unless it is used as an ingredient.

There is more information in this link.

http://www.fsa.usda.gov/FSA/webapp?area=home&subject=coop&topic=pas-sa

 

[Rader Sidetrack]

Note that sugar purchase was in 2013. Here is a thread discussing it:
http://www.beesource.com/forums/sho...purchased-35-000-tons-of-sugar-(USDA-auction)

 

[Honey-4-All]

As Radar says this was hashed out at length earlier. In defense of ML. If you or I were willing to put 7 million of our capital on the line betting we could make a buck on this deal I guess that we should have bid.

 

[Mbeck]

I missed that thread.
I did read an article predicting that defaulting was unlikely this year.

I'm fond of Cordovan stock and looking at the upcoming Florida summer dearth so sugar prices are on my mind.