> So what do you think the true reason is that the market is so backwardated?
It is not.
The only way to support a backwardation claim is to ignore the 24 months of pre-war market behavior. If analysis is limited to the last three calendar weeks, then the local minima might be called a backwardation.
Problem is, there are no geopolitical, market demand, and/or military indicators to support this point in time being an actual backwardation.
It is not.
The only way to support a backwardation claim is to ignore the 24 months of pre-war market behavior. If analysis is limited to the last three calendar weeks, then the local minima might be called a backwardation.
Problem is, there are no geopolitical, market demand, and/or military indicators to support this point in time being an actual backwardation.