Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
Hi JK, absolutely right. To tell you the truth the anticipated shortage I think is an uncertainty even among the most knowledgeable and savvy. The currect excess inventory being worked off right now is a byproduct of overcoverage for the anticipated tightness because of the drought last year, which never materialized. We here at CTF have been talking tightness for how many years now ? Three ? Is there or has there been any ? I can assure you not. I have been through tightness before and no we have not seen any. Will there be one ? Still difficult to say. Consumer stocks are plentiful they are prepared to fare through tightness like never before, if they have been truthful reporting their stocks. Colombia, Honduras, and Peru can supply a deficit too.
This is all too uncertain for everybody right now and I dont feel the rush yet.