Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
I don't know what is going to happen. I really am flexible and ready to pounce. Challenging everything, including my own positions, has made me a better trader. Would rather make a profit than be opinionated. Almost all other origins have increased production. Is it enough? I have no idea. Nam is another example. Nam's exports are off and prices are weakening. How do you explain that? HRS wheat is a good example re what prices can do during a drought. The drought was real and prices collapsed after an initial surge. No matter what anyone says, the size of the 17-18 crop is still undetermined and the same applies to the 18-19 crop. Good time to be flexible. Enough said. The constant string of weather related postings is, however, nipping at my heels. Same thing happened with HRS. As J. Gaines once said, "Brazilian rains can produce miracles." Coffee has always been a global market in terms of consumption. It is now in the process of becoming a global market in terms of production.