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Re: Flowerings Expected
In Response To: Re: Flowerings Expected ()

Alf, I guess nobody can tell that.

my lesson learned: market price reacts only to a visible massive weather-related problem or a clear supply disruption.
Neither of that scenario happened yet.
The speculative question is whether we are on a path to one or not...
This question is however irrelevant to technical trading that is not predictive but reactive, IMO.

Fundamentally speaking, what changed from my last post on bull/bear case?
Drought and plant stress have been forgotten for now.
Still enough overall supply despite export decrease from Brzl and Viet.
Increasing ICE Total open interest for KC as of 10/2: 205,203 +8,389
All big money seem to count on bumper crop, this is going to be interesting.

JK

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