Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
do you remember the discussions of 2015 2nd half here on CTF?
El Nino impact discussions, price was 120+ (with 52w high at 220 USD),
Estimates Year 16/17 crop to be 60 M otherwise the world ends,
estimates of 65+M in 17/18 in Brasil alone to save the world,
M.D: "To estimate next year's Stock Figure April 1,2016
Carryin.... ...18.5 mln
Less Demand 57.0
OPG Stocks 11.5mln bags"
What happened and what is the reality now ... ?
More than two years later we are at 126 USD (52w high 180),
while almost all numbers are even worse than estimated, and the sentiment is? ...
Do the numbers from Brazil even matter yet?