Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
Inflation irrelevant? I would say yes and no. It depends...
If one wants to sell the idea that coffee is too expensive and can go down to 50 USD because it was there 10x years ago, then I say no.
The USD was differently valued, other inputs and expenses were different. Supply and demand equilibrium was different and purchase power was different (here comes inflation relevance though).
What is truly irrelevant for me are any long long term price charts no matter if adjusted or not.
There are many factors behind the price and those factors, or better say the mix of factors is unique for any given moment of time.
For example check this.. is USD relative strength totally irrelevant or absolutely relevant? Neither is true.. it is just part of the mix with a variable weight.