Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
According to COT the move from the bottom is truly small at this stage - for last 7 weeks net position of managed money has been less -40k. Too early to draw conclusions in my opinion. There will be a move up sooner or later but from what we seen many times panic selling is a prerequisite.
Not to mention that everything on Bloomberg is a subject of serious questioning. I'd say they are right in 50% case. Same as tossing a coin.