Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
At this point, the futures market is, and has been, telling us that the totality of origin production is precluding a recovery in NY KC prices. In addition to other origins on the upswing, both Nam and Brazil could be headed for record production. Low prices, low volatility, toooooooooo much production and adequate stocks (total chain) rings true across much of the commodity complex. Globalization has been a disaster for farmers in the developed and developing world. The intermediaries and large end use retailers may have benefited from the farmer's slave labor, but not the farmer or the consumer. Would rather not criticize the endless cry of the weather related wolf. It will no doubt BITE some day, but it will take more than BARK to lift NY KC prices.