Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
These numbers look 100% more reliable than Tango's median estimate mainly because a lot of these people estimate the crop
at 54 million bag in September of 2015, and were proved wrong when the robusta estimate dropped from 12 million bags to 8 million
bags because of the drought. The Arabica crop was also lowered because of the drought. It was also an "off year", like the growing crop
this year is an "off" year. There has always been a big range for the estimate of Brazil's crop, so the call option sellers always jack up the
early estimates extremely high.