Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
I think that is part of it. We also had Brazil December exports today and those were 2.580 million bags from 2.695 million in November and 2.912 million last year. Plus, there are widespread expectations that index funds and other funds are going to buy generally in ag markets. Prices have been cheap and mostly stable when all ag markets are considered, and I think some fund operators feel we are at value areas. The US Dollar is turning weaker, we are pumping a lot of cash into the economy, more industrial commodities are higher and we are going to talk infrastructure spending to blow the balance and budget out even more. So, I think the case for the short side generally is coming to an end even if specific commodities are not always all that bullish. Futures brokers have not been making much money and cash has been very hard too! This can not continue! I should know, I am a broker in both markets!!