Hello Phil, who is holding back coffee ? Forward sales because of fears for lower prices are at record highs. Brazil is done selling about 70-80% of their 17/18 and well in their way forward fixing the upcoming 18/19. Honduras according to trade sources has price fixed about 5 million bags of their anticipated 7.5 million. Talking 60 kilo qty BTW.
When such bearish anticipation promotes this type of action you might consider buying the fact.