Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
In the chart from futures magazine of the three major moves cited NONE were weather markets. In 97' we essentially ran out of spot coffee which was a long time coming as the spot spreads went out to 30 cent premium in an inverted mkt. The 2005 and 2010 was born of fundamentals and more resemble the current profile inasmuch as the spike higher came on the heels of an extended bear move.
The weather mkts were 76' frost; 86' drought, 94' (2 frosts) and 2014 drought fears. See following charts.