Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
NY July KC bottomed on 4/17/18 at 115.30, rallied 10.65 cents and then retraced 7.60 or 71.4%. Very normal and expected.
This is May 10th. Brazilian winter ahead. Weather events are sensitive to producer/state stocks and prices.
Given the lack of producer/state stocks and low prices, the majority of commentary on the CTF will be irrelevant if we get a weather event.
No predictions, but best to be alert.
Don’t believe it, but if July tests the lows, the 115 July calls could be an interesting trade with value.