Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
I like and respect Rod a lot, but this is exactly the type of news one should expect at a market bottom.
Same with the Rabobank bearish survey noise just before the 4/17 rally. Latin America has a serious deficit of soil moisture, i.e., coffee, corn, beans, etc. Take your pick. Don’t see that changing. Best to trade tomorrow’s dynamics, not yesterday’s news.
Upside fuel provided by the short funds and short commercials. Open interest should be up 10,000+ in the next COT report, including more trade & fund shorts. Like tomorrow's news, best to trade the charts, tools and rules.
As noted by J Ganes, "38 days of no rain and high temps in sul de Minas. Trees showing stress and some cherries turned black."