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Re: Arabica and Robusta COT Reports
To drink a beer one don't need a brewery. To trade coffee one don't need to have coffee tree in a farm. I think that both sides produce fake news to move market in desired direction. Producers are not a exception. We had photos about huge frost damages, part of them was from many years ago. We had news about abandoned farms, terrible current crop, empty beans and so on. All this rumours are still negated by record export numbers, month by month. On COT data we can see that price pops are only excuse to heavy sell by producers. They are just using huge carry. I know, that in ancient times there was a habit to kill the messenger of bad news, but it will not change market situation.