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Re: ICE Stocks Are Down 4,851 Bags
Edited by board administrator August 28, 2019, 6:01 pm
Hi Dude. Iím not sure why certified stocks continue to drop. We need to look at the entire coffee stocks picture to see if there is a depletion of global stocks. What is more obvious for now is the continued strength in spreads which is directly linked to a depletion of ICE warehouse stocks. When Honduras begins to be withdrawn, then my suspicion will increase. In spite of the drop in the last two days, the Honduras origin has increased. Timing is everything with spreads but consider depleting certifieds and rolling of shorts by fund. And what about the deterioration of interest rates?