There is uncertainty about how the current rainy pattern is going to behave for the second half of October and November.
Funds are trying to defend their positions. They have plenty of money.
Origins to sell coffee they have to sacrifice quality. The price in the domestic market is US 20 cts higher than the N YORK C and Differentials are extremely high.
Physical business is slow.
A rise in prices is A must. Funds will have to capitulate and buy at least part of their shorts. The market is extremely played on the downside.