Coffee Traders Forum
[ Post a Response | Coffee Traders Forum ]
Re: Astounding Brazil exports- expect November to be heavy too
Some will try to "wash-out" the contracts, ie. buy them back. As the diffs tighten the roasters will turn to the past crop certified exchange stock as a substitute in their blends which in turn creates futures buying since ALL exchange certified stock is hedged with short futures. Look for the cert #'s to decrease substantially but be aware their is significant lag time between the sale of a cert and the surrender of the exchange certificate.