Are you aware what is happening in Origins?
Do you know will be a lot of Defaults in many producing countries?. Are you aware of the current lower quality coffee yields they are shipping?
Do you know COMMERCIALS in the COT are very negative? Origins is very well fixed indeed, they are not in a rush to do Price fixation for December, but the industry will do.
Do you know we are entering in a buying seasonality months?
If you see in the future, are you aware the world in general is opening not closing and we will have the vaccine relatively soon.
Are you aware, in general, Inventories are low and the balance next year crop is possible will be in a deficit.
Also because 75% chance of la NINA event, that could bring a lot of rains for the coastal countries with landslides and losses, but also losses for a potential to otherw like BRAZIL?.
The raise from 95 to 135 was not speculative. It had fundamentals. Differentials were astronomical high and the rise has corrected that situation, but only partially. The market needs to go higher for the bz to produce.All the internal markets are way higher that the market we can see in the exchange.
When coffee was at 95 a boom in demand happened. Home demand was a boom, now with the openness of this new scenario, outside home coffee demand will have its turn.
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