He doesn't say anything new. Everybody Knows there will be big shipments from Brazil and the story about trucks full of coffee loading and the bottlenecks at the port are also OLD STUFF.
Be careful my friends, many coffee traders are really screwed up, they are losing their shirts and need desperately the market come down and very much further down.
It is not a casualty those bearish inputs we could see now are placed when the market starts looking support and gaining some strenght.
Origins have plenty of time to fix against December, the world even with the second COVID 19 wave and the wintertime coming will not be in a lockdown as it did before; expectation of inflation is reflecting in the current yield already and the weather in BRAZIL has shifted to a drier pattern now.. and by the way, the ICE coffee stocks are disappearing!!
If I were short at the current level, really I would be very worried!.