Coffee Traders Forum
[ Post a Response | Coffee Traders Forum ]
Re: Drought price action
With all due respect you misunderstood my post. First of all the damage is done. The commencement of the rainy season does nothing to improve prospects and can only produce further damage if it is poor. If you look at the January 14 chart the market ignored the damage that was accumulating under its very eyes before responding. I think we will look back in disbelief at coffee at $1.10. Of course we all have different opinions thatís what makes a market. I have to say I am especially encouraged of the negative sentiment that exists on the forum. I guess a 6 year bear market will do that!