The friends that Iím referring to are option dealers who service clients including myself, other traders including every commercial entity that trades options in both Arabica and Robusta. Those that were approached about crop damage in Brazil are not aware of any. I believe that your report is valid but itís very peculiar that the market has not reacted to a report that was released on 9 September, and that commercials are not aware of any damage. It would be nice to see this market move wildly higher, as it should have. I recommend to the entire forum that when there is any news regarding the market or the crop to post the public report if itís from a reliable source. We live in a world that news is fabricated so we should be careful of our sources. For now the market is nit responding to any damage. Could it be of a carryover stocks and a high surplus from the Ď20 crop? I donít dispute the Camara Cafe release but I think that there is something missing in the formula for the market not to react. Just my personal view as a trader. I would be very happy to be proven wrong by the market.
« Back to index