I will try to explain to you, Safras & Mercados is located in the city of Porto Alegre, extreme south of Brazil, in the State of Rio Grande do Sul, 1453 kilometers from Varginha, and in this state no coffee beans are produced. I've been working in the coffee market since 1976, and I've never seen Gil Barabach visit a coffee region, does he know how to distinguish a coffee tree from an avocado tree? Unfortunately, it is individuals like him who dominate information publishing. What is the methodology used by Safras & Mercados to point out the Brazilian harvest, I asked them by email and never got information. On the big trades, they are always the big sellers of the market, because they buy coffee from the producers, they sell the industries, but in the meantime they are always sold in the future markets, so when the market goes up, they are forced to margin, they hate margin, because it consumes their reserves, they have to seek financing, in short, it is not pleasant to margin positions. Anyway, I'm explaining, but you don't have to believe it, take the position in the future markets that you like the most.
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