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Re: Discussion of Damage
The forum and its participants do not have the ability to move markets. I am here in Brazil, I live within the coffee region and I am reporting what is happening. I have been reporting the drought for some time, and every day it gets drier, where this is the serious problem. Today is November 8 and it hardly rained in the South of Minas and Mogiana, how much rain was evapotranspired. If the market is going to rise or fall, it will be the big speculators that will dictate the rules. In the last 30 days, we had the market falling, as a result of the sale of the funds' long positions, if they decide to sell massively, they overturn the market with drought and frost. But one day they will have to buy it back. The great truth is that Brazil will decrease its sales a lot because of the non-production, that is, a production of arabicos of 20 million bags in 2021 against a production of 48 million bags in 2020, so less product, less exports, less need for sales to exporters, less need for hedging and so on.