Posted by JimL
on January 12, 2021, 4:23 pm, in reply to "Re: Bloomberg: Production Estimate From a Group of Sources"
If this 10 million bag shortfall is real, what then are the prospects for a 2021 run up to 2 or 3 dollars? We see historical price surges as exuberance takes over a bull market in coffee. Seven times above $2 in the past 45 years, 4 times above #3. In terms of market patterns, it seems as if we're due for a big surge, since it hasn't happened for 10 years. Is this a realistic prospect for a bullish trader?
