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Re: Correct, But Timing & Accuracy of the 21/22 Arabica Crop Forecast Still Looming
As you say Mexico Jack, the impact of the dry weather may be not priced into the market. I personally believe that everything is priced into the market. It's possible that the damage to the crop, nor the carryover stocks, are as serious as perceived by some. There is no forward buying by the consumer sector that I see. Nevertheless, I remain friendly to the market for other reasons as well.