Coffee Traders Forum
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The news of the inability for sellers to deliver and causing an increase in wholesale prices is bullish in one way and bearish in another. Not being able to meet contracts should create a demand for nearby coffee, but if supplies are not available, what then. If the news is bullish, and it has been reported a week ago as well, the market is certainly not reacting, quite the opposite. Spreads should be screaming higher, but they’re not. They are steady but not very. UZ is weak. Any thoughts?