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Re: Cecafe JULY , 2 august
If we look at the price movement after the frost in the early morning of the 30th , we will read that there was no frost , when there was frost . Who makes the market move are the big players , I don't have all the answers to market movements . Yes, prices were very stretched after a few days, the market opened high, got stuck, someone read or computer read that the market stumbled, went into sales, may have taken stops, etc., no one knows. I have the intuition that it wasn't any commercial trading in the first 10 minutes. In the end, this is called market, this is called volatility, I don't know how to give more explanations. But in the question of coffee production in Brazil for the year 2021, the one we are harvesting, between my harvest figure of 43 million and Rabobank's figure of 56 million, there is a difference equivalent to one Colombia. So volatility will be a component of the coffee market.