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Re: Photos of eradicating coffee trees in the Cerrado.
I would never deny man-made changes are occurring. It's in the data and undeniable. I just see no evidence of it causing bullish outcomes yet. If anything I would say I see the opposite. Extended growing seasons with no increase in peak summer heat. Not saying that at some point there's not some climate minsky moment where the whole world ends but I'm not trading for some great unknown that could be 2 or 200 years away, just what the data supports. Regarding this year, we had a south American drought but after numerous years of great weather. If you look at the American west...its a desert, it gets dry, and this year was particularly so. Reservoirs get lower and lower because of population growth, not drier weather...they don't fully replenish during the wet years.