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Re: Gods of Nature
Posted by Admiral
on September 22, 2021, 8:49 am, in reply to "Gods of Nature
Hi MJA, I know you know the answer. Take a look at London robusta mkt. Already in Backwardation. Robustas are disappearing quickly. Stocks are down 52 K in 3 days. Now 12,811 lots.
The short answer is no, the stocks do not exist and their is no quick supply fix. Price will have to ration demand. And coffee demand is highly price inelastic. Fasten your seat belts. And if the reais strengthens, we'll hit new all time highs in coffee C contract.