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Re: Q, Orb and Gomes
Thanks Rich. There are a lot of market participants who aren't as well versed but there are a lot of participants with boots on the ground in brazil and Vietnam, and don't discount how much smarter systems are than they used to be...they incorporate fundamental data into their models and trade on autopilot. Regarding the current situation...were in the teeth of one of the biggest deficits in history, so it's not so much a show me attitude as it is reality in the here and now and risk premium for it being very dire. You can see it in certs daily. The question that needs to be asked is what's in price? I'd personally say a conab sized arabica crop, not a usda sized one and exports are trending to usda's numbers.