Coffee Traders Forum
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Re: ICO: Market Report for March
Thanks Tango. I haven't been paying as close attention to the coffee market as of late. 2-3 months ago I was thinking we were overvalued and should trade in the low 2's. But in the wake of the Ukraine invasion I thought the cost inflation negated any bearish bias I had despite presumed lost consumption. Now I come back and look at brazilian exports and wonder if brazil didn't somehow make a 60 mm bag crop. I don't know if the forum has discussed this but exports look abjectly bearish to me and while I don't think 3 million bags is the deficit it may only be 5 or 6 which is not bullish from this price. Does anyone have thoughts on the export program?