I remember that Judith Ganes offered her opinion of the frost damage of two winters past. She opined that that frost may lower coffee yields for that frost year and even as far as the 2023-2024 season.
Recently December coffee traded at about 147. Today that December contract closed above 160. Will 147 prove to be a long lasting low? Was Judith Ganes correct in thinking that this year will see lower production? Will the current El Nino lower next year's yields too? Currently I am long, with call options, on sugar but I am thinking of buying long term (into next year) calls on coffee. Thoughts on any of this????