Anonymous wrote:Dear all,
You can state that the coffee market is overbought by funds. Apparently they are holding on to 40000 lots of coffee on NY'c' market (1 lot equalling 17010 kg). Frost season is starting very soon, so they will probably hold on to this position untill august. There's still enough coffee around!
For whom?
Low grade and old coffees are indeed in ample supply.
Fresh, good quality coffees are difficult to come by and expensive.
Try find me a couple of 100 tons Grade 1 African robusta's for nearby delivery, and I don;t mean the terminal market coffees . . .
Of course these small facts do not influence the terminal markets in a big way.
He who knows what the markets will do in the next coming months will be the surprise millionaire of the 21st century . . .
Ivo