JohnDB
Platinum Member
- Jun 16, 2021
- 9,408
- 5,970
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For those who don't really follow the futures market....
There's a real problem shaking out...
Brazil is the largest producer of Arabica beans...largest producer of coffee period.
Vietnam produces most of the Robusta coffee....others include central America, asia and Africa and even some of the islands produce some coffee....
Now between the political crisis and riots in Columbia and the horrible weather of drought and freezing temperatures in Brazil....and the breakdown of society in Africa....and the lack of shipping containers for Asian coffee....for the first time there's going to be a shortage instead of a surplus. Usually coffee is an exercise in the Forex trading... currencies against the Dollar or BP Stirling.
Not now...
Might want to fill the cupboard and buy some futures. Just saying....and the only ETF/ETN covering it is JO....
Take a look
There's a real problem shaking out...
Brazil is the largest producer of Arabica beans...largest producer of coffee period.
Vietnam produces most of the Robusta coffee....others include central America, asia and Africa and even some of the islands produce some coffee....
Now between the political crisis and riots in Columbia and the horrible weather of drought and freezing temperatures in Brazil....and the breakdown of society in Africa....and the lack of shipping containers for Asian coffee....for the first time there's going to be a shortage instead of a surplus. Usually coffee is an exercise in the Forex trading... currencies against the Dollar or BP Stirling.
Not now...
Might want to fill the cupboard and buy some futures. Just saying....and the only ETF/ETN covering it is JO....
Take a look