/——-/ Don’t get me wrong, I understand the shortage of beans, but the $21 spread was wacky. This morning it’s still high but now only $3.21 difference. Normally a spread is about 10-15 cents. All I’m saying is to be careful if you place a trade. This screenshot is from this morning on my Think or Swim account.Do as you please...but I'd begin taking profits today...both Robusta and Arabicas are up today...we are at historical highs. (Unusual for a surplus product)
There is actually plenty of Robusta beans. Arabicas is the one that is in shortage as that's the preferred American coffee. 80% of American adults drink coffee. (The rest of the world drinks tea... coffee is a more recent fad for them)
But still... don't get caught watching the paint dry today. Coffee is volatile.