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Coffee and Orange juice - long term outlook
- Thread starter jbtrader23
- Start date
I agree that coffee looks dire for longs - good supply and no outlook for cold weather (lotta rain though).
OJ does look good but it seems all technical. Does fewer people on low-carb diets = more demand for OJ? Are the low-carb OJ's going to lure in OJ drinkers? Will the stress of the November election cause more screwdriver drinking? I hope so but I'm not sure what to think. I'm long but don't know how much longer it can hold up.
The COT on sugar shows a lot of longs, despite India potentially turning to imports.
Among the "softs", cocoa looks pretty good here.
OJ does look good but it seems all technical. Does fewer people on low-carb diets = more demand for OJ? Are the low-carb OJ's going to lure in OJ drinkers? Will the stress of the November election cause more screwdriver drinking? I hope so but I'm not sure what to think. I'm long but don't know how much longer it can hold up.
The COT on sugar shows a lot of longs, despite India potentially turning to imports.
Among the "softs", cocoa looks pretty good here.
The low carb craze is showing cracks in the armor. In another 6 or 9 months, it will just be seen as another fad diet (like low fat use to be).
The beauty of the play wasn't necessarily the increased demand from ex low carber's. It's the guaranteed price floor due to florida politics. Stocks never get that kind of a price floor.
In terms of coffee, supply and demand always look weakest near the bottom. It may get even more dire with long time coffee growers exiting the business in groves. Of course, that'd be the best time to go in.
The beauty of the play wasn't necessarily the increased demand from ex low carber's. It's the guaranteed price floor due to florida politics. Stocks never get that kind of a price floor.
In terms of coffee, supply and demand always look weakest near the bottom. It may get even more dire with long time coffee growers exiting the business in groves. Of course, that'd be the best time to go in.
Hi,
This is my very first message on this board so I´d like to say a big HELLO from Germany first.
I am currently trading calls on the coffee and OJ futures. What I´d like to know is if there is any news behind the sharp decline in the OJ during the last 2 days. Is there news behind the drop? Something must have sparked the selling, I guess.
Can anybody tell? Rumours?
Thks in advance for your thoughts.
Cheers
CCLSC
This is my very first message on this board so I´d like to say a big HELLO from Germany first.
I am currently trading calls on the coffee and OJ futures. What I´d like to know is if there is any news behind the sharp decline in the OJ during the last 2 days. Is there news behind the drop? Something must have sparked the selling, I guess.
Can anybody tell? Rumours?
Thks in advance for your thoughts.
Cheers
CCLSC
Seems there is a lot of fruit destroyed by the storms?? Bloomberg just said up to 1/3 of Florida's citrus crops have been ripped off the trees. Will be interesting to see how the market reacts this week.