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I'm 2 for 2 on coffee. So I'm obviously a savant's idiot.
Brazil was predicted to have a huge crop this year but export numbers aren't going up each month. "It's cause the seasons are changing" has been the defense but it's getting later and later in the year and I just don't buy it. Rain numbers for 2017 compared to the last 5 years are relatively low and are passable at best. The port situation at Santos is getting worse (government dredging limiting boats customs worker strike is clogging the docks with incoming boxes as well as starting to create a shipping container shortage). Did I mention the last 3 weeks of CFTC reports have shown 3 of the top 5 records for net speculator shorts? Them bitches gotta buy back sometime. Also I heard a bunch of anti-trump people are buying Keurig machines to build a shrine to the The Great Hannity Destroyers so obviously consumption will go up.
I felt this way earlier and if you bought calls for the ETF JO (March expire 17 strike) at the begining of the month you'd be up 30%. I suggest you do that now if you can't afford to trade futures.
EDIT: CFTC report came out today instead of Friday cause some guys fought in wars. It's showing the net short (tuesday to tuesday) was 49,000 short. A NEW RECORD. If this doesn't jump up on Wed I'll let you masterbate infront of me.
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