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Sounds like the article you read was the same thing.
Got to love the farmers mentality; last year prices were high due to shortages so lets grow loads this year and make a bomb - Oh there's a supply glut and the bottom just fell outta the market - Doh
Can you help answer these questions from other members on NexusFi?
Why is it that I get emails telling me there are new posts in the thread then they quit coming even though there are more new posts? It still says I am subscribed to the thread.
I will sell options on expiration day if there are bids far enough OTM for me to be comfortable. Your trade worked but 20 points is risky. Glad it worked for you.
Just for the record , here is a quote from ICO Oct,2012 report. Crop year 2012/13 has now started in all exporting countries, and on the basis of the information
currently available, total production is estimated at around 147 million bags, compared to 134.5 million
bags in 2011/12. The majority of this increase can be attributed to the on‐year in the biennial cycle of
Arabica production in Brazil.
Tx for the input on the call, 185 probably is too close as we are buying a march call months away.