Ryan DelanyJul 27, 20213 minVolatility and Inversion in the Calendar SpreadsThe #Arabica #coffeemarket was inverted by 5 bps in N22/U22 as of 7:18am. This is VERY unusual. I'm not trying to be alarmist here, I...
Ryan DelanyJul 22, 20214 minBad to Worse: Frost Update 7/22/2021In my post from a few days ago, I said that the extent of the damage was not yet known. In the two days since then, the situation has...