#Coffee is a rapidly changing market and while conviction is essential, we need to be prepared to change our view when the facts change.
Below are 7 data points to watch out for in coffee, when these become available, we should be prepared to change our minds.
1) GCA Stocks
These are due out on the 15th, expectations are for a healthy draw down. The draw is expected seasonally and also from the wide annual deficit and logistical problems in shipment. Deviating from this expectation in either direction could move the market, a particularly steep drawdown will instill fear that the #deficit has been undercounted, while a slower draw or (heaven forbid!) a build will indicate that the bullishness has been exaggerated.