Brazil Coffee: A Little Dry, or Very Dry?

For the past several weeks and months we have been hearing about #drought and #dryness in Brazil (from our friends like analysts Judy Ganes, Mike Nugent, the Analyst-Trader, and President of MJ Nugent Co. , and others). How dry is it, and is it a source of concern?

My view is that it is not a strong concern now, but that there is potential for a bigger problem and I highlight what that is and why in the paragraphs that follow.