GCA Stocks Return to Seasonal Expectations, Confirms Deficit

Last month the #GCAstocks, shocked to the downside when they came in below expectations at 5.78 mm bags. This month, we have a substantial stock increase to 6.07 mm bags which essentially undoes the short term fear from last month's low number, but longer term only confirms the #deficit. In the paragraphs that follow, I outline this logic, explain how to read this report and why I believe it confirms the deficit.

The #GCA #coffee stocks are published by the nonprofit Green Coffee Association which is a trade association for governing #greencoffee contracts with the #USA and her suppliers. The GCA is also one of the most useful providers of coffee