From May 23, 2020: coffee futures crash.
And then, July 11, 2020, from a contributor at SeekingAlpha: fundamentals support a coffee turnaround.
I suppose there are many, many ways to explain the "difference" between chocolate and coffee during a pandemic. But I will leave that for another day. Or another reader.
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US Crude Oil Supply
Link here.
At 37.6 days vs a recent high of 42 days.
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Legacy Fund
Pending. We should see deposits data sometime this week, perhaps today.
Looking at the days supply like an obese patient, looks like there are about 12 day left to shed to get to the former best recent weight (days).
ReplyDeleteYou are quite correct.
DeleteOn a completely different note, the algorithm behind this statistic must be quite complex: simple arithmetic for factoring US crude oil inventory; but calculus to determine rate of growth/decline in demand going forward.