* Fund position while relatively high, has room.
* Historically, roaster position at this time of year, is bullish.
* Things can only go wrong (ie, there will be no good news), so, if there is bad news (frost..for example), it will be explosive.
* Brazil has been exporting at record levels (see below).
(as I write, coffee is now 4 cents off it's lows).
Weekly * still closing below 276.
Funds
Brazil Arabica Exports - * record exports for 2010 and first month of January. Despite Brazil's record 2010/11 crop, there will be little carryover over.
2010 jan through Dec
2011 jan
