- Sep/Dec plunging before delivery period - Mar/May in slighter backwardation than Dec/Mar - NY Cocoa curve flat in the front months I use DTN Prophet X. You can watch historical seasonal charts in stacked mode to get an idea but no backtests, optimization...like Seasonalgo.
With China devaluing, I read most of the countries in that area will also be forced to devalue to remain competitive.
The markets never cease to amaze me. It has almost reached my stop. You would have told me "tomorrow it will be at -15", I would have said "Yeah right, look for +50 instead...".
1651 GMT - The London Robusta contract is down nearly 3.5% amid a heady mix of currency pressure and technical factors. It's been falling all day, erasing yesterday's 1.6% technical gain as traders rolled over their contracts from September to November, according to a trader. Also hurting today is the third devaluation of the Vietnamese dong; the country is a major Robusta producer. New York arabica is also down today, pushed by the fall of another key coffee currency, the Colombian peso, to fresh record lows against the dollar. Robusta coffee futures for September delivery are at $1,672/ton.
Got stopped out of Robusta (with a small profit [unfortunately around 1/4 of what I had]) at the end of the trading session. Just completely sold off. I blame somebody's dong. All this currency shit man.