2021-10-29

The 1970s: Coffee and Sugar

I expect a pullback given my overall bearish interpretation of near-term macroeconomic forces. Longer-term, coffee has a nice base that will beget a double or tripling of its price. Sugar is not nearly as bullish as coffee here, but starting from a lower price, it would be a quadrupling or sextupling if it followed (or led) coffeee in a bullish/inflationary scenario.

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