[SevenofNine]

I hate to say it I think you are so right

[SAJ]

One other thing, seven. Brent should gain on WTI all this week unless there is some sort of 'miracle' calming down in Ukraina.

And keep an eye on Brazilian weather. 181 cities in Brazil are already rationing water, in some cases as little as 12 litres a day per household (!). Should the drought persist for another (say) month, both coffee and sugar prices will go absolutely mad. Traders should at least have a look at bullish vertical call spreads in both mkts, with sugar having the lower risk by far, but coffee at least holding out the possibility of spectacular gains (>1000% on capital) should the rains stay away.

Best to you,