Wine futures market the wine futures market has registered

The wine futures market has registered a notable strengthening in forward curve pricing, with December contracts trading at a €200 premium over spot. Statistical regression models suggest that if global restaurant recovery persists, futures demand could sustain a mid-single-digit growth trend into year-end. In Australia, newly formed Vinarchy (a merger of Pernod Ricard’s wine assets and Accolade Wines ), says its focus remains balanced “to bring more consumers into wine at all levels”. It was once possible to make a killing, as anyone who bought 1982 Château Latour futures could attest: It presold for about $40 a bottle in 1983; now it sells for about $1,500 a bottle. More realistically, one can hope for substantial savings, as was the case with futures for the 2000 vintage, some of which are now valued at double or triple their release prices . Recently, however, futures have been a less-lucrative endeavor, and the secondary market has proven competitive with initial offers. Technical indicators for wine futures show RSI levels hovering around 62, hinting at moderate overbought conditions. Bordeaux 2019 vintage contracts, a benchmark in the wine futures market, climbed €85 over the past two weeks. Analysts expect prices to test higher, contingent on Chinese import figures and European summer weather patterns impacting grape yields.