I know that only yesterday I was berating merchants for touting 2004 burgundies already but news from Bordeaux vineyards this summer has a bearing on the huge market for bordeaux and likely movements in price on the 2004 futures.
It might have suited the Bordeaux trade, which had a difficult 2004 campaign, to have had a disastrous flowering in 2005 so that the crop would be short, helping to firm up prices for the 2004s. In the event, as anyone who was at Vinexpo knows, June was sweltering and the flowering was near-perfect. (Moët & Chandon are suing Vinexpo, by...