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Its looking like it is time to prime the checkbook for next year for a promising 2009 Bordeaux Futures season. The harvest is starting now which, of course, means that this is a premature call; but the stars are aligning. For clarity the two main grapes will be harvested shortly; Merlot starting now (Sept 20) and Cabernet Sauvignon scheduled for the start of October.
The Financial Times on their front page today called the vintage. If the weather stays good for the remainder of the harvest, this will be the first time since 2005, that it was worth spending some money on Futures.
Lets look first at the vintage and the reporting of it. It did not start out well with hail in May. However since then the weather has been excellent and reports have been coming in since early August that express hope. Firstly Decanter, as always, did an early boost, claiming it could be another 2005. One of my favorite sources, the BordOverview, did a typical low key post giving a good review of the 2009 year but being careful about labeling the quality of the end result. Jancis Robinson did a review of other great XXX9 vintages and then gave an update on the 2009 vintage across France.
So, it could be good time for Winevestors. The Bordelais need a good vintage. The prices in 2008 were down significantly. The recession is still keeping prices down. It may be a good year for the Bordelais to release well priced wines of a very good vintage. Let’s hope and watch.
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