Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

US Coffee C Futures - Jul 24 (KCN4)

Real-time capital.com
Symbol
Exchange
Currency
KCDerivedUSD
KCc1ICEUSD
KCc2ICEUSD
KCc3ICEUSD
KCc4ICEUSD
KCc5ICEUSD
KCc6ICEUSD
KCc7ICEUSD
Currency in USD
Disclaimer
239.18
+10.78(+4.72%)
Closed

US Coffee C Futures Discussions

FED rates this week.
And everyone knows that. Much smaller Brazilian export for 2022/23 than 2021/22 might be a surprise for many.
ICE number continue decreasing ~interesting
in this case, look for BRL
Cecafe data for today is very interesting. 20% drop MoM, at this pace we are going to have meanigful drop YoY too.
Meanwhile it keeps raining here in Colombia
Good for farming rice ;)
Coming soon: riceppuccino :) :) :)
Now it should easily reach 216 after that i would wait before selling immediately….maybe it could push much higher
a little much higher….lol
i was wrong it looks like more easy first gap 199 cant see any chances of glory for commodities bulls before FED decision on rates
Chances of glory for crappy coffee bulls are fading away big crash just starting lol
It may even be in the USA, in Brazil there has never been deflation for industrialized goods. I don't believe there will be now.
Rodrigo, there is no deflation in US. :) There is huge inflation and everywhere.
I know, is that here they talk about deflation as if the products on the shelves would plummet, that the coffee will return to levels of 100, 140. For a producer it is difficult to have this vision because, if he works at the average production or slightly above ,these values ​​do not cover the costs, mainly with climatic adversities.
Technically, the failed breakout attempt at 218.90 holds control of bears in the medium term.
Eye on CECAFE.
What is so important at 218.9?
SMA on the daily chart. After touching 195 and fast recovery, it was an important resistance.
216 before further down so easy
it looks like they will smash it down first
BRL strong which should support #JO price. - Something strange is going on with PA today. - Except for GAP close @200 it´s hard to see and make any good reasoning for the weak price of today.
But gap 216 is also calling….better to stay flat lol
Germany and the Euro Zone, indicate that activity in part of Europe is contracting; UK keeps indexes above the 50-point line
what's happening ?
gap dw ?
gap is watching you lol
.
The European Central Bank (ECB) raised the key interest rate by 0.5%, the first increase since 2011, in an attempt to contain the soaring inflation in the euro zone. Demand for products can be affected, including coffee, of course
https://lolamarket.com/es/en/tienda/mercadona/coffees-cocoas-infusions/coffees/mezcla-de-cafe-molido-n4-paquete-de-250-gr/ sometimes cheaper than 2eu
The demand for coffee is not limited to consumption in homes.
Short dude, maybe chickpea coffee but not coffee coffee
712,817 bags. Not a huge drop, yet...
Canal Agro: "Since September 2020, the La Niña phenomenon has been influencing the global climate and causing concern to farmers. Despite having weakened in February and May, the cooling of surface waters in the region of the Equator Line in the Pacific Ocean began to be recorded by the meteorological monitoring services in April. Typically, the event can last from nine months to two years. However, the change in the world wind regime — important for climate balance — is being affected by global warming, making the phenomenon last until February 2023, as indicated by the American Ocean and Atmospheric Administration (NOAA). La Niña in the autumn quarter was the most intense since the beginning of the historical series maintained by NOAA. Over the period, the average temperature in the Pacific was -1.1°C, compared to -1.2°C recorded in 1950. Such a low number between March and May has only been recorded six times in the last few decades."
Oscar, if I'm not mistaken, La Ninha increases the volume of rainfall near the equator while decreasing at greater distances from the equator
So, z bottom line - COFFEE PRODUCTION might be affected down - due to excess rainfall and associated pests, etc (assuming 'increases ... rainfall' implies above normal)?
Islt is happening. Colombia has smaller crop due to excessive rains.
Wednesday, a new low of 718,617 bags
And CECAFE certs are now 17% lower MoM. At this pace only 2.6mln certs in July.
Wednesday, a new low of 718,617 bags
Thus, the first dive below 200 was proven to be short lived. And warehouses can be not that full simply due to somehow lower production :). And local ferts price has to be watched carefully: usually, when it goes up a lot :), farmers reduce the application. Less ferts --> smaller next season crop.
We can don't forget, that exports of Brasil and world,  may also decrease due to reduced demand, because global inflation.
demand will never end, but it may stop growing or decreasing
Mgom so you basically agree with me that KC is too cheap comparing to physical market. That's why ICE stocks going down at fast pace.
Don't forget here in Colombia the harvest will be very low too because excessive rains. Very Sad Brazil needs rains and we need dry weather.
ICE monitored arabica coffee inventories Tuesday fell to a new 22-year low of 727,222 bags.
And zero bags pending. KC is too cheap. No one wants to deliver to ICE at such price.
Nice CECAFE export drop MoM. ICE certs down to.
what about the empty warehouses at the production region, in my town all warehouses has 20% from what is usual by this time of the year, crop is ending and warehouses empty,
If story about warehouses is true we are going to see export colapse soon.
Exports may also decrease due to reduced demand, global inflation.
concern about lower coffee yields in Brazil after Somar Meteorologia reported Monday that Minas Gerais received 0.5 mm of rain last week, or 12% of the historical average.  Minas Gerais accounts for about 30% of Brazil's arabica crop. 0.5 mm of rain, is less than what we get every morning with the dew.
back to 202 🎃🎃🎃
200 or even lower as soon as bullish euphoria will be smashed by FED lol
Did you mean 302, rigth?
am sure he did haha
Out of longs at 215 :) GLTA
Kudos Sam!
this time once in a million thumbs up to Cedra’s trade
Kontrak mi 7.1$
...
...
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.