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US Coffee C Futures - Jul 24 (KCN4)

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Symbol
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Currency
KCDerivedUSD
KCc1ICEUSD
KCc2ICEUSD
KCc3ICEUSD
KCc4ICEUSD
KCc5ICEUSD
KCc6ICEUSD
KCc7ICEUSD
Currency in USD
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200.55
-5.55(-2.69%)
Closed

US Coffee C Futures Discussions

Brazil's 2024 harvest will have a lower number than the 2020 harvest, as many areas of frost in 21 nap were recovered today, including soybeans and sugar cane, many areas were cut down for recovery. I believe we will not have record numbers. October exports will be excellent due to the delivery of 2022 locks that have been extended.
The USDA's projections were so astronomical that we are going to combine the Brazilian and Colombian harvest to reach 66m bags
but wouldn't there be a shortage of coffee for Brazilian exports since January 2022? With the total volume exported from January 2022 to October 2023, can we consider which prediction was wrong? Is there a lack of coffee in the world? It is worth remembering that markets ranged from 260 in February 2022 to 145 in October 2023.
where will breake , any ideay..
Nope, I expect a pullback before 162
Sure :-)
today is the day... decision...
Till now 2 things may be stated :): 1) rains at 160 level do not produce the same effect as at 220 level :); 2) to stay intact with USDA export projection, monthly average A export should be around 3mb - currently not the case.
But by ICO current MY should add another 3mb to consumption. Brazil may produce record R crop in 2024 but Vietnam and Indonesia may balance it easy if El Niño will be not be kind to them :). Thus, on the paper :), currently, bumper crop is not building up :)...
In the absence of serious factors, confirming bumper crop (BRL), trade talks about lower demand seem to be obvious: why would brokers/importers rump up purchasing price themselves ? :) Would be nonsense, no ? :)
Closed the balance (1/2).
Why rise so much?
El nino? Amazon is drying up.
Rio Negro reaches lowest level in history, biggest drought in 121 years. Even though it's far away, can't news like this generate fear?
Cecafe at crazy pace.
were just range trading for now.. its ready for the plunge.. most serious bears are well into the money.. let gravity do the work.. and let others cheer the 2 percent moves
Its about 10% already from the lows.
it is all about guesses my dear friends
sell with SL 159 target 150
ITS START SELL TIME
HS in the making.
CECAFÉ at an excellent pace.
ICE too 😉
a long, long time
ICE is a bit like rearview mirror.
Current coffee inventories are tight and supportive for prices as ICE-monitored arabica coffee inventories Tuesday dropped to an 11-1/4 month low of 432,022 bags.
Backwardation again.
Demand or something else or complex :), but Barchart states that Sept A export (CECAFE) was lowest in ... 6 years for the month of August.
Informative Fundacao Pro Cafe podcast #101 at YouTube, covering Sept re temp and water.
Coffee bulls will emerge sooner rather than later
The bulls have shown themselves over the last few days. I'm not sure they have the strength for more.
Nope, they are definitely cooking, you aint seen nothing yet
I observe more then 15 instruments, each on 4 different frames. Sometimes miss individual movements on some of the frames.
I expected down movement, first tp is around 150 !!!
El Nino probability confirmed at 73%
Brazil will return from the holiday next week and may start to find prices attractive
HS in the making?
 Sad but true. Now my sons and those of most coffee farmers do not want to know anything about coffee because they do not see it as profitable. So it is very likely that there will be no coffee.
Have they chosen an influencer career?
 Maybe they choose to become traders.
helo brother, when will strart sell possition, actually i stuck 145 in sell side.
THANKS, UP TO WHICH PRICE IT WILL GO, ANY IDEA
Nobody knows, but nearest sr line is somewhere 190-200
It's a difficult situation. But, take a look at a day frame, there is a chance to form H&S, so if fulfilled, the target 🎯 is 131 !!! Good luck my friend and look carefully for confirmations.
closed buys from 145 waiting for drop again
Technicals looks like this want to go up.
Cecafe is doing fine currently, but Sep figure for A was 2.4mb, below Aug figure of 2.66mb and below Sep 2022 figure of 3.01mb. Total Sep export was below Aug export and below total Sep 2022 export.
Buyers are not interested in Arabica. Robusta is gaining popularity and taking market share.
Have you ever tasted pure Robusta? For those who are used to good pure Arabica, Robusta is not pleasant at all (it tastes different, everyone has their own).
Buy into recession and good flowering. 💪
Would it then be better to offer customers water with wood stain instead of coffee?
There is absolutely no need to worry. There is enough coffee for everyone.
Of course we know the target down 🎯 - It's around level 136 !!!
Let's see first, the stop of this up wave /may be 157 or 160 at least/
or now just tasting 150 and after that go down, It's probably the best option!
it would need such a pump for 215 just like that :D to make us happy
but let's be open to each other, who would hold on to such profits and not close it after a 10 dollar movement
Basis Dec, Jan low broken and and attempt of reversal in the making. Weekly low (cont) remains untouched still or yet :). Daily Stoch produced second bottom (may be not enough :)).
As I remember you are collecting them since 220 not agitating anyone 😉
I buy and sell. As MGom once said, at some point profit has to be realized or stop loss triggered.
I saw today the interpretation of ECMWF, implying that 70-80% predict strong EN in Dec/Jan, over 2.0 in 3.4 area. Prediction is not guarantee, but even if 50% - it is not 10 or 20%... May not happen but everybody may only read the forecasts at this point, including funds, etc...
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