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US Coffee C Futures - Jul 24 (KCN4)

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

US Coffee C Futures Discussions

CECAFE 01/20/2022 x 12/20/2021: Issued Certificates 1.850.175 bags, -18.4%% and Shipments 1.222.309, +4.4%, DEC/21 (d/d).
Nice wick on 1h. The pivot got taken out by the wider market move but the coffee market saw it as a buy. Let's see if there is enough buying sentiment. The wider markets should not capitulate more after the already huge move but they
Wider markets filling their nappies with fear as the exodus to the doors starts. I am not shorting coffee as I am covered else where but coffee could fold down a bit more. This is a buying opportunity in coffee but I am not sure where the bottom
They bought Jan 4 reaction point. A good point to restart... :)
Hedge funds getting rid of coffee at last lol
coffee sugar cocoa bubbles burstin lol
Cocoa is gonna go to da moon! Not tomorrow though... :)
Funds pulling wider markets down again. On that not it looks to me like the min market bull srun is over now. I am buying more silver and opening up more leveraged bear market trackers. Time for retail to get screwed or cash in their pandemic gains, the monolopoly game is over.
Friday or monday will be bearish day!
Or Tuesday, Wednesday, etc.
How about Tuesday, Wednesday or the following week?
Chill my friend :) wait for a Red candles! :)
"Noticias agricolas bloomberg volcafe déficit de 1 4 milhoes de sacas"
That's why price is already at 240. Almost 150% higher from lows.
It is a matter of taste but sofisticated watcher :) could currently see very delicate inverse H and S on 5min H22 :) :) :).
Empire keeps selling... :)
6th is not a charm... :( :( :(
Rebellion is out for lunch due to suppression. Tomorrow it will be back to the battlefield. :)
Bears better defend 245. :)
Or 247 :) :) :)
Or 249 (-: (: (: (:
After the trip down to 241 as discussed yesterday, I used the opportunity to add at 242... now its a case of wait.
Come back was fast.
7 days left to do the trick... :)
Shorting 244.70 :)
Target 224 I will hold until we get there
this time is different sam.. u can hold longer..
Sam squared, love it!
According to last CONAB report working area where coffee is grown is smaller for 2022 crop than it was for 2021. A bit more is shown as in preparation state. In summary for 2022 we have less land in production.
The report of CONAB is clear: Area in Formation 2021 = 391557ha to 2022 = 416770ha + 6.4% Production Area: 2021 = 1,808,462.5ha to 2022 = 1,820,213.5ha + 0.6%. In 60kg bags is 2021 = 47716000 to 2022 = 55743100 +16.8%
Guys look at Cecafe. They are manipulating! Yesterday certs 2,7mln today 1,6mln. Never trust brazilians!
It can be called consumption. By the way, disappearance is official term that ICO uses to define consumption in importing countries. (I hope I did not mix up...) :)
Some people would call it voodoo. :)
Bigfinger, would be the most suitable.
ICE Stocks  zero variation, Pending Bags = 37,538 .. coffee arriving in Antwerp and Hamburg. Of Brazil ? Honduras?
ICE stocks without change but 37.5k new bags pending. New coffee arrives.
BRL can travel back to 5 easy V the USD... That's more than enough fuel to feed KC over 250
I am not going to trade it but interesting no pull back in to the close here. Must be shorts caught out so pop on close or pop on open after volume settled
The upward channel on BRL that started in July broke today, that could be enough to really push coffee through 250 and
BRL 5.4724 +1.69%
Looks like stops got run at 241, so if price pulls back that far I will add another long there otherwise no plans to add as I am fully loaded in this
22 mil bags (GC) annually in Brazil is, very roughly: 1) 1kg roasted beans = 40 cups; 2) 1kg roasted = about 1.2kg green (ICO ratio) ; 3) 60kg GC --> 2000 cups; 4) 22 000 000 x 2000 cups / 365 days = 120,548,000.00 cups per day; 5) 60 mil adults x 2 cups per day. Consumption doesn't look wrong assuming 215mil population of Brazil. :)
Volcafe 2022/203 Brasil, forecast 37.5 M Arabica and 23.4 Robusta, market reflect this numbers today.
My Bad!!! :)
My fault!!! :) But still, 530k vs 390k is about 35% increase in ha. If yield will come out being a bit smaller - like 42b/ha, for instance, it will be 557k ha or 43% increase in productive area. Hard to explain that sudden icrease unless to believe that CONAB numbers are all made up. What is hard to belive either. :)
16.960 M bags for Ribusta, by CONAB, looks low for the exuberance seen.
Tíme to sell this weak!
Sounds like someone got caught short in a rising marked ;-)
no I just taken profit from silver and i want to find new opportuntity :D and now I just wait for right time to sell :D
250 test in a 1-2 weeks....
Maybe, if it goes that quick I will be looking to close a few longs and re-enter. I would rather see a retrace ar 248 back to low 240 then blast through. Looking at 280 for some take profits for larger positions. Smaller on the way
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