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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
232.15
+1.05(+0.45%)
Closed

US Coffee C Futures Discussions

fly my sweetheart <3
Weather in Brazil CB more then perfect for A
What do you think will happen today
Tell us why you think the weather is perfect?
rain and heat on the way coffee supports, last year the rain coame late and tge geat was to much at the flowering time with no regular rain in many areas, but besides that i believe that we will have a great harvest 2024 but now, as shortdude mentioned, the dry and frost weather is coming amd with this crazy climate…..
Big trading houses running out of cash. How will that influence KC. Never seen before....
No coffees at spot at all due to high financing interest
In the short term, the situation doesn't look so bad, we have a lot of new bags in ICE, better production in Colombia. A lot of exports from Brazil. Long-term, however, there are a lot of risks. The world weather looks increasingly unstable, the year started with new heat records, the oceans are hot as they have never been. Consumption is on the rise. Next year is OFF season. Where are the bigger risks? For the price up or down?
Price Risks Ahead: Short/Medium Term: Down (0-12 Months) Long Term: Up
That means that price s will be stable at least for this year
price down in next 0-12 months. Price risk up beyond that
sell signal /30m 18.03/17.15. (UTC) !!!
first TP 177.40
ICE is adding bags like crazy... March 12 - 450.727, March 13 - 458.107, March 14 - 467.825, March 15 - 488.678, March 18 - 516.386
first line of defence so time for shopping
if that holds we have double d
New bags are coming to ICE together with some news about better production in Colombia.
I like Viriato prediction about 165-175 area. Just ahead of frost season.
Anomalies everywhere are continuing at full swing, temps beat previous records and wars escalate as GSM is building up in a way that reflects its previous period of 1645 - 1715... Nobody knows, but cocoa gave a good example of what may come... Assuming a perception of 70 -72mb crop and amazing export (a specially of R), we do not see yet a sure move down what would indicate that all is as always...
Extreme temps in Colombia, Indonesia, Africa, etc... May be nothing or may be a precursor of something coming...
Added long position go up to 188
deathcroosss on 4h last time when this happen 16.6. 2023 we fell from 183 to 143
This time is different ;)
added bug short
positive sl on 184 and relax
It was just above 184 to fire SL 🤷‍♂️
nvm shorted with leverage at 188 so 4 dollars booked :))
patience bring big moove stay short
Impressive ICE bags numbers. MGom good job!
Yet ICE is making some pressure
It was kinda expected after CONAB increased its numbers no matter the weather was :). 165 - 175 is the cluster to watch, besides 170 is roughly middle of 140 - 200 range. :)
You can store in my warehouse as long as you dont mind some missing bags 🤪😅
added big short
Spreads are going up despite MGom's efforts and new bags of coffee at ICE. Do you have any theories why this is happening?
João Yoda:"DAILY COFFEE COMMENT 03/12/2024 Arabica exports in Brazil in February increased 36.5% year on year. Forecasts of drier than normal weather from late March through May raise concerns about Brazil's upcoming harvest, but strong exports from the current crop appear to be keeping the market in an unstable, sideways pattern. Brazilian body Cecafé said yesterday that its country's green Arabica coffee exports in February totaled 2.81 million bags, 36.5% above previous year's levels. This reflects the strong result for 2023/24, but also indicates that port congestion has eased, allowing exporters to compensate for previous delays. Vietnam's customs agency said its country's coffee exports in January/February totaled 398,819 tonnes (6.647 million bags), which was 16.4% higher than last year. This suggests that Vietnamese producers have become more aggressive in marketing their coffees. Stocks of certified coffee on the ICE exchange increased by 6,405 bags this Monday, reaching a new three and a half month high. MARKET VIEWS TODAY: Consumption at restaurants and retail stores should improve as consumer inflation levels decline, so in-line or lower above-expected US CPI and core CPI today could support coffee prices. Look for support in Coffee May at 182.25, with resistance at 190.00.
João Yoda:"DAILY COFFEE COMMENT 03/12/2024 Arabica exports in Brazil in February increased 36.5% year on year. Forecasts of drier than normal weather from late March through May raise concerns about Brazil's upcoming harvest, but strong exports from the current crop appear to be keeping the market in an unstable, sideways pattern. Brazilian body Cecafé said yesterday that its country's green Arabica coffee exports in February totaled 2.81 million bags, 36.5% above previous year's levels. This reflects the strong result for 2023/24, but also indicates that port congestion has eased, allowing exporters to compensate for previous delays. Vietnam's customs agency said its country's coffee exports in January/February totaled 398,819 tonnes (6.647 million bags), which was 16.4% higher than last year. This suggests that Vietnamese producers have become more aggressive in marketing their coffees. Stocks of certified coffee on the ICE exchange increased by 6,405 bags this Monday, reaching a new three and a half month high. MARKET VIEWS TODAY: Consumption at restaurants and retail stores should improve as consumer inflation levels decline, so in-line or lower above-expected US CPI and core CPI today could support coffee prices. Look for support in Coffee May at 182.25, with resistance at 190.00.
Dude. in the last 4 days the spreads have been lower at around 100cts/lb
CECAFE 3.6 M bags fev 2024, -8.45% m/m, but +49% y/y.
Quite hot today and will be even hotter in the coming days.
200 remains important level :) :) :) .
True, a specially after yesterday's close and the way it looked on weekly :).
By the way, since last cyclical low R more than tripled... as cocoa did... For KC to catch up it would imply 320 level which would be perfect chart wise :).
?
sell time ?:D or what happen
why did it shoot up like this
Red Sea scheme ! A lot of interest sides involved in escalation.
was good short :)) now maybe buy again with small tp 2 dollars
More ships full of new bags of coffee, sent by MGom, arrive at ICE.
New bags with old coffee 🤣🤣🤣
Invasion :).
I warned Dude !
Tomorrow up or down?
down only down any spike opportunity to sell
Weekly chart is the best to watch :) :) :).
...or monthly :) :) :)
or anual
Coffee import in USA Dec23 vs Dec 22 is minus 37.6% !!!!!!
Oh, already used a bit of stocks?
Spreads again deeper into backwardation...
Market sees good export as good consumption probably :) .
Reuters published article (Feb, 29th) saying, that by 10 analysts and traders :), KC will end the year around 165 :). Average view at 24 crop would be 70mb :)...
Such surveys are unlikely to work :)
is any retard here willing to buy a real world commodity from Africa at a good price?
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