Get free historical data for US Coffee C Futures. You'll find the closing price, open, high, low, change and %change of the US Coffee C Futures for the selected range of dates. The data can be viewed in daily, weekly or monthly time intervals. At the bottom of the table you'll find the data summary for the selected range of dates.
CECAFE, +117.265 Certs today, end of jan23 around 3.1 / 3.2 M bags
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How you get 3.2mln bags with last day's pace is mystery for me.
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around
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ShortDude ShortDudeseems to have found the bottom he was looking for since 220.
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ICE has 25k bags less in one day. MGom your shorts need a extremely ON year.
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No Grading today, Pending UP +3000 bags
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If I'm not mistaken you suggested buying at higher levels, 235, 220, 215, 200..., I hope it sold out but were you right when you bought it and ended up buying only at 145? 148? Keep it up with the OFF years, one day you'll get it right.
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And only 117k cecafe certs today...
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BRL UP and KC Up, let's see if there will be a transfer in the same proportion to the Brazilian physical market
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Beautiful sequence of highs in 11 days, practically, consecutive, close to 2800 pts
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Probably for Brazil, we had 2022 year ON (2022 > 2021) and we will have 2023 year ON too ( 2023 > 2022) as a normal sequence.
If there was no coffee how come there was coffee from 2021 circulating in the market until few weeks ago ???
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I don't know. Does Brazil produce more per hectare than they say? Accumulated stocks of years? The only thing I'm sure of is that, seeing our plants, the plants of neighbors and comments from other distant producers, it's not going to be a full season. The plants not affected by frost are in the OFF year, the plants affected by frost are only 1.20 m tall with few lateral branches and very low flowering set (more sensitive to droughts).
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"The Minas Gerais coffee harvest should reach 27.5 million bags in 2023, with growth of 25% compared to the previous harvest." @ https://www.noticiasagricolas.com.br/noticias/cafe/339721-safra-mineira-de-cafe-deve-alcancar-27-5-milhoes-de-sacas-em-2023.html#.Y9PncHbMKUk
It is bearish for the price, generally good for farmers, but question is how much of it is already priced in.
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Ofcourse this is priced in, but a confirmation when the harvest is done, will put the prices a bit down.
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People were thinking(ecom says it) this next crop would be like 2020, 70 millions (50 arabica anda 20 conillon, for me this number is bullish
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specs founds are short soon or later will have to cover the position, The whole coffee market, roaster and exporter are buying NY as Hedge. Exporter are rolling the deliveries because of the big jump of differentials. It used to be -15 now is +25. around 52 usd dolar expensivier
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but didn't the market fall by 85 $/lb? This is the function of Diffs, to regulate prices in the internal market
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some ppl think diffs do not change with market conditions....
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Correction on the way
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What would be your next entry?
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It should keep pushing up with inflation data
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Turning negative before weekend or US will push it up again?
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Not real volume behind a drop...
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Physical market in Brazil is up too.www.noticiasagricolas.com.br/cotacoes/cafe/cafe-arabica-mercado-fisico-tipo-6-duro
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CECAFE Certs today + 132.162 bags, Estimating 3.05 M bags by the end of Jan 23. No major disasters as a Forum prophet said.
After what happened in 2022, where producers hid coffee and exports were above the expected volume, I dare not predict what will happen in the following months. I know that there are many producers waiting for better prices for sale. Don't worry, I'm enjoying the possibility of a long-term bottom at 142.
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Meanwhile world coffee production increasing for 6.5 million bags (22.23 vs 21.22)