aWhere is pleased to provide a mid-December perspective on the current Brazil coffee crop. Dryness that had started to cause concern has pretty much disappeared and most of Brazil’s production areas have received ample rainfall. One small caution worth watching… Last year’s harvest was smaller than expected due in part to dry conditions in January and again in late February and March. In addition, there was more damage than expected from coffee borer. Insect pests can multiply incredibly quickly and with this season’s anticipated big harvest (~60M bags is now a common target), no weather aberrations or significant insect damage can occur to reach that target.Read More
There are a couple of developments related to Brazil's coffee crop that are worth sharing: Forecast accuracy, changing weather (comparison to normal is simply odd), and today’s forecast (there is a whopping large amount of rain).Read More
Ag-met conditions over Brazil’s coffee production area - November 28 2017Read More
Today was an interesting day in the coffee markets with futures prices trading up 1.00 then down -3.00 and closing -0.45. Record commercial long positions sit counter to record speculative shorts.Read More
Brazil is the world’s largest producer of coffee. Current global coffee stocks are quite low in producing countries, and though inventories in consuming countries are fine, all eyes are on this growing season, as it has the potential to be of record size. It could be big enough to replenish stocks, but as most coffee market articles now state: it all depends on the weather.
The report for 10 November 2017 can be found here: aWhere Commodity Report - Brazil Coffee.Read More