Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
A firm internal market with exporters trying to cover shorts and improve coverage without much success. Producers firmly dosing sales by offering only for their cash needs. Better volume for crop 18/19 helped by dollar and futures curve. Exporters managed to offer prices ranging from R$ 520,00 to R$ 530,00 which attracted some volume.
Harvesting rapidly coming to an end with Conillons basically over whilst Arabica around 80%.
At our own farms which mirrors well South of Minas and Sao Paulo, average of screens 17/18 have come down a lot comparing to last year as you can see below:
CROP 16/17 CROP 17/18
FAZ CAMPO VERDE 32,5% 19,5%
FAZ MACUCO 38,5% 15,8%
FAZ SAMAMBAIA 36,0% 11,3%
FAZ SÃO JOSE 31,4% 19,3%
FAZ S.SEBASTIAO 40,4% 19,1%
FAZ IGURE 23,4% 15,6%
AVERAGE 33% 17%
Wishing you a nice weekend
Terra Forte Trading Desk