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#Arabica coffee traders getting out of positions as market comes off the highs, marking the 1st drop in long specs since early Mar. Bearish risk building from a hefty embedded long spec position of ~20k lots, mostly below 220c, but #KC successfully holding @ ~227c for the moment.
#Coffee prices have never been as precarious as now vs a world #KC market SO fragile, since 3 years ago Brazil is harvesting 4th consecutive SMALL crop of both A+R, crop failure in Vietnam, India, Indonesia, Colombia & Uganda GROWING and global stocks are down to 1 month demand!!
#Coffee prices have never been as precarious as now vs a world #KC market SO fragile, since 3 years ago Brazil is harvesting 4th consecutive SMALL crop of both A+R, crop failure in Vietnam, India, Indonesia, Colombia & Uganda GROWING and global stocks are down to 1 month demand!!
MARKET WATCH #KC: Arabica #coffee prices trading up 4.85 c/lb at $2.2885 early Monday as evidence keeps growing of WORLD-WIDE crop failure in producing countries including all Top-12 growers, stocks in importing stocks down a stunning 40% from year-ago levels vs BOOMING demand !!
BREAKING #KC: Shocking new video how SEVERE damage to new 2024 #coffee crop in India's to robusta-growing district of Kadago, sadly yet again more confirmation of how bad world production in 2024 is hit in ALL origins across the world with #KC receiving NO rescue & stocks R gone!
BREAKING #KC: Shocking new video how SEVERE damage to new 2024 #coffee crop in India's to robusta-growing district of Kadago, sadly yet again more confirmation of how bad world production in 2024 is hit in ALL origins across the world with #KC receiving NO rescue & stocks R gone!
#wheat- #kc#hrw- . Bull or bear? Fundamental trader or technical trader? When we dance like this- don't we all need to watch technicals? 200-day? a lid for now. The 100-day? Right down at the 50% retrace of the $1.21 rally from $5.43 to $6.64 #simplelevels
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