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Coffee getting stuck in the filter

Carlsquare
11. lokakuuta 2022 | 1 min lukea

With coffee prices reaching highs that have previously been rare, the market is at an impasse. With the Fed meeting at the beginning of November, the more current possible catalysts and triggers are related to the climate

Precipitation forecast 2022

Source: Accuweather.

Worth noting is that Arabica is the most-grown coffee in the world. It is mainly produced in Brazil and Colombia, but there are others. Most notable is the Robusta bean, mainly produced by Asian countries close to the Pacific Sea, such as Vietnam and Indonesia. While Arabica is the bean of choice for the United States, Robusta has more European sales.

Storms and hurricanes have threatened to destroy crops and hurt production in Brazil and Colombia. Still, with forecasts looking wet and prices near all-time highs, it appears reasonable that supply will surpass demand, pushing coffee prices back toward lower levels in the past five years.

Coffee “C” futures (USD per ounce), daily one-year price chart

Source: Infront and Carlsquare. Note: Past performance is not a reliable indicator of future results.

Coffee “C” futures (USD per ounce), weekly five-year share price chart

Source: Barchart. Note: Past performance is not a reliable indicator of future results.

The full name for abbreviations used in the previous text:
EMA 9: 9-day exponential moving average
Fibonacci: There are several Fibonacci lines used in technical analysis. Fibonacci numbers are a sequence of numbers in which each successive number is the sum of the two previous numbers.
MA20: 20-day moving average
MA50: 50-day moving average
MA100: 100-day moving average
MA200: 200-day moving average
MACD: Moving average convergence divergence

Riskit

 
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