Coffee
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Started by metmike - Sept. 23, 2018, 1:08 p.m.

Has coffee hit a bottom?

Coffee charts going back 10 years:


The last 7 days:

                

                   



The last month below

     


                   



Coffee 3 months below              

                   


1 Year below

                

                   


Coffee 5 years below                

                   


 Coffee 10 years below

Drought in Brazil in 2014 caused a spike

Drought in Brazil and bad weather globally in 2010 caused the 2011 spike

                

                   

                                    


            

                

Comments
Re: Coffee
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By metmike - Sept. 23, 2018, 1:10 p.m.
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This is where they grow coffee in Brazil(world's biggest producer):


http://www.brasilbar.com/blog/wp-content/uploads/2010/11/coffeeregion.gif



Re: Re: Coffee
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By metmike - Sept. 23, 2018, 1:32 p.m.
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Historical average/seasonal prices.

Coffee frequently displays seasonal weakness in the Summer thru and after the harvest. Flowering season is coming up for the new crop and the long dry season must come to an end, ideally by October as rains are needed to trigger flowering. 

A failure of rains to appear becomes increasingly bullish in October. 

Coffee

Kaffee saisonal

By metmike - Sept. 23, 2018, 1:36 p.m.
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Rains for South America


Increasing chance in early October?



By metmike - Sept. 23, 2018, 1:36 p.m.
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Widespread near record heat from Northern Argentina into Brazil!



                                    


By metmike - Sept. 24, 2018, 6:48 p.m.
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Increase in rains for the week 1 forecast hit coffee today. This would trigger some very early flowering.


Forecast Hour:  180
Image URL: http://mag.ncep.noaa.gov/data/gfs/18/samer/precip_ptot/gfs_samer_180_precip_ptot.gif

   

gfs_samer_180_precip_ptot.gif