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Tag Archives | Coffee

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Bull Trend Continues on Tightening Robusta Supply

Coffee continues to receive bullish supply news, but remains overbought and a bit vulnerable to a pullback. A major Vietnamese trade group forecast their nation’s 2016-17 coffee output to fall more than 20% versus last season, which is on the upper end of production decline forecasts. However, they also forecast that current coffee stockpiles are […]

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Coffee In a Position for Minor Bounce but not Much More

December coffee bounced off of a 5-week low on Friday and rallied. For the week, December coffee finished with a modest gain. Brazil’s top Robusta producing state could see below average rains in October according to local forecasters. A representative from the Incaper Institute said that coffee flowering in Robusta areas has been weak so […]

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Coffee’s Reversal Plus Overbought Condition Opens Door for Selling

Coffee’s abrupt change in fortune yesterday came while post-FOMC meeting global risk appetites remained fairly positive. This may not bode well as the market is looking increasingly vulnerable to a near-term technical correction. The sweeping reversal from a 16-month high is a bearish technical development. A weaker dollar provided early support along with supply concerns […]

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Short-Term Coffee Trend Turning Down as Supply Concerns Ease

September coffee was unable to sustain an early recovery rally yesterday but managed to regain strength late in the day to finish with a modest gain. Harvest weather over Brazilian growing regions has been near-ideal over recent weeks while Colombia’s truckers strike has been resolved, which should keep coffee flowing from 2 of the world’s […]

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