Posts Tagged ‘brazil’

Coffee to the Upside on Brazilian Crop Speculation

by Christopher Lemieuxon January 9, 2014 5:30 am BST
Coffee futures traders are speculating that the soft commodity is approaching bull market territory as signs of a smaller crop out of Brazil due to bad weather. In the case of sugar and corn, rain is the cause of larger than expected crops, but the heavy rains in December are expected to cut the  arabica […]

Sugar Producers Selling into a Five-Week Low

by Christopher Lemieuxon November 7, 2013 8:14 pm BST
Sugar is at a five-week low due to speculation that Brazil and India, the largest sugar growers, will increase sales due to their currencies weakening against the dollar – the primary currency for international trade. Nearly 921,093 metric tons of raw sugar is waiting to be loaded in Brazilian ports and headed to China and […]

Cocoa and Sugar Decline with Ongoing Stockpiles

by Christopher Lemieuxon November 2, 2013 4:18 am BST
Ample supplies from West African harvests and curbed demand strike down cocoa as prices retreat of yearly highs. According to New York Stock Exchange Liffe reports, cocoa stockpiles have increased 19 percent in the past two weeks to 60,210 metric tons.  The Ivory Coast, world’s largest producer, is expected to harvest 1.4 million tons which […]

Coffee In Longest Slump Since ’72

by Christopher Lemieuxon October 29, 2013 8:01 pm BST
Larger than expected coffee crops out of Brazil has driven futures to the largest slump since 1972. Brazil is the largest producer of coffee and has experienced high precipitation that have allowed coffee plants to flower multiple times. Soil moisture is increasing in Columbia, as well. This large harvest will exceed global coffee demand for […]