Today’s Yield from the Coffee Field—Dry Brazil weather stays dry, creates favorable conditions for harvest

September 24, 2014

CEO of Excelso Coffee, Ed Field, reveals all the factors that go into each perfect cup of Field Coffee and Tea.

With the Brazilian weather staying dry, which is good for the harvest, the bulls seem to be exerting their muscle. Yesterday, the December coffee contract closed up 150 points, but was nearly 400 points higher at midday. Today the market started fairly flat. But around 9:45 a.m., strong buying came to the market, which rose about 800 points in less than 15 minutes to a high of 189.90 points. The market closed up 820 points at $1.8910.

A Sept. 24, 2014 report by Meteorlogix, which predicts “mostly favorable conditions for harvest during the next five days. More rain will be needed during the coming months to support flowering of the new crop.” Although this weather report indicates dry weather for the next five days, rain early next week, if in great quantities, could make the market turn around. If the weather continues to be dry, we will see much higher prices.

Read the Sept. 24, 2014 article, “SAO PAULO AND MINAS GERAIS.”

Today’s Yield from the Coffee Field—Predictions about low yield skyrocket prices

September 16, 2014

CEO of Excelso Coffee, Ed Field, reveals all the factors that go into each perfect cup of Field Coffee and Tea.

Today the December coffee contract opened down and tried to break through $1.81, where it had found support in three out of the past four days. At about 9:30 a.m., about three quarters of an hour before the attached article was released, the market moved quickly upwards. It climbed 690 points in 75 minutes, up to 187.95, probably hitting several buy stops on the way up. (Dare we say insider information.) Then traders started to digest the report and determined maybe the situation is not as bad as anticipated. December closed up 305 points at 185.25. Maybe tomorrow we will try to break through 1.81 again.

This Sept. 16, 2014 report released on the Dow Jones Newswire about the gain by arabica-coffee futures after predictions about the low yield in Brazil. “Brazil’s worst drought in decades raised worries about the size and quality of production this year, sending prices to a more than two-year high.”

Read the “DJ Arabica-Coffee Future Gain After Brazilian Forecast” article from the Dow Jones Newswire.