The coffee market has experienced its first bout of price vertigo stemming from a lack of liquidity within the cash market from bankruptcies and bank credit line withdrawals etc. that is forcing hedge books to be unwound, a reduction in cash coffee inventories adding short term supply and an unwillingness of buyers to aggressively bid for coffee. A money problem happens in markets periodically when markets have historic moves as coffee has seen and it may take time to rework the plumbing of the industry.
Under the surface however the market has chosen to ignore the building drought in core Brazil coffee areas that is showing no signs of abating at a key bean formation stage. Actual rainfall since Feb 1st through the models forecasting period would see the lowest rainfall amount since 1980. All models are in agreement. Our work indicates that a powerful La Nina Modoki (warmer east pacific sst's versus colder central pacific sst's) currently in place will remain and maintain this dry pattern at least through the end of March.
Once the current liquidity issues in the coffee market subside the reality of what this weather situation means for reduced coffee production expectations in Brazil may take center stage for a new wave of enhanced price discovery. Time will tell.
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MIP Markets: "Corn Is a Ship at Sea Without a Rudder" Casey & Shawn Hackett discuss hurricanes, volatile corn markets, soybean yields 🌱, and protein demand 🥩
📺 Watch: https://t.co/OQo19f1kyp
🎧 Listen: https://t.co/R5jdK0TxmU
@AxonTire @AgDirect @IronSolutions @FusableData #
🚨🚨MAKE IT GO VIRAL!
“They are literally allowing this people to fvcking die in the mountains right now because we can’t get helicopters.”
Jonathan Howard with the Florida State Guard Special Mission Unit who is assisting Aerial Recovery says they desperately NEED helicopters.
🚜 Impact of Helene on US Cotton w/ Shawn Hackett
🎧 Listen: https://t.co/GcwfEYRJh7
🎥 Watch: https://t.co/82OCUAhdGC
Hosted by @casey9673
Presented by @AxonTire @AgDirect @IronSolutions @FusableData@EDAdata
BREAKING: The United States military is sending "additional" U.S. troops to the Middle East according to CNN.
The development comes just weeks after Kamala Harris claimed there is "not one" active duty member in a combat zone.
Pentagon Press Secretary General Patrick Ryder released the following statement:
"In light of the increased tensions in the Middle East, and out of an abundance of caution, we are sending a small number of additional US military personnel forward to augment our forces that are already in the region."
It's unclear exactly how many troops are being deployed.
BREAKING: RFK Jr. just announced that on day one of Trump's 2nd term, they will sign a national emergency declaration to begin the war against Big Pharma and food corporations to fight the chronic disease epidemic
"We're going to get the fluoride out of the water. We're going to get the chemicals out of the food. We're going to get the chemtrails out, the chemicals out of the chemtrails."
We really will see the greatest revival in American history once the corruption is cleaned up. Can we just skip to January 20th, 2025 already?
This is still one of my favorite political ads that has come out this cycle
Hung Cao is running a phenomenal campaign for Virginia's U.S. Senate. If Trump wins the state, Cao will win the senate race as well