Starring the Taylor Gallo in the rare triple play:
Coffee sentiment over the past month has been shaped almost entirely by Brazil. A cold front moving through Rio Grande do Sul, Santa Catarina, and Parana has raised fresh frost risk concerns just as the 2025/26 harvest winds down, a development that briefly lifted prices toward $2.60 per pound from levels closer to $2.50, which had been the lowest since November 2024. Traders are also watching the developing El Nino pattern, with industry analysis suggesting a stronger event could delay the September to October rains that are critical for the 2026/27 flowering period in Brazil, a risk that extends well beyond the current harvest cycle. At the same time, ICE certified arabica stocks have fallen to 396,171 bags, sharply below the 859,389 bags held a year earlier, reinforcing the view that near term physical supply remains tight even as the broader narrative turns bearish.
No comments:
Post a Comment