Summary
Coffee's next move hangs on whether Brazil can actually deliver against Dec. Exports are strong and Good Cup differentials have widened toward tenderable parity, but firm Fine Cup diffs suggest that quality differentials are still tight. With certified and destination stocks this low, if that coffee doesn't reach the board, don’t expect Z/H to go into carry.
Subscribe to read the rest.
Become a paying subscriber of our Premium or Basic Package to get access to this post and other subscriber-only content.
UpgradeA subscription can get you:
- Full Weekly Comment with all charts
- Full Monthly Coffee Report
- Weekly Technical Analysis
- Full Monthly Additional Commodity Report
- Cross-commodity Outlook
- Complete Datasets and Proprietary Market Indicators
