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Any thoughts on the Market?
Posted:
Fri Jul 09, 2004 10:59 amby mattmills
Dear All,
I was wondering if anyone has been following the market lately? There are so many conflicting opinions from around the world, with eath one trying to protect their own objectives.
If anyone has some open thougths i would love to hear them.
Matthew
Posted:
Fri Jul 09, 2004 12:16 pmby Danny
Did I miss something? What market do you mean?
Posted:
Fri Jul 09, 2004 12:30 pmby Steve
Our local car boot has gone rubbish recently full of junk
Posted:
Fri Jul 09, 2004 1:42 pmby phil
And why is this in the non-members' forum?
Posted:
Fri Jul 09, 2004 2:53 pmby mattmills
Sorry guys i was refering to the Coffee Markets NYC and LIFFE......
I put in the General as i thought some non members might like to comment.
Posted:
Fri Jul 09, 2004 4:45 pmby ianboughton
The LIFFE is the one Guinness is made from, isn't it?
-IanB
Posted:
Fri Jul 09, 2004 5:42 pmby mattmills
lol
Posted:
Mon Aug 02, 2004 10:51 pmby Guest
mattmills wrote:Sorry guys i was refering to the Coffee Markets NYC and LIFFE......
I put in the General as i thought some non members might like to comment.
Take a look at the LIFFE web site. Robusta coffee futures were down from between 0.4% and 1% today, depending on delivery date.
September futures are trading at USD661/tonne - this works out at GBP361/tonne or 36.1p per kilo.
I didn't see any futures for arabica coffee. I guess our friendly admin won't be trading robusta futures...
Cheers
John
Posted:
Tue Aug 03, 2004 12:21 pmby mattmills
If you want to see both NYC and LIFFE i can recommend Futuresource.com, pretty good, free, but it is an hour delayed.
I wasnt surprised to see the market fall again these past few weeks, the resurgence of the past few months, i believe to be a bit naive. However, i am intrigued to hear peoples thoughts on the coming months, after the release of the Brazilian figures.
Posted:
Wed Aug 04, 2004 10:08 pmby tisri
I read an article in the FT today about a hedge fund that was buying up coffee futures, both robusta and arabica. Apparently they were creating an investment fund specialising in coffee. The gist of it was that the price got hyped, they took physical delivery of a fairly small amount of coffee (relatively speaking, of course) and the bottom fell out of the market again.
Posted:
Sat Jan 15, 2005 10:39 amby Sunnyfield
Maybe I can try to post a chart. It has risen a lot. And we should be happy with that as it will be good for diversity.
Posted:
Sat Apr 09, 2005 7:59 pmby Guest
Dear all,
You can state that the coffee market is overbought by funds. Apparently they are holding on to 40000 lots of coffee on NY'c' market (1 lot equalling 17010 kg). Frost season is starting very soon, so they will probably hold on to this position untill august. There's still enough coffee around!
Posted:
Sun Apr 10, 2005 8:46 pmby Steve
I've given up trying to work out the markets, but for those who are interested a book called uncommon Grounds is a great journey through history and the up and down of the coffee market.
Posted:
Wed Apr 13, 2005 9:46 amby ivdp
Anonymous wrote:Dear all,
You can state that the coffee market is overbought by funds. Apparently they are holding on to 40000 lots of coffee on NY'c' market (1 lot equalling 17010 kg). Frost season is starting very soon, so they will probably hold on to this position untill august. There's still enough coffee around!
For whom?
Low grade and old coffees are indeed in ample supply.
Fresh, good quality coffees are difficult to come by and expensive.
Try find me a couple of 100 tons Grade 1 African robusta's for nearby delivery, and I don;t mean the terminal market coffees . . .
Of course these small facts do not influence the terminal markets in a big way.
He who knows what the markets will do in the next coming months will be the surprise millionaire of the 21st century . . .
Ivo