Brazilian farmers hold out for higher #coffee prices

Brazilian coffee farmers see current prices as insufficient to cover costs and have no intention of selling at the moment, despite a looming record crop, producers and market experts told Reuters.

Short coffee?

Short coffee

Among soft commodities, arabica coffee futures rediscovered forward gears, rebounding 1.7% to 120.90 cents a pound for May delivery, for the first positive session in five.

Headway was helped by a stronger real, which gained 0.6% against the dollar, so boosting the value of assets in which Brazil is a major trading force.

Furthermore, bulls were encouraged by data showing a jump in open interest on Wednesday of 7,519 contracts to 230,077 contracts – fresh positions which, in a falling market, would appear to be short bets.

This provoked ideas of something of an overhang of short coffee bets, with many taken out at low prices, making them vulnerable to any rise in prices.

Brazil’s CooxupĂ©, the world’s largest coffee growers’ co-operative of coffee farmers, forecast that its exports of the bean will grow by 8% to 4.4m bags in 2018, bolstered by rising production.

CooxupĂ©’s chief executive, Carlos Paulino da Costa, told Reuters that the co-operative was expecting deliveries of 6m bags of coffee from its farmers in 2018, up from 4.7m bags last year.

Associated farmers’ total output, including coffee sold elsewhere, will reach 8.4m bags, up from 6.7m bags in 2017.



#Crypto mining projected y-o-y return @ HashFlare, weekly update

Profitability is off sharply from last week (2/2/2018)

TODAY IN ENERGY: U.S. energy-related CO2 emissions expected to rise slightly in 2018, remain flat in 2019


Energy Information
                    Administration (EIA) Logo - Need Help? 202-586-8800

TODAY IN ENERGY: Thursday, February 8, 2018

U.S. energy-related CO2 emissions expected to rise slightly in 2018, remain flat in 2019

EIA estimates that U.S. energy-related carbon dioxide (CO2) emissions declined by 861 million metric tons (14%) from 2005 to 2017. In the latest Short-Term Energy Outlook, EIA projects that CO2 emissions will rise 1.8%, from 5,143 million metric tons in 2017 to 5,237 million metric tons in 2018, then remain virtually unchanged in 2019. In 2019, energy-related CO2 emissions will be about 13% lower than 2005 levels.

See graph and

Today in Energy, published every weekday, brings you short, timely articles with graphics on energy facts, issues, and trends. Questions, comments, story suggestions? Email us at todayinenergy@eia.gov.

Now you can publish or promote Today in Energy content on your website. Go to our outreach page for banners and badges, and to find widgets with the code that pull each day's Today in Energy


BOUGHT 100 $VXX @ 51


SOLD 100 $VXX @ 52.0911


Twitter Feed

Follow by Email