Over the last week, there has been a lot of market chatter concerning potential frost and subsequent damage to the Brazil coffee crop. Within one week, coffee for Sepember delivery went from below 1.13 last Wednesday to 1.19 on Monday, and are now trading around the 1.17 mark on the NYBOT. Weather Trends International expects [...]
This morning, the Hurricane forecasting team at Colorado State University (Bill Gray) officially reduced their numbers for tropical storms in the Atlantic Basin for the 2007 season. The CSU group is now calling for 15 tropical storms, 8 hurricanes and 4 major hurricanes. This is down from their May 31 forecast, which was calling for [...]
The most recent crop progress report released by the National Agriculture Statistics Service (NASS) indicates that many crops are in good condition as of late July. For the week ending on July 29th, NASS indicates that all surveyed crops had higher percentages of good and excellent ratings as compared to conditions for the same week [...]
Following last week’s rain in Brazil’s primary sugar region, the return to a drier seasonal pattern in the Centre-South, is allowing growers to resume their normal harvest of sugarcane. According to UNICA, the Centre-South harvest of the 2006/07 crop is now 40% complete. A little moisture throughout the C-S should be expected over [...]
