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Colombia's delayed mid-crop coffee harvest is starting, with the federation expecting about 6.06 million 60-kg bags, down 6.9% year on year. La Niña rains and cloud cover disrupted flowering.
Coffee prices are at record highs.
Lower Colombian output tightens the arabica market, but coffee is not a feed commodity, so the effect on animal-feed buyers is negligible.
stonex.comDiana DelgadoApr 30, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
