{"id":47493,"date":"2023-02-16T19:58:20","date_gmt":"2023-02-16T22:58:20","guid":{"rendered":"https:\/\/safras.com.br\/?p=47493"},"modified":"2023-02-16T19:58:20","modified_gmt":"2023-02-16T22:58:20","slug":"inverted-market-hinders-maintenance-of-positions-and-locks-deals-with-the-new-coffee-crop","status":"publish","type":"post","link":"https:\/\/safras.com.br\/eng\/inverted-market-hinders-maintenance-of-positions-and-locks-deals-with-the-new-coffee-crop\/","title":{"rendered":"Inverted market hinders maintenance of positions and locks deals with the new coffee crop"},"content":{"rendered":"\n<p>     The inverted market in New York ends up implying a lower price for the September and December 2023 maturities compared to the spot position (May\/23), which hinders business with the new crop. In financial terms, it is not worth keeping the position for long. The future price is lower than the current one. On the growers\u2019 side, the lowest price offered for future crops ends up taking away the selling interest. The positive dollar curve slightly alleviates the impact of the negative coffee spread on ICE US, but not to the point of offsetting losses on the futures exchange. Thus, bids remain below the physical market indications.<\/p>\n\n\n\n<p>      The fact is that Brazil\u2019s 2023 crop is already close, and the seller\u2019s short stance makes room for possible seasonal frictions because of the arrival of new coffee in the market. Within a scenario of potential behavior change on ICE US along with a greater selling need by growers, the negative pressure on physical prices may intensify at the crop arrival.<\/p>\n\n\n\n<p>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Moreover, growers are more vulnerable this season than in previous years due to the lower percentage of future crop sales. So, even with a price lower than that practiced in the physical market, sellers should remain attentive to opportunities for setting prices with the new crop, perhaps seeking to take advantage of the recent rally. The focus for decision-making must be based on margin protection, thereby diluting the risk of possible future price lows. The strategy is to reduce exposure at the crop arrival, facilitating better management of the commercial flow in the remainder of the season.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The inverted market in New York ends up implying a lower price for the September and December 2023 maturities compared to the spot position (May\/23), which hinders business with the new crop. In financial terms, it is not worth keeping the position for long. The future price is lower than the current one. On the [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":64256,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[105],"tags":[],"commodity":[],"class_list":["post-47493","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-eng"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Inverted market hinders maintenance of positions and locks deals with the new coffee crop - SAFRAS &amp; Market<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Inverted market hinders maintenance of positions and locks deals with the new coffee crop - SAFRAS &amp; Market\" \/>\n<meta property=\"og:description\" content=\"The inverted market in New York ends up implying a lower price for the September and December 2023 maturities compared to the spot position (May\/23), which hinders business with the new crop. In financial terms, it is not worth keeping the position for long. The future price is lower than the current one. On the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/safras.com.br\/eng\/inverted-market-hinders-maintenance-of-positions-and-locks-deals-with-the-new-coffee-crop\/\" \/>\n<meta property=\"og:site_name\" content=\"SAFRAS &amp; Market\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-16T22:58:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/safras.com.br\/eng\/wp-content\/uploads\/2021\/03\/cafe-graos-38-1-4.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"sf_lessandro\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"sf_lessandro\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/safras.com.br\/eng\/inverted-market-hinders-maintenance-of-positions-and-locks-deals-with-the-new-coffee-crop\/\",\"url\":\"https:\/\/safras.com.br\/eng\/inverted-market-hinders-maintenance-of-positions-and-locks-deals-with-the-new-coffee-crop\/\",\"name\":\"Inverted market hinders maintenance of positions and locks deals with the new coffee crop - SAFRAS &amp; Market\",\"isPartOf\":{\"@id\":\"https:\/\/safras.com.br\/eng\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/safras.com.br\/eng\/inverted-market-hinders-maintenance-of-positions-and-locks-deals-with-the-new-coffee-crop\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/safras.com.br\/eng\/inverted-market-hinders-maintenance-of-positions-and-locks-deals-with-the-new-coffee-crop\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/safras.com.br\/eng\/wp-content\/uploads\/2021\/03\/cafe-graos-38-1-4.jpg\",\"datePublished\":\"2023-02-16T22:58:20+00:00\",\"author\":{\"@id\":\"https:\/\/safras.com.br\/eng\/#\/schema\/person\/ec8125d0f51728549dac5a818b844668\"},\"breadcrumb\":{\"@id\":\"https:\/\/safras.com.br\/eng\/inverted-market-hinders-maintenance-of-positions-and-locks-deals-with-the-new-coffee-crop\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/safras.com.br\/eng\/inverted-market-hinders-maintenance-of-positions-and-locks-deals-with-the-new-coffee-crop\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/safras.com.br\/eng\/inverted-market-hinders-maintenance-of-positions-and-locks-deals-with-the-new-coffee-crop\/#primaryimage\",\"url\":\"https:\/\/safras.com.br\/eng\/wp-content\/uploads\/2021\/03\/cafe-graos-38-1-4.jpg\",\"contentUrl\":\"https:\/\/safras.com.br\/eng\/wp-content\/uploads\/2021\/03\/cafe-graos-38-1-4.jpg\",\"width\":900,\"height\":600,\"caption\":\"cafe graos (38)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/safras.com.br\/eng\/inverted-market-hinders-maintenance-of-positions-and-locks-deals-with-the-new-coffee-crop\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/safras.com.br\/eng\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Inverted market hinders maintenance of positions and locks deals with the new coffee crop\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/safras.com.br\/eng\/#website\",\"url\":\"https:\/\/safras.com.br\/eng\/\",\"name\":\"SAFRAS &amp; Market\",\"description\":\"The Agribusiness Ecosystem\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/safras.com.br\/eng\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/safras.com.br\/eng\/#\/schema\/person\/ec8125d0f51728549dac5a818b844668\",\"name\":\"sf_lessandro\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/safras.com.br\/eng\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/9788bdbedbaf095dc83343c438c6a8a110b518a39c3507a8081e1d0bb4954def?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/9788bdbedbaf095dc83343c438c6a8a110b518a39c3507a8081e1d0bb4954def?s=96&d=mm&r=g\",\"caption\":\"sf_lessandro\"},\"url\":\"https:\/\/safras.com.br\/eng\/author\/sf_lessandro\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Inverted market hinders maintenance of positions and locks deals with the new coffee crop - SAFRAS &amp; Market","robots":{"index":"noindex","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"en_US","og_type":"article","og_title":"Inverted market hinders maintenance of positions and locks deals with the new coffee crop - SAFRAS &amp; Market","og_description":"The inverted market in New York ends up implying a lower price for the September and December 2023 maturities compared to the spot position (May\/23), which hinders business with the new crop. In financial terms, it is not worth keeping the position for long. The future price is lower than the current one. On the [&hellip;]","og_url":"https:\/\/safras.com.br\/eng\/inverted-market-hinders-maintenance-of-positions-and-locks-deals-with-the-new-coffee-crop\/","og_site_name":"SAFRAS &amp; Market","article_published_time":"2023-02-16T22:58:20+00:00","og_image":[{"width":900,"height":600,"url":"https:\/\/safras.com.br\/eng\/wp-content\/uploads\/2021\/03\/cafe-graos-38-1-4.jpg","type":"image\/jpeg"}],"author":"sf_lessandro","twitter_card":"summary_large_image","twitter_misc":{"Written by":"sf_lessandro","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/safras.com.br\/eng\/inverted-market-hinders-maintenance-of-positions-and-locks-deals-with-the-new-coffee-crop\/","url":"https:\/\/safras.com.br\/eng\/inverted-market-hinders-maintenance-of-positions-and-locks-deals-with-the-new-coffee-crop\/","name":"Inverted market hinders maintenance of positions and locks deals with the new coffee crop - SAFRAS &amp; Market","isPartOf":{"@id":"https:\/\/safras.com.br\/eng\/#website"},"primaryImageOfPage":{"@id":"https:\/\/safras.com.br\/eng\/inverted-market-hinders-maintenance-of-positions-and-locks-deals-with-the-new-coffee-crop\/#primaryimage"},"image":{"@id":"https:\/\/safras.com.br\/eng\/inverted-market-hinders-maintenance-of-positions-and-locks-deals-with-the-new-coffee-crop\/#primaryimage"},"thumbnailUrl":"https:\/\/safras.com.br\/eng\/wp-content\/uploads\/2021\/03\/cafe-graos-38-1-4.jpg","datePublished":"2023-02-16T22:58:20+00:00","author":{"@id":"https:\/\/safras.com.br\/eng\/#\/schema\/person\/ec8125d0f51728549dac5a818b844668"},"breadcrumb":{"@id":"https:\/\/safras.com.br\/eng\/inverted-market-hinders-maintenance-of-positions-and-locks-deals-with-the-new-coffee-crop\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/safras.com.br\/eng\/inverted-market-hinders-maintenance-of-positions-and-locks-deals-with-the-new-coffee-crop\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/safras.com.br\/eng\/inverted-market-hinders-maintenance-of-positions-and-locks-deals-with-the-new-coffee-crop\/#primaryimage","url":"https:\/\/safras.com.br\/eng\/wp-content\/uploads\/2021\/03\/cafe-graos-38-1-4.jpg","contentUrl":"https:\/\/safras.com.br\/eng\/wp-content\/uploads\/2021\/03\/cafe-graos-38-1-4.jpg","width":900,"height":600,"caption":"cafe graos (38)"},{"@type":"BreadcrumbList","@id":"https:\/\/safras.com.br\/eng\/inverted-market-hinders-maintenance-of-positions-and-locks-deals-with-the-new-coffee-crop\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/safras.com.br\/eng\/"},{"@type":"ListItem","position":2,"name":"Inverted market hinders maintenance of positions and locks deals with the new coffee crop"}]},{"@type":"WebSite","@id":"https:\/\/safras.com.br\/eng\/#website","url":"https:\/\/safras.com.br\/eng\/","name":"SAFRAS &amp; Market","description":"The Agribusiness Ecosystem","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/safras.com.br\/eng\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/safras.com.br\/eng\/#\/schema\/person\/ec8125d0f51728549dac5a818b844668","name":"sf_lessandro","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/safras.com.br\/eng\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/9788bdbedbaf095dc83343c438c6a8a110b518a39c3507a8081e1d0bb4954def?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9788bdbedbaf095dc83343c438c6a8a110b518a39c3507a8081e1d0bb4954def?s=96&d=mm&r=g","caption":"sf_lessandro"},"url":"https:\/\/safras.com.br\/eng\/author\/sf_lessandro\/"}]}},"_links":{"self":[{"href":"https:\/\/safras.com.br\/eng\/wp-json\/wp\/v2\/posts\/47493","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/safras.com.br\/eng\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/safras.com.br\/eng\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/safras.com.br\/eng\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/safras.com.br\/eng\/wp-json\/wp\/v2\/comments?post=47493"}],"version-history":[{"count":0,"href":"https:\/\/safras.com.br\/eng\/wp-json\/wp\/v2\/posts\/47493\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/safras.com.br\/eng\/wp-json\/wp\/v2\/media\/64256"}],"wp:attachment":[{"href":"https:\/\/safras.com.br\/eng\/wp-json\/wp\/v2\/media?parent=47493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/safras.com.br\/eng\/wp-json\/wp\/v2\/categories?post=47493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/safras.com.br\/eng\/wp-json\/wp\/v2\/tags?post=47493"},{"taxonomy":"commodity","embeddable":true,"href":"https:\/\/safras.com.br\/eng\/wp-json\/wp\/v2\/commodity?post=47493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}