Futures news, coffee. USDA report on previous years and forecast for the season of 2012/2013, has bearish colouring. Its most significant data as a comparison of seasons 2011/2012 and 2012/2013:
As the report shows, production is expected to rise by 7.5%, and export – by 6.4%. At the same time, demand drops either due to market saturation (it has increased by 15% during last 5 years) or global economic crisis.
Though, according to the Analytics Team of Commodity Trading Department of Masterforex-V Academy, rainfall in Latin America adds unrest.
On the one hand, dry weather is desired for harvesting in Brazil. On the other hand, rain is needed for next season’s yield; however, too much rain can do harm to both, current and future, yield.
