I was having a look at the C-price for coffee today, and looking at the recent fluctuations. As I looked at different time spans the data seem decreasingly dramatic. (There’s probably a metaphor for life or something like that in here too.) Â I’ve included the graphs below so hopefully this makes sense:
Intraday Trading today:
Not particularly useful data. Â A little spike, but only of about 1 cent. Â Let’s look at movement across the last 3 months:
This now looks like a dramatic recent spike of over 20 cents per pound. Â A big deal surely? Â Let’s have a look at this in the context of the last year:
I’m not interpreting this data, just presenting it like this because I think it is interesting. Â Suddenly this spike doesn’t look so spikey. Â It seems like a brief blip in a trend downwards. Â In the context of 2 years it looks like this:
I don’t know what this meansÂ but then I’m not sure anyone does. Â This particular jump is likely the result of non-coffee related factors like speculators and the recent announcement of Mr Bernanke at the Federal Reserve. Â I can only imagine how this looks to people who have more than 20 years of experience dealing with this market. Â Perhaps it has some meaning to them.
If this is mildly interesting, and you want a place to keep up with the C then I like this website a lot.