New York

A big move in NY and the market was down 23.25 c/lb. on the week (-10.71%).  Given the size of the move it is surprising that the open interest (OI) through to close of business on Thursday was only down -158 lots.  Volume was higher than last week but remains lower in the weeks approaching the May’24 options expiry.  Both the spread and outright volume picked up significantly.

London

The moves in London were proportionally larger, the Jul24 contract was down by -610 / MT on the week (-14.70%).  Open Interest declined significantly during the course of the week indicating participants leaving the market -7,159 lots (-8.10 %).  Total volume in the market increased, driven by the outright volume however the spread volume was down on the previous week. 

Commitment Of Traders

New York

The managed money this week reduced their net long by -308 lots. (+365 lots long and +673 lots short) taking their total net position down to 69,648 lots. At the same time -9 trades left on the long side and 4 traders joined on the short side.  Their total net position still remains within the upper limits of historical levels over the last three years.   

The producer merchants reduced their net short position by 5,179 lots (- 463 lots long and -5,462 lots short) making their net short position -61,317 lots short.  As the PM short was reduced (theoretically the hedge by PM of a physical purchase from origin) it is reasonable to believe that Origin / producers have been slow to respond to this move.

It is important to remember that since the COT numbers were officially published the market has come off 15.90 c/lb.  At the same time OI only fell by -584 lots.  Given the size of the move and the speed this is surprising as it indicates not many participants are leaving the market. The OI figures for close of business Friday are not yet published.

London

The managed money reduced their position by -517 lots (-961 lots long and -444 lots short making their net position + 31,005 lots.  The reduction of this position over the last 4 weeks put them within normal parameters/ levels over the last three years. Net 1 Managed Money trader joined on the long side and -1 left the short side. 

At the same time the producer merchants reduced their net short position by +1,164 lots (-1,306 lots long and -2,470 lots short) making their net short position -41,387 lots.  Again, the implication being that industry had not responded in size to the move lower as per the COT reporting cut off.

In comparison with the same time last year both the PM long and short remain well behind where they were last year, it also has to be taken into consideration that last year was already exceptional.

Again since the COT numbers cut off we have moved $-480 / MT and the open interest through to Thursday declined by -4.692 lots.  At the same time with the exception of Thursday volumes were not especially elevated. 

So, you've decided to elevate your office coffee game with a shiny new fully automated coffee machine—nice choice! But before you hit that 'buy now' button, let's brew over some important considerations.

First things first: cleanliness is key, especially when it comes to parts that are in contact with milk. Make sure these components are not only easy to clean but are cleaned regularly.  The problems associated with off milk range from a sour taste to the risk of food poisoning, and even a small portion of contaminated milk can swiftly taint a fresh batch, affecting the entire supply.

Next up, let's talk time. Important guests are in the building, and they're craving their morning fix of coffee. You'll want a machine that can whip up delicious brews in a timely manner, ensuring your visitors are well take ncare of and impressed.  Maybe two smaller machines are better than one. 

Two machines also allows for choice /different offerings.  For example Oat milk offers numerous benefits over dairy milk, including being dairy-free, lactose-free, and suitable for vegans, contributing to its rapid adoption rate in the UK.  One machine can be st up for dairy and one for milk.

Now, onto maintenance. Trust me, you don't want your designated cleaner-upper spending hours tinkering with complicated machinery. Keep it simple, folks! Regular maintenance is crucial for keeping your coffee machine humming like a happy little bean.

In conclusion, investing in a fully automated coffee machine for your office is a smart move, but it's all about the details. Keep things clean, ensure speedy service for those VIP moments, and make maintenance a breeze. With the right machine and a little TLC, your office will be buzzing with productivity and perfectly brewed coffee in no time. Cheers to that!

In the intricate dance of business, projecting an image of quality and value isn't just important—it's paramount. Whether you're wooing prospective customers, charming financiers, nurturing relationships with suppliers, or boosting staff morale, every interaction counts. And what better way to leave a lasting impression than with a cup of coffee?

During a company visit, the moment a visitor is handed a cup of coffee is often the only tangible gesture of hospitality. But here's the kicker: if that coffee is exceptional, it's not just about the taste—it's about the experience. Studies, reveal that when someone receives a thoughtful gesture, like a superb cup of coffee, they're more likely to respond positively.

Moreover, on a deeper level, the quality of that coffee sends a clear message: you're valued, respected, and worth the best. It's about conveying that every individual matters.

So, whether it's impressing clients, securing investment, fostering supplier relationships, or boosting team spirit, never underestimate the power of quality, value, and freshness—served up in a steaming cup of success.

Studies consistently demonstrate that employees are more likely to remain loyal and engaged when they feel valued and comfortable in their workspace. Quality environments not only foster a sense of belonging but also minimize distractions, leading to enhanced focus and productivity. Scientific surveys underscore the importance of well-designed offices, showcasing their ability to motivate teams to tackle challenges with enthusiasm.

Freshly roasted coffee, brewed through a top-notch machine, can significantly contribute to a high-quality office environment. With approximately 80% of the UK populace enjoying coffee regularly, investing in a premium coffee setup isn't just a perk—it's a necessity. A steaming cup of quality coffee doesn't just provide a caffeine boost; it fosters social interactions, encourages brief breaks that recharge the mind, and creates a welcoming atmosphere where colleagues can bond and collaborate.

Moreover, research conducted by the US Army in a study published in the journal "Military Medicine" highlighted the cognitive benefits of coffee for alertness and concentration. The study found that caffeine consumption, equivalent to about two cups of coffee, significantly improved cognitive performance, particularly in tasks requiring sustained attention and vigilance. This underscores the role of quality coffee in enhancing mental acuity and productivity in the workplace.

Incorporating top-quality coffee into the office culture isn't just about satisfying caffeine cravings; it's about nurturing an environment where employees feel valued, motivated, and inspired to do their best work. With the right blend of a conducive workspace and the aromatic allure of quality coffee, businesses can truly brew success.

A brief recap of the price development of green coffee in the futures market in NY (Arabica) and London (Robusta).