Coffee Trading Academy

In this episode of the Coffee Trading Academy Podcast, Chief Analyst Ryan Delany and Coffee Analyst Igor Bragato discuss the outlook for the coffee market as Brazil approaches what could be a record crop of around 73 million bags.

They examine how rising supply could rebuild global stocks, impact certified inventory, and potentially shift the market from backwardation back to contango after several years of tight supply. The discussion also covers the relationship between the US dollar and coffee prices and the current macro backdrop affecting commodities.

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Hey and Welcome back to "The Coffee Trading Academy" podcast, where we discuss the global coffee market with some of the greatest commodity trading minds of the industry. Today, we have the privilege of hosting Dave Behrends, the head of trading at Sucafina.

Dave's reputation as a trader started gaining worldwide attention at the famous commodity tradehouse, Noble, where he worked for more than a decade. He was the Global Head of the Coffee Division there for several years where he gained a reputation for being a confident fundamental trader who made strong profits.

Since 2015, he has been the Head of Trading at Sucafina, one of the top coffee tradehouses in the world and is widely regarded in the industry as one of the top global experts in physical coffee trading, prop trading and coffee price prediction.

In this episode we discuss the hot topics in coffee fundamentals right now including calendar spreads, stock levels and global demand. We also tap into his mentoring experience and talk about the mid-career coffee trader and how to elevate yourself into the top echelons. Finally, we end with our famous Coffee Crystal Ball where Dave gives his insight into where the volatile coffee prices are headed next.
Ladies and gentlemen, without further adieu, the one and only, Dave Behrends.

Hey and Welcome back to "The Coffee Trading Academy" podcast, where we discuss the global coffee market with some of the greatest commodity trading minds of the industry.

Today, we have a chat with one of the great connectors of the coffee trading world, Mr. Andrew Kerr.

Andrew is the founder of the renowned recruiting group OCR Commodities. I was keen to do this interview because Andrew has a very unique perspective on what it takes to succeed as a commodity trader.

Not only has Andrew worked as a trusted advisor to some of the best commodity trading firms in the world, placing traders in key roles at all levels of the industry; he also worked for nearly 20 years as a floor trader.

The trading pits have a certain mystique for those of us who started after the conversion to electronic trading. Mr Kerr spent many years on the floor of those legendary trading pits beginning in 1992, both trading his own book, and brokering trades for others.

nearly two decades later Andrew pivoted to the recruitment space when he launched OCR Commodities that has grown to be a leader in the field.

The combination of Andrew's experience in trading, consulting and recruiting gives him a unique perspective on what makes a successful trader. He was not only mentored by great traders in the trading pits, but he has also placed traders of all levels in positions at top companies. Over the last 15 years, he has made it his business to observe what traits are essential to rise to the top.

So whether you are looking for tips to break into the industry or you are a seasoned veteran looking for war stories and insights, pull up a chair and listen in as we discuss the market, the trade and lessons learned. Ladies and gentlemen, without further adieu, Andrew Kerr.

We are going to kick off our January 2025 by analyzing the historic year of 2024 when coffee rallied to record highs.

We will dissect the 3 rallies we witnessed last year, as well as the all important context that led up to the record-breaking prices. Finally, we will share with you our lessons learned from 2024 and what signals we need to watch out for in 2025.

We have had a dramatic first half of the year with prices dipping below 180c, rallying up above 250c, back below 200 and now rallying again. In this episode, we break down the recent price fluctuations, the significant role of certified inventories in the inversion and calendar spread crisis, the weather problems in Vietnam and now bean size issues in Brazil.

We’ll also touch on some of the latest crop reports for these two origins and what these developments mean for coffee prices.