EP 1164 Carley Garner - Hedging Coffee Prices Explained - The Daily Coffee Pro Podcast by Map It Forward
Please note: None of the information in any episode of this podcast constitutes financial advice. This is the 3rd episode of a new five-part series on The Daily Coffee Pro by Map It Forward Podcast, hosted by founder, Lee Safar. Our returning guest in this series is the owner of boutique commodities brokerage, DeCarley Trading, Carley Garner. The focus of this series is the current pricing volatility of the coffee futures market. In this episode of The Daily Coffee Pro by Map It Forward, Lee and Carley delve into the complexities of coffee price volatility and the role of hedging in the coffee futures market. The conversation explores various hedging strategies, the influence of currency fluctuations, and the benefits for both coffee producers and buyers. Learn how producers and traders can use various hedging strategies to mitigate price risks, why it’s crucial to consult professionals, and how currency and fuel costs can impact the coffee industry. 00:00 Introduction to Coffee Hedging 00:25 Sponsorship Message 01:03 Welcome and Series Overview 02:11 Understanding Hedging in Coffee 03:30 Hedging Strategies and Examples 09:46 Real-Life Hedging Scenarios 14:39 Currency and Hedging 17:17 Hedging for Coffee Buyers 19:26 Conclusion and Next Steps 20:13 Closing Remarks Connect with Carley and DeCarley Trading here: Website: https://www.decarleytrading.com/ Instagram: https://www.instagram.com/decarleytrading/ Linkedin: https://www.linkedin.com/in/carleygarner/ Amazon: https://www.amazon.com/stores/Carley-Garner/author/B001KD205O?store_ref=ap_rdr&isDramIntegrated=true&shoppingPortalEnabled=true&linkCode=sl2&tag=carley-20&linkId=466d3232187ba7f7a89e73df1e785b89&language=en_US&ref_=as_li_ss_tl •••••••••••••••••••••••••••••••• Support this podcast on Patreon for a few dollars a month here: https://bit.ly/MIFPatreon The Daily Coffee Pro by Map It Forward Podcast Host: Lee Safar https://www.mapitforward.coffee https://www.instagram.com/mapitforward.coffee https://www.instagram.com/leesafar •••••••••••••••••••••••••••••••• This episode is brought to you by Map It Forward's revised on-demand online workshop "It's Time to Become a Coffee Consultant" available now on our website with additional new bonus material including the coffee consultant career map. Get more details on how you can create an alternative revenue stream today at https://mapitforward.coffee/workshops