Re: Brazil represents 41.08% and Honduras 47.21% of ICE Stocks coffee total, pending bags 98.7k
Hi. Brazil typically does not deliver on ICE because of the discount to settlement that they have assigned to that origin. Usually hedged position are exchanged for physical so that the seller receives a satisfactory premium. It’s possible that these warrants are in the meantime used as collateral for loans and are waiting to be sold in the physical market.
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