EP 620 Carley Garner - Hedging Explained for Coffee Buyers and Sellers - 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 4th 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 dive deep into the complexities of coffee price volatility and hedging strategies.
Carley offers valuable insights on how producers and coffee roasters can navigate the turbulent market by utilizing hedging to manage risk. The conversation covers essential topics such as opening a brokerage account, understanding futures and options, the cost of hedging, and the pros and cons of different hedging approaches.
The episode also discusses the challenges posed by the ICE exchange (C-Market) and explores potential solutions to make hedging more accessible.
00:00 Introduction to Coffee Price Volatility
00:38 Sponsorship Message: Become a Coffee Consultant
01:16 Series Overview and Importance of Hedging
01:48 Starting the Hedging Process for Coffee Producers
02:51 Opening a Brokerage Account for Hedging
04:13 Hedging Strategies and Considerations
06:03 Guidance and Support in Hedging
07:25 Challenges and Costs of Hedging Coffee
10:19 Advice for Coffee Buyers and Roasters
19:14 Conclusion and Final Thoughts
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/
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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
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🤑 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
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💡Support this podcast, watch this episode without sponsor messages by becoming a paid member of this YouTube channel or joining our community on our Patreon here: https://www.patreon.com/mapitforward
For more information about MAP IT FORWARD go to https://www.mapitforward.coffee or https://www.instagram.com/mapitforward.coffee/