Coffee down another 7% in

    Posted by racerick on 18th of Nov 2022 at 06:26 am

    Coffee down another 7% in futures this am, but looks like bouncing a little off 150ish level. Has pretty good support around 150 level.  JO may be worth a shot in here since near 200ma as Timebandit pointed out below

    Wow.  I haven't had time

    Posted by steve on 18th of Nov 2022 at 07:34 am

    Wow.  I haven't had time to investigate the forces driving this move lower

    This from Barchart - Losses

    Posted by racerick on 18th of Nov 2022 at 08:15 am

    This from Barchart - Losses in arabica accelerated Thursday after the Brazilian real (^USDBRL) tumbled to a 10-month low against the dollar.  The weaker real encourages export selling from Brazil's coffee producers.

Newsletter

Subscribe to our email list for regular free market updates
as well as a chance to get coupons!