I went long today at 153.15 March and it closed at 151.35. Wonder how much more it can drop? Is there some basic production+transportation cost of Coffee, which might be a level of support because producers won't sell for a loss?
What do you make of the big drop in Coffee today, down to 147 March? Well below the white line in your figure. Was there some news on stocks or production?
Commodity Chart Of The Day: Coffee [View article]
Commodity Chart Of The Day: Coffee [View article]
Commodity Chart Of The Day: Coffee [View article]