... and nothing more. Coffee remains a pure currency play on the USD/Real. - And with the Central Bank of Brazil hiking rates faster than any other central bank, this is mostly a one-way trade going into the seasonal peak. Fundamentally, there is no evidence (0, zilch, nada) that there would be any supply issues at present - despite popular misconceptions to the...
If you like this idea, don't forget to support it clicking the Like Button! Coffee futures continued to drop, now trading on a strong support area ($115). The price has recently soared ($142) due to Brazil's supply difficulties. On the other hand, I'm expecting Coffe demand to be stable or even grow, supporting the rise of Coffee prices. Disclosure: My ideas...
Let’s kill the market today
KT1 Coffe Futures Buy in important Support .