From Gaby Del Valle: American coffee consumption is approaching record highs — as is the cost of a cup of coffee — but the cost of coffee beans is plummeting. A pound of wholesale beans now costs less than $1 on New York’s Intercontinental Exchange, the lowest price per pound in more than a decade, […]
From Alfred Cang and Anuradha Raghu: (Bloomberg) — Coffee drinkers be warned. The world’s second-largest supplier says futures could potentially rally as the global glut that’s depressed prices of robusta and arabica beans begins to contract.
From Reuters: NEW YORK, Feb 12 (Reuters) – Arabica coffeeOpens a New Window. prices will rise nearly 20 percent by the end of 2019 as Brazil’s shift to an off-year in its biennial production cycle helps swing the world into a global deficit, a Reuters poll of nine traders and analysts showed on Tuesday.
From Chris Kimble: On Monday, we highlighted an important price pattern in the chart of the Thomson Reuters Equal-Weighted Commodities Index. Today, we’ll stick within that theme and look at two soft commodities trading setups: Coffee and Sugar (futures).
From Chris Kimble: The long and short-term trend for Coffee remains down. Coffee has lost nearly two-thirds of its value since the highs in 2011 and is nearly a third lower over the past 18-months.
From Chris Kimble: Coffee Futures and Coffee ETF (JO) have had a rough go of it the past few years. Below looks at the performance of both since 2011.
From Chris Kimble: Coffee has been rather cold the past few years, as Coffee ETF (JO) has declined from $80 back in 2011 to $15 of late. This decline has created an interesting Power of the Pattern setup and drove away most bullish investors in Coffee.
From Chris Kimble: Coffee has been anything but hot of late! Actually it has been pretty cold performance wise, as it has declined over 25% the past few months.
From Chris Kimble: Coffee may a joy to drink in the morning, yet being long it the past 6-months, has been a painful experience.
From Chris Kimble: Coffee has been pretty ice cold since November of 2016, as its lost nearly a third of its value. Could this large 6-month decline turn into an opportunity? Below looks at Coffee ETF (JO) over the past few years.
The iPath Bloomberg Coffee Sub-Index Total Return ETN (JO) underperformed all other non-leveraged, non-inverse exchange traded products in the U.S. today on a percentage basis, producing a -3.3% one-day return and trailing the wider markets by a total of 3.37 percentage points.
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