I'm long Coffee trading with ETN Symbol: JO
Funny Mentals, small farmer is getting killed. Price in Coffee down 50%, Fuel up 100%, Profits are neg, after equipment,labor,supplies,etc. Causing farmers not to grow coffee so, less supply.
World Economy is slowing(wiped out,IMO) people are willing to buy less quality (Arabica), more of filler (Robusta). Price of Robusta flying.
Weather in Brazil has been ok for Coffee. What farmers down there are looking for with more rain is bigger yields.
Using Natural Resistance lines, 191, 202,213,225
Lets See