StephaneMba

Understanding the Decline in the Price of Coffee

ICEUSA:KC1!   Coffee
175 5 1
Brazil produces 33% of the worlds coffee             . There is a strong relationship between the price of coffee             and the value of the Brazilian Real. Future changes in Brazilian monetary policy might have an effect on coffee             prices.
rphessing
2 years ago
Do you spread trade this?
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StephaneMba rphessing
2 years ago
Nah, I'm an econ/finance student doing some analysis. I haven't traded futures but I do trade options.
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rphessing StephaneMba
2 years ago
Considering the current event, do you still believe the correlation considering the pike on the chart (when you refresh it)?
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StephaneMba rphessing
2 years ago
I still believe a correlation exists, but I think the recent price movement is a result of the drought in Brazil, which has also had the same effect on sugar. Seeing how the price movement isn't very gradual I would be expecting some type of convergence or correction... but probably after the drought.
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StephaneMba rphessing
2 years ago
Let me know what you think.
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