StephaneMba

Understanding the Decline in the Price of Coffee

ICEUSA:KC1!   Coffee
178 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.
Do you spread trade this?
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StephaneMba rphessing
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
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
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
Let me know what you think.
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