GreedyTrader

Sweet Coffee Set For Shortage And higher Prices

Long
ICEUSA:KC2!   None
As a former commodity trader, I do have love for the agricultural commodities. Coffee has been rising in price since late last year when local coffee prices in Brazil started rise. At the time futures prices were falling. This year reports out of South America sight a beetle, that is devouring coffee plants, it is most certain that Arabica will show a shortage. Harvests have been poor so the availability of fresh coffee will soon be a problem. Does anyone else see Coffee above 135?

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.