Thoughts on Coffee?
Posted: Apr 18, 2024
- User bought futures last Tuesday and is currently up 290% - Wondering if coffee prices will continue to increase like cacao - Prices driven up by concerns over weather in Brazil and Vietnam - Coffee crop concerns in Brazil and Vietnam are fueling fund buying of coffee futures - Coffee prices closed higher, with Arabica at 1-1/2 year high and robusta at all-time high - Coffee prices driven up by excessive dryness in Vietnam and rainfall in Brazil's Minas Gerais region
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