Good afternoon Folks
Today July closed up 290 points at 1.3270.
As you can see from the attached report industry professionals continue to talk about the effect of the dollar on the desire of coffee producers(growers), especially in Brazil, to sell coffee. Today the dollar softened and the Brazilian Real strengthened and the coffee market went up.
But the other article suggests that next year’s Brazilian crop could be a very big one; therefore, the market could go down. But first we will have to get through the Brazilian winter. If we get through the winter without a frost and there is a good flowering in four months, we could see lower prices.