Last Friday December coffee closed at 1.4485 up 40 points. But during the day it rose to 1.4760 where for the past 3 out of days it has met resistance.
This morning, although December open down 35, currently it is up 35 at 1.4510.
I have attached four articles. Three relate to Vietnam whose sales this year are up 38% this year over last although July was flat. The fourth article is about the overall market. It indicates that there is some early flowering in Brazil which could be problematic if there is not any rain soon. However, the person quoted in the article is bearish on the market because he feels that there is plenty of coffee throughout the world.