Green Coffee Report-August 3, 2016

August 3, 2016

Good Afternoon

Today September coffee closed down 75 points, at 1.4040.  Trading brought September down below 1.40 for the fourth time in the last eight trading days without a close below 1.40 which means that there is good support around 1.40.  As the attached article indications the cold weather in June may have reduced Brazil’s output by a Million bags.  Also other countries are having smaller crops.  But the opportunity for some more cold weather could be keeping the sellers away