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
