CEO of Excelso Coffee, Ed Field, reveals all the factors that go into each perfect cup of Field Coffee and Tea.
Today we had one of the smallest trading ranges of the past several months. December closed down 0.40, with a trading range of only 335 points. For most of the day, the market tried to break through 183.50, but met some solid resistance. It was not until the last 15 minutes that December zoomed to the high of the day of 186.45 at 1:29 p.m. The settlement was 184.5, 195 points off the high. So not too much happened today in the coffee market.
Read the Sept. 11, 2014 Thomson Reuters article, “Brazil sees 2015 coffee crop of 48.83 million bags.”