Today September finally did what it has been trying to do 14 working days. It broke below 1.40 and stayed there. September closed at 1.3865, down 245 points. September closed just 10 points from its low.
Although the dollar was down and the Real was up, both of which are bullish for coffee, the market closed down. It was a year ago that the Real was in its current trading range and the coffee market was also around 1.40.
The weather is good. No sign of cold weather for the next 10 days.
We will see what happens tomorrow, but maybe we have seen the highs for the summer