Coffee Prices Plummet To Contract Lows Again

14 Mar in Blog, coffee futures, commodity trading, futures broker

Coffee Futures-- Coffee futures for the May delivery continue their giant bear market finishing down another 300 points closing at 182.90 a pound which is a new closing contract low with the bears clearly in charge at this point. A record harvest is coming in with the fact that there is no weather premium put into prices as they head into frost season for some reason, and in my opinion these prices are getting very low especially with improving world economy. I think you can take advantage of these low prices and you have to remember coffee prices last year were at 300 and these are new several year lows at 183. I think prices can go a little lower possibly to 165 but you’re starting to squeeze blood out of a turnip at these levels. If you have any questions on how to take advantage of low coffee prices please call Michael Seery at 800-615-7649 and he will be more than happy to go over coffee strategies with you.

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