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Re: Coffee is a first necessity commodity. It doesn’t make any sense coffee could come down much further
Did you check last 30 days performance of lean hogs (-37.6%), live cattle (-23.3%), milk class III (-29%) sugar 11 (-20.35%), cotton (-17.7%) or cocoa (-15.25%) recently? Arabica is not so bad in the picture with (+6.9%) in the same period. Only wheat, rough rice and orange juice are doing better in the same period.