JO - COVID Challenges Persist For Coffee

To say that cross-currents are complicating the efforts of coffee bulls to push prices higher would be a profound understatement. Indeed, prevailing conditions are as opaque as a convenience store cup of joe, with bullish supply factors being nullified by a weak Brazilian Real and deteriorating economic conditions in key producing countries. In this report, we’ll sift through these variables in an effort at gaining some much-needed clarity on the likely direction of coffee’s dominant intermediate-term (3-6 month) trend. My assessment of this evidence, however, points to coffee’s intermediate price trend still being up.

The

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