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Rich Asplund

YOU WONT BELIEVE: Coffee prices fall sharply on technicals | Mind Blowing Facts

Ice Brazil Deficit Vietnam Cooxupe International Coffee Organization NY Rabobank Somar Meteorologia the US Climate Prediction Center

July arabica coffee (KCN23) today is down -4.45 (-2.63%), and July ICE robusta coffee (RMN23) is down -4.45 (-2.63%).

NY arabica coffee today fell to a new 5-month low, while July robusta fell back from Tuesday's new record high (data since 2008). Arabica coffee is seeing technical selling with today's new 5-month low, while robusta is seeing long liquidation pressure after the sharp 6-month-long rally to a record high Tuesday.

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