Coffee: Things Always Look the Worst Near the Lows

From seekingalpha.com

Summary

The trend is ugly.

Open interest sends two messages.

The bottom of the pricing cycle.

Fundamentals have not turned.

Levels to watch.

Brazil is the world’s leading producer of Arabica coffee beans. The Arabica beans are most popular in the United States as coffee shops like Starbucks (SBUX) and Dunkin Donuts (DNKN) brew only Arabica beans for their products. Robusta beans are far more popular in Europe as the robust beans are the ingredient in espresso coffees.

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