A major downtrend for coffee would be an understatement
The 200-day simple moving average is a good approximation of the major downtrend for coffee. Reference my recent chart analysis for copper for another commodity that has seen better times.
The relatively low spot price for coffee is definitely not reflected in the price of your daily caffeine fix at Tim Hortons.
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Brazil Drought Jolts Coffee ETNs — February 3, 2014
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