What Cooled the Coffee Market Tuesday?

Tuesday afternoon, a friend from central Nebraska called with a market question, but rather than corn, soybeans, cattle, and so on, he asked about coffee. Tuesday's close saw the market sharply in the red (per pound): March (KCH26) was down 16.15 cents (4.9%) May (KCK26) was down 14.15 cents (4.5%) July (KCN26) was down 12.85 cents (4.2%) We can see commercial interests were selling alongside noncommercial traders, as indicated by nearby contracts listing ground to deferred issues Keeping in ...