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Coffee traders contemplate Central American losses

Monday, February 25, 2013

Coffee futures were higher as March went into delivery with just a few contracts tendered and as origin selling was less due to the fact that March contracts are now priced.

Bulls keep talking about the losses from rust in Central America and the bears keep noting that there is more than enough coffee being produced in other countries to cover the losses seen in Central America.

The bears have been in control of the market until now, but price action yesterday suggested that this control might finally be passing.

Source: Futures