Yesterday at a glance: Coffee decreases 0.85% to close at $181.4 per pound yesterday.
Meanwhile, United States CFTC Nasdaq 100 speculative net positions released yesterday at 20:30 UTC with a figure of 15,700, while the previous figure was 8,800. United States CFTC S&P 500 speculative net positions released yesterday at 20:30 UTC with a figure of -331,400, while the previous figure was -344,500. United States CFTC Crude Oil speculative net positions came out at 155,100.
The Coffee future's value drop coincided with the fact that after ending yesterday's session at $3,262, Cocoa lost $21 and is trading around $3,241.
Though ICE Coffee has been dropping, other Softs have been performing better: Sugar went up by 1.4% yesterday, and closed at $26.
Coffee is up 21.08% from the significant low of $151.1 it hit 4 months ago.