Losing streak continues: Coffee down $2.35 to $191.55 adding to its four days of losses

Coffee is down to $191.55 per pound, after ending Friday at $193.9. Overall, a 1.21% loss or $2.35 today.

Taking a look at other Softs commodities, negative performances are evident as Sugar is down to $24.32, losing 42 cents, after closing at $24.74 in the preceding trading session.

Though Arabica Coffee has been dropping, other Softs have been performing better: Cocoa rises 0.85% to trade around $2,981. Cotton is up 0.36%.

Looking ahead, ongoing depreciation may be prolonged as United States Consumer Confidence projected to decline to 104 while previous data was 104.2; data will be released tomorrow at 14:00 UTC.

Furthermore, United States Building Permits is expected tomorrow at 13:30 UTC. United States New Home Sales (Mar) is expected tomorrow at 14:00 UTC.

Coffee hit a significant low of $151.1 around 3 months ago, but has since recovered 28.33%.