Losing streak continues: the Coffee future down $3.9 to $178.3 adding to its seven days of losses

Coffee is down to $178.3 per pound, after ending yesterday at $182.2. Overall, a 2.14% loss or $3.9 today.

United States ISM Non-Manufacturing PMI (Feb) is next today at 15:00 UTC.

On the flip side, highly important Initial Jobless Claims data from United States beat analyst expectations of 195,000 with a reading of 190,000.

While price action maintains a negative bias, United States Nonfarm Productivity (QoQ) (Q4) came out at 1.7, while a consensus of analysts was expecting 2.6. United States Unit Labor Costs (QoQ) (Q4) released yesterday at 13:30 UTC with a figure of 3.2, while the previous figure was two.

Positive performances can be seen by looking at other Softs markets as Sugar ascends 1.23% to trade around $20.56. Cocoa is up 0.94%. Having closed the previous session at $83.71, Cotton is up 0.57% today to currently trade at around $84.19.

Furthermore, United States ISM Non-Manufacturing PMI (Feb) scheduled to come out today at 15:00 UTC.

After hitting an important low of $151.1 approximately a month ago, ICE Coffee has bounced back 20.58% since.