The Best Trade of the Week Wasn’t Crypto or Gold, It Was Your Morning Coffee
The post The Best Trade of the Week Wasn’t Crypto or Gold, It Was Your Morning Coffee appeared on BitcoinEthereumNews.com. One of the best trades of the week, was not Bitcoin or gold. It was sitting in your kitchen.The arabica coffee price jumped 16.19% on Monday, its biggest single-day gain this century, closing at a 5.5-month high. Robusta contracts climbed 8.83% to a five-month peak in the same session. The move lifted coffee futures roughly 43% above their early June low near 239 cents per pound. Harvest delays in Brazil, shrinking exchange stocks, and El Nino risks fueled the rally. Neither the crypto majors nor gold’s record run came anywhere near that one-day move. Why the Coffee Price Is Surging After Brazil Harvest Delays According to Barchart, September arabica gained 48.75 cents on Monday, its largest one-day advance since at least 2000. The spark came from Brazil, the world’s biggest coffee producer. JUST IN 🚨: Coffee soars more than 16% for its biggest gain this century ☕