Agricultural ETF rebounds strongly Coffee Futures are up more than 50% this year
Maybe you drink coffee every morning, but you don't know you've drunk the best-performing financial asset so far this year, and coffee futures contracts are up more than 50% so far this year. It's really sad that people's love of coffee not only does not benefit them, but consumes more income.
Since the end of January, agricultural ETF has rebounded from a low of 24.4 to 26.6, rising by about 9%, mainly due to the worst drought in Brazil in 60 years, which has seriously affected the production of coffee and soybeans (4520,-17.00,-0.37%).
As shown in the chart below, ETF prices of agricultural products have been falling since 2010 and were at a phased bottom in 2013. In recent weeks, the ETF of agricultural products has continuously pulled out the big positive line (weekly K line), breaking through the 10-day, 20-day and 50-day index average (Exponential Moving Average,EMA). In addition, the location of the smooth moving average (Moving Average Convergence Divergence,MACD) Jiaqing Capital flow Index (Chaikin Money Flow,CMF) shows that there is still a lot of room to rise in the future.
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Kenyan coffee industry wants to break the monopoly of multinational corporations and introduce new buyers such as China.
Kenyan caffeine is well received in the global market for its aroma, taste and quality, but the industry has long been monopolized by Western multinationals.
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