• The soft commodities sector posts a 2.82% loss in Q2.
• Coffee and cocoa lead the pack with 14.55% and 7.46% respective gains
• Cotton and OJ posted double-digit percentage losses of 18.63% and 15.8% respectively
• Sugar edges 1.68% to the downside
• The Brazilian real edges 1.6% higher which is supportive of sugar, coffee, and orange prices
Last week, the price of coffee futures on the ICE put in a bullish reversal on the weekly chart.