Arabica coffee prices are dropping due to surplus beans and favorable weather in major regions.

September coffee futures present a selling opportunity due to downward trend hitting a seven-month low. Favorable weather in major coffee regions, like Brazil, has led to surplus beans and lower prices. A move below 285.00 cents could signal a buying opportunity with a downside objective of 230.00 cents.

Trading futures is volatile and risky. Consider financial experience and resources before investing. Author Jim Wyckoff does not hold positions in securities mentioned. Information provided for informational purposes only. Check out the full article on Barchart.com for more details.

Read more at Yahoo Finance: Arabica Coffee Prices Are Falling. How Much Lower Will They Go?