Morning Coffee Report
Coffee prices are trading with little change, the March contract at 154.90 -50, high 156.90, and low 154.75. US dollar unchanged and crude oil up 37 cents at $46.44 per barrel. From Brazil, Safras & Mercado reported that as Nov 23, 68 % of the 2016-17 crop has been sold. Sales are more advanced than last year that accumulated 56% of sales at the same date. The technical weakness could trigger more sales if recent lows are broken. Last week COT will be released today after 3:30 pm, EST.
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