September coffee futures (KCU26) slide to a 1.5-year low as bears keep control

September coffee futures (KCU26) have fallen to a 1.5-year low, with the daily chart showing a clear downtrend and bears holding the near-term technical edge. On the fundamental side, record output from top producer Brazil has led to a large global supply surplus that continues to weigh on prices. The analysis says a break below chart support at $2.5000 per pound could open the way toward $2.0000 per pound.