Just caught the coffee futures getting hammered today - arabica down almost 3% and robusta sliding to a 6-month low. Pretty brutal move, but honestly not surprised given what's been brewing in the market lately. Brazil's looking at a massive harvest next year, supposedly up 17% according to their crop reports, and Vietnam keeps pumping out robusta exports. January alone they shipped almost 200k tons, way more than last year. Plus rainfall in Brazil's main coffee regions has been solid, which is obviously bullish for supply. The whole picture just screams oversupply to me. Even the inventory numbers are ticking back up after hitting those lows a few months ago. Colombia's production is down significantly, which is the only real bright spot for prices, but it's clearly not enough to offset what's coming from Brazil and Vietnam. At this rate, I'm watching to see if there's any real support or if we keep grinding lower.