Long July Coffee At Bargain Basement Prices COFFEE C® FUTURES (JUL 2021) ICEUS:KCN2021 bxhorn Coffee price have fallen into bargain basement levels following recent EU lock-downs. However, Brazilian supply dynamics remain bullish , the Brazilian currency just broke its 6-session losing streak, and the EU will eventually be open for business. So when things seem to be at their worse, now is the time to buy. Best option: buy vertical call spreads. I like July options long 125 call, short 140 call.