Coffee is notoriously a volatile futures contract. Case in point: It was just a $1.15/lb not too long ago and today it is up to $1.38, a 20% increase in just over 1 month! I believe that because coffee prices are below the 200-day moving average, it still is a mixed technical picture. I think, with that said, any major dips in coffee will be bought aggressively.
GDP came out today lower than expected, and the USD dropping and bonds and gold rallying quickly followed. Overall, I think that there is getting to be such a steady stream of controversy out of the White House that I think sooner rather than later the markets will grow tired of this instability of the Trump machine and start to head lower, possibly by 5-8%.