The correlation of Coffee prices and the U.S 10 Year Treasury note.

This is an interesting chart, Coffee price futures per Ilb compared against the U.S 10 YR treasury yield.  Note the correlation when Treasury yields are bid it sends the price of Coffee down, this is because the 10 YR and U.S Treasury's prices, more so the short end correlate.  However, it also inverts the other way, when yields are down, hence the U.S  Dollar is selling, Coffee rallies.  The recent rally in the 10 YR is probably short lived, riding on the back of the Fed's measly 25 basis point fund rate, while America faces the worst in inflation in 40 years.

Volatility well and truly could be returning to the market.

For a full analysis in Coffee prices, please refer to this post: “INFLATION AND THE FINITE ENDGAME” COFFEE PRICES: RISING OIL, STAGFLATION, SUPPLY CHAIN ISSUES AND A STRENGTHENING BRAZILIAN CURRENCY POST-2021 SOUTH AMERICAN DROUGHT, MAY LEAD TO 2011 COFFEE PRICES