Search completed
Well my first morning back – and I see that all of my gains from last week were completely wiped out by a sharp drop in coffee this morning. I am guessing this is weather related. My December contracts closed today just above 130, after flirting with the 140 mark late last week. It must […]
Coffee in Brazil needs significant rain in October to help the crop flower. However it has been quite dry for a while, and there is no significant rain in the forecast for the next 7 days. Thus, coffee prices remain strong. Could we see a super-spike coming if this harvest is trashed? The article goes […]
Maybe a buying opportunity in coffee – futures sold off today on profit taking and minor showers passing through Brazil. However, no ‘meaningful’ moisture is in the 10 day forecast, so the crop will stay dry. Thanks for the lead on this, Toby.
Date Position Qty Month/Yr Contract Entry Price Last Price Profit/Loss Market Value 01/22/07 Long 1 DEC 08 Cotton 63.00 67.15 $2,075.00 04/16/07 Long 1 DEC 08 Cotton 64.50 67.15 $1,325.00 07/27/07 Long 1 DEC 07 Coffee ‘C’ 115.30 119.20 $1,462.50 06/19/07 Long 1 DEC 07 Coffee ‘C’ 120.50 119.20 ($487.50) 03/23/07 Long 1 SEP 08 […]
Scary moment last Thursday. Like many commodity investors, I was feeling good about the fact that commodities are not highly correlated with other asset classes. Or so I thought. My account had been holding up well throughout the credit crunch. Then all hell broke loose on Thursday. Many hedge funds had margin calls, and were […]
Recent Comments