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The Economist reports that researchers at the University of Nevada at Reno have found that coffee grounds can be turned into biodiesel that is comparable in quality to top biodiesel on the market today. Because the biodiesel is made from grounds, no extra land has to be diverted in order to generate the inputs for […]
Coffee prices were mixed, although the longer-term outlook for bean values may mean higher prices because of a potential supply crunch. Source: Reuters
A lack of rain last fall hurt the upcoming coffee crop in Brazil (far and away, the largest producer of coffee). Futures were up big yesterday, and slightly up today as I type. Worldwide demand is forecast to climb 2.3% this year. Demand outpacing supply – music to our ears.
Coffee appears to be trending down again, toward previous support at the 122.50 mark. According to my new system, I will sell if it hits a 20 day low, and will buy back in on a 20 day high. So we’ll keep an eye out and see if coffee breaks down further. Still long term […]
Jurgens Bauer says hang on for now until the market bottoms. I have to agree – they don’t ring a bell at the bottom, but be careful before jumping in. However I believe the long side of this trade is the right one long term.
From the DJ news wires: On ICE Futures U.S., pit-traded Arabica coffee futures sank to 2 1/2-week lows as funds and small speculators liquidated and batches of sell stops were triggered during the retreat. Sellers were spurred by predictions from Brazilian meteorologist Somar and other forecasters that the nation’s producing areas – where it’s been […]
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.
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