There are coffee minis? Didn't know that. Hmmm.
Coffee . . .
- Thread starter waggie945
- Start date
Stock I have owned since the low 2's. Thing is an animal.
Sorry, nothing really. Just thought it was funny. Everything I look at is breaking out lately. It is called liquidit and inflation. Not necessarilly a bull market. But I do like coffee.
And speaking of coffee, looks like some producer selling and the locals took out yesterday's sell-stops and ran March down to a low of 68.50 and then 68.00 before coming back strong, with a close at 69.55 +.20 on the day.
Seems to be a tug-a-war between expectations of delayed Central American and Mexican arrivals, a slight rise in differentials, and declining Green Coffee Association stocks for the 5th consecutive month. . . vs the potential for a larger 2004/2005 crop due to Brazil's main robusta producing State's ability to recover from heavy drought back in September thru December with the help of heavy rains recently.
Stay-tuned!
Seems to be a tug-a-war between expectations of delayed Central American and Mexican arrivals, a slight rise in differentials, and declining Green Coffee Association stocks for the 5th consecutive month. . . vs the potential for a larger 2004/2005 crop due to Brazil's main robusta producing State's ability to recover from heavy drought back in September thru December with the help of heavy rains recently.
Stay-tuned!