• If you are having problems logging in please use the Contact Us in the lower right hand corner of the forum page for assistance.

Sandhusker, do we still deal in coffee?

Help Support Ranchers.net:

rancher

Well-known member
Joined
Feb 10, 2005
Messages
1,059
Reaction score
0
Coffee futures in New York climbed higher during the week ended February 16, setting fresh five-year highs as commodity fund buying supported the market.

"Coffee is still a bull market," said Judy Ganes-Chase of J. Ganes Consulting. She expected to see more price increases in the future.

Underpinning the market are expectations for a 5 million to 7 million bag shortage this season as the Brazilian crop will be considerably smaller, said sources. Reductions to Central American and Vietnamese crops are also seen as supportive to prices.

While the overall outlook remains bearish on coffee nearby technical selling might weigh on the market as the commodity funds could come in to liquidate some of their sizeable long positions. Producer selling is also starting to pick up as prices improve.
 

Sandhusker

Well-known member
Joined
Feb 10, 2005
Messages
18,486
Reaction score
0
Location
Nebraska
I wish we had bought some a few months ago. The chart is certainly going in one direction. Why don't you send me 10-20 grand and I'll get you smoking fat cigars 8)

I'm going to add up my paper trades for 2004 this weekend and see how I fared. I'll scribble trades on the calendar quite often and I'm going to check myself. I'll let you know if I should of been using real money or not.
 

Latest posts

Top