email:  
 
 
  
 

Wednesday, March 22, 2006

Bulls Get Roasted

Bulls get roasted, as Coffee prices hit 3-month lows: Coffee futures fell to the lowest levels since December, as origin and local selling set-off speculative sell-stops. The stops were found when the most-active May contract broke through 104.70 and 104.40. Prices plunged all the way to 103.50, when roaster buying emerged, capping further losses. The futures market continues to ignore tight supplies in Brazil, where stocks on hand are just enough to meet domestic demand, until supplies from this year's harvest come in. However, traders note that this year's crop should be much larger than last year's, helping to meet stronger demand in the coming year. Read More....