Coffee Futures Soared Today

Java jumps: Coffee futures soared today, as a surge in commodity prices finally spilled over to the Coffee ring. Commodity funds, speculators, and local traders were all in a buying mood today, overwhelming small amounts of origin selling. May Coffee broke above the downtrend line formed from the January 30 highs. A weak US Dollar and strong buying in commodities in general were also factors in today's rally. Read More....