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Tuesday, June 06, 2006

Coffee Futures Fail To Warm Up Bulls

Coffee futures fail to warm up bulls: The start of the frost season in Brazil has been kind to the Coffee groves but not to Coffee bulls, as prices hit eight-month lows. Commodity funds and local traders were the featured sellers this morning, triggering stops below the recent lows at 97.10. Overall weakness in the commodity markets were a factor in today's sell-off with large losses in precious metals and grains weighing on Coffee. Read More....