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Monday, June 19, 2006

Lower Prices Fail To Wake Up Coffee Bulls

Lower prices fail to wake up Coffee bulls: Coffee futures hit nine-month lows on Friday, as commodity funds and momentum traders continue to sell into the market. So far this year, the start of the winter frost season in Brazil has failed to provide any freezing weather to the Coffee growing areas of the country. This has led speculators to start bailing out of long positions taken in case a crop damaging frost hit. Read More....