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Friday, October 20, 2006

Coffee Futures at a Crossroads

Coffee futures at a crossroads: Coffee prices have languished near $1 per pound for the past several sessions, as traders weigh current ample supplies vs. a cyclical low point for the Brazilian 2007-08 crop. Current estimates for next year's Coffee crop are for a harvest around 36.5 million bags compared to this seasons 41.6 million bags. Read More.....