Coffee Grinds Out Gains!

Coffee grinds out gains! The bull market in Coffee futures looks to be alive and well, as strong speculative buying overcame origin selling to close near the highs of the day. Commodity funds are strongly bullish the Coffee market, with Brazil set to produce a sharply reduced crop for the 2007-08 year. Also, there are concerns that this season's carryover stocks will not be adequate to meed world consumption given the smaller harvest. In the meantime, Brazilian exports should remain brisk in early 2007, as many producers look to sell their harvest at current attractive prices. Read More....