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Monday, May 07, 2007

Bulls suffer a caffeine headache!

Coffee futures prices continue to tumble, as strong exports from Brazil and Vietnam have weak bulls throwing in the towel. Coffee prices started the week on an up-note, reaching 1-week highs at 106.90 earlier in the session. However, fresh origin selling emerged above the 106.00 area to effectively cap the rally attempt, before local selling took over and prices ended the session near the lows of the day. Read More.....