I picked up another coffee contract yesterday on the pullback - I think this provides a nice buying opportunity.
The Dec contracts are currently trading at 128.85.
Every interview that Jim Rogers gives now, he seems to toss out these three commodities as the current buying opportunities:
* coffee
* cotton
* sugar
I would take a hard look at these if you don't currently have any in your portfolio.
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great blog, i am trying to find an rss feed to link in.
i myself think sugar is a really interesting play. the surplus is only a fraction, about 8% of a years requirement, and could easily be eaten up by a small move in ethanol politics. Japan is my hope, as they need to seriously ramp up biofuel use.
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