Coffee in Brazil needs significant rain in October to help the crop flower. However it has been quite dry for a while, and there is no significant rain in the forecast for the next 7 days.
Thus, coffee prices remain strong. Could we see a super-spike coming if this harvest is trashed?
The article goes onto state that India's coffee crop is disappointing as well. Though Brazil is far and away the largest coffee exporter.
Friday, October 05, 2007
Subscribe to:
Post Comments (Atom)
Most Popular Articles This Month
-
This Thursday, we're co-hosting a free "trading training" webinar with our colleagues at TradingWins.com . Our goal is ...
-
This article was originally published on my new site and newsletter, Contrarian Profits . The panic selling in precious metals is givin...
-
The gold standard these days has been reduced to a distant memory and fantasy of hard money proponents. IF we returned to a gold standard, ...
No comments:
Post a Comment