ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
According to Hanna Neuschwander, the Communications Director for the World Coffee Research, demand for coffee will double, while over that same timeframe climate change will cut in half the land area available for growing coffee. A little over a month ago, I launched a trade in iPath Bloomberg Coffee SubTR ETN (JO) as a play … Read more
Coffee prices have soared along with most other commodities over the past year and more. For example, the iPath Dow Jones-UBS Coffee Total Return Sub-Index ETN (aka JO) is up 70% since the end of 2009. The last earnings results from Starbucks (SBUX) demonstrated the stress from these higher coffee prices. The company slightly lowered … Read more