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JO

iPath Dow Jones-UBS Coffee ETN

5/21/2013, 2:49 AM ET

Quote & Headlines Market Currents StockTalk

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Tuesday, January 1, 12:40 PM Big winners among commodity ETFs in 2012 include tin (JJT +23.2%), grains (JJG +17.5%), and lead (LD +14.8%). Gold (GLD) gained just 6.6%, while sugar (SGG -14%) and coffee (JO -42.7%) were big losers. See full commodity ETF performance tables here. 1 Comment [Commodities, Quick Ideas]
Monday, December 10, 2012, 6:24 PM Benchmark futures for sugar (SGG) and arabica coffee (JO) plunged to two-and-a-half year lows today, thanks to big crops from Brazil, the world’s biggest producer of both. Sugar mills have been running heavy to make up for time lost to unseasonable early rains, while coffee growers are sitting on a lot of beans hoping for higher prices - a "time bomb for the market” next year. Comment! [Commodities, Global & FX]
Monday, July 9, 2012, 10:42 AM A check of commodity performance (DBC) in H1 shows agricultural commodities (DBA) the top performer, despite steep falls in coffee (JO) and cotton (BAL), as the drought sends grains (JJG) soaring. Leading on the downside are the economically sensitive energy (JJE) and industrial metals (JJM) sectors. Comment! [Commodities]
Thursday, June 28, 2012, 6:39 AM Industry watchers don't expect coffee producers in Brazil to flood the ICE Futures market when the exchange starts taking on delivery of their beans next March. Buyers of arabica beans such as Starbucks (SBUX) are already seeing falling coffee costs in advance of the changes at the ICE market which are viewed as supporting lower prices. Comment! [Consumer]
Friday, October 21, 2011, 12:37 PM Arabica coffee futures are up 5% on concerns heavy rain and flooding in Latin America and Asia will choke off short-term supplies. Analysts see a tight supply continuing over the next year, putting upward pressure on prices. Comment! [Commodities, On the Move]
Thursday, September 29, 2011, 1:56 PM Today is National Coffee Day, and what better way to celebrate than to check in on the performance of five coffee stocks taking advantage of Americans' 400M cup-a-day addiction (slideshow) to the drink and the chains that serve it. YTD returns: GMCR +200%, JVA +133%, PEET +34%, CBOU +24%, SBUX +22%. 2 Comments [On the Move, Quick Ideas]
Wednesday, September 28, 2011, 11:57 AM Production of robusta coffee looks set to ramp up right along with arabica beans, as coffee prices could move even lower with stockpiles continuing to recover from last year's shocks. Will Starbucks (SBUX +0.3%) follow the path of SJM and KFT with lower consumer prices or reap margin gains as it restocks inventory? Comment! [Commodities, On the Move]
Friday, September 16, 2011, 2:13 PM Colombian coffee exports fell 38% in August after crops were hit hard by storms, marking the lowest level of production since Sept. 1988. Production is expected to ramp up for the rest of the year, relieving pressure on prices. Coffee futures +0.5%. Comment! [Commodities, Global & FX]
Tuesday, September 13, 2011, 3:34 PM Brazil's latest coffee forecast is 43.15M 60kg bags is lower than a previous estimate of 43.54M, but above expectations. It would be the largest in harvest in an off-cycle year in more than a decade. JO +13% YTD. Comment! [Commodities, Global & FX]
Wednesday, August 31, 2011, 4:29 PM File under something doesn't add up: Coffee Holdings (JVA) closes down 13% after the company says its financials were leaked, helping cause volume yesterday to spike to 80% of outstanding shares. The stock is a new favorite of speculators, fitting in a way since 86% of the firm's first-half profits were earned on coffee options. Comment! [On the Move, Consumer]
Wednesday, August 31, 2011, 10:13 AM Coffee Holdings (JVA -5.5%) falls after a leak forces the company to release financial information to the public earlier than planned. In a 8-K filing with the SEC, the company says sales for the three months ending July 31 were $35.7M and costs were $33.6M. Comment! [On the Move]
Tuesday, August 30, 2011, 7:41 AM Starbucks (SBUX) announces K-cup portion packs for Green Mountain Coffee Roasters' (GMCR) Keurig brewing system will available for retail sale in November. A company exec forecasts K-cup sales will grow into a $1B-plus business over time. Comment! [Consumer]
Tuesday, August 23, 2011, 11:22 AM Kraft (KFT -0.2%) cuts prices 6% on several coffee brands - including Maxwell House and Yuban - matching the price cut announced last week by rival J.M. Smucker (SJM +0.4%) that marked a reversal of 15-months of price hikes in the industry. Coffee prices on the futures market peaked in April before falling off. Comment! [Commodities, Consumer]
Monday, August 22, 2011, 10:33 AM A survey of large coffee-producing countries indicates this year's harvest could be the largest in 3 years, and push prices lower. Industry insiders attribute the improved yield to better farming practices and coordinated programs. Coffee stocks: SBUX +2.5%, GMCR +6%, PEET +1.8%, JVA +4.6%. 1 Comment [Commodities, On the Move, Consumer]
Tuesday, August 16, 2011, 8:47 AM Shares of Starbucks (SBUX) fall 2.2% premarket after J.M. Smucker (SJM) announces a 6% price cut on most of its coffee brands in what could be the opening salvo of a price war. Coffee futures have fallen lower since May after an extended run-up. Comment! [Consumer, On the Move]
Monday, August 8, 2011, 10:47 AM Starbucks (SBUX -2.9%) catches an upgrade from Baird to Outperform from Neutral with a new price target of $45, as the firm cites an attractive risk/reward for shares. On the bearish side, high commodity prices continue to pester coffee companies unable to pass off the increase to strapped consumers. Comment! [Consumer]