Commodities Forecast: Coffee Reaching Tipping Point
- Coffee is being traded hotter than usual lately; corresponding ETF iPath DJ-UBS Coffee Subindex Total Return SM Index ETN (JO) is up 91.15% YTD.
- The price of Brazil’s Arabica beans rose to its highest point in two years, at $2.07 per pound.
- Coffee currently has the most bearish forecast of the 51 commodities the self-learning algorithm tracks and predicts. Read more» Read the article»