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Strategies & Market Trends : Speculating in Takeover Targets
ULBI 7.040+2.3%Nov 5 3:59 PM EST

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To: richardred who wrote (4839)9/11/2019 12:57:42 PM
From: richardred  Read Replies (1) of 7242
 
RE-FARM Farmer Brothers Coffee-Jeanne Farmer Grossman looks to be pretty upset about what's going down on the FARM. It's been a disaster since FARM's latest acquisitions. I currently own no shares. I'm Just looking. Just wondering if she's upset enough to sell to COTT?

P.S. Low green coffee prices are good for Starbucks, but apparently not for FARM. I'm out of JVA also and watching. I'm also wondering if JVA will buck this past years low price trend for green coffee?


Coffee Futures Market News and Commentary
Coffee Prices Extend a Week-Long Rally with Dec Arabica at a 6-Week High on Crop Concerns in Brazil
by cmdtyNewswires - 1 hour ago
Dec arabica coffee (KCZ19) this morning is up +2.00 (+1.97%), and Jan ICE robusta coffee (DFF0) is up +12 (+0.89%). Coffee prices continued their week-long rally today with Dec arabica coffee at a 6-week high and Jan robusta coffee at a 1-1/2 week high on crop concerns in Brazil. Somar Meteorologia said Monday that most arabica-coffee crops in the Cerrado region of Minas Gerais, the biggest arabica coffee growing region in Brazil, have not had significant rain in 3 months and that temperatures have been above average, which has stressed crops. Tuesday's data from CeCafe was also supportive for coffee prices after CeCafe reported Brazil Aug green coffee exports fell -8.5% y/y to 2.9 mln bags. In a bearish factor, the International Coffee Organization (ICO) last Tuesday reported that global 2018-19 coffee exports during Oct-Jul rose +10% y/y to 109.4 mln bags. Also, ICO last Wednesday raised its global 2018/19 coffee surplus estimate to 4.96 mln bags from an August estimate of 3.92 mln bags. In a supportive factor for robusta coffee, Vietnam's General Department of Vietnam Customs reported today that Vietnam Aug coffee exports fell -18.7% m/m and -25.4% y/y to 114,162 MT, and cumulative Jan-Aug coffee exports are down by -11.5% y/y to 1.17 MMT. Vietnam is the world's largest producer of robusta beans. Current coffee supplies have tightened after ICE-monitored arabica coffee inventories fell to an 11-1/2 month low Friday of 2.327 mln bags.

barchart.com*0/futures-prices

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