People know oil is high but they have no idea how low coffee is. Coffee is one of the highest traded commodities, yet the price per pound is hardly noticed. Imagine if the price of oil dropped 50%. It would be all over the news and people would react. Yet coffee drops to lows not seen for many years and nothing is said. If you go to starbuck or dunkin donuts you wouldn't know. You'd know if you went to Mobil. I don't think investors even heard of JO. I think when prices start to rise, and they will, people will invest in the most efficient stock or etf and that would be JO. JO tracks ICE Coffee, no post can influence the price of JO. That being said, I post here for entertainment as I am retired and have nothing better to do but review investments and read and post on them. GLTA
I agree with you, but until we get a change in the technicals I would only place small speculative bets. Doesn't matter if you look at the stock price or the 50 or 200 day moving average, everything is headed south. Huge volume lately, though, indicating we could be near the inflection point.
March coffee futures closed at about 164 on 2/1/2013. That is low compared to the coffee futures price from 2010 to 2012 when prices ran from 140 in early 2010 up to 300+ in early 2012. But, coffee futures from 2000 through 2008 never rose above 140. In fact, prices went as low as 40 in 2001. So, historically, coffee is neither cheap nor expensive right now.