|Bid||31.00 x 800|
|Ask||33.23 x 800|
|Day's Range||32.07 - 32.41|
|52 Week Range||30.69 - 47.06|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.00|
|Expense Ratio (net)||0.45%|
In the talk about assets affected by various U.S. trade tariffs, coffee and the iPath Series B Bloomberg Coffee Subindex Total Return ETN (JO) are often overlooked, but JO is lower by 6.09% year-to-date and trade tariffs are one reason why the coffee ETN is slumping. “The crisis facing Guatemala’s coffee growers, suffering from rock-bottom commodity prices and depressed incomes, could turn into a nightmare as Donald Trump threatens tariffs against the country,” reports Bloomberg. Essentially, the White House is upset with Guatemala for backing out of a deal to stem the flow of illegal immigrants that come from Central America to the U.S. and coffee growers there could suffer the consequences of Trump's ire.
Barclays Bank PLC announced a temporary reduction of the minimum early redemption size of certain series of ETNs as specified in the table below .
Coffee prices and related exchange traded note perked up Thursday as Brazilian farmers grow increasingly worried over the prospects of a record robust-coffee harvest in face of blazing heat withering the crops. The iPath Series B Bloomberg Coffee Subindex Total Return ETN (JO) increased 3.9% on Thursday while ICE coffee futures rose 3.7% to $1.0590 per pound. Robust beans, which are used in instant coffee and espresso, are suffering under unrelenting heat across Espirto Santo and Bahia, Brazil as average temperatures this month are as many as 8 degrees Celsius, or 14 degrees Fahrenheit, above the average in the main producing states, Bloomberg reports.
Coffee prices and related exchange traded note perked up Friday after the Brazilian government projected this year's coffee crop would experience a significant decline from last year's record harvest. The iPath Series B Bloomberg Coffee Subindex Total Return ETN (JO) increased 2.6% on Friday while ICE coffee futures rose 2.5% to $1.0495 per pound. Brazil, the world's largest grower of coffee, anticipates its coffee crop to total between 50 million and 55 million 60 kilogram bags, or a 15% decline from the previous year's record harvest of 62 million, the Financial Times reports.