|Bid||36.26 x 1000|
|Ask||36.44 x 1000|
|Day's Range||36.20 - 37.25|
|52 Week Range||30.66 - 45.60|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-12.19%|
|Beta (5Y Monthly)||0.00|
|Expense Ratio (net)||0.45%|
Coffee prices and related exchange traded note surged on Friday as the agricultural commodity was on pace to finish its first positive week for the year on rising supply concerns from major global producers. The iPath Series B Bloomberg Coffee Subindex Total Return ETN (JO) increased 3.9% on close to five times its normal average daily volume as ICE Coffee futures advanced 4.4% to $1.1135 per pound. A single swarm of the insects can measure 40 kilometers wide by 60 kilometers long, or 25 by 40 miles, according to the U.N. Food and Agriculture Organization.
The month of January witnessed Middle-East tension, the coronavirus outbreak and the return of global growth worries, putting the spotlight on these ETFs.
Among commodities exchange traded products, gold and palladium, among others, stole the show in 2019, but the iPath Series B Bloomberg Coffee Subindex Total Return ETN (NYSEArca: JO) may merit a look in ...
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Coffee prices and related exchange traded note surged Friday after Brazil’s top grower warned it was running out of beans to fill any new orders.
Coffee prices and related exchange traded note surged Friday after Brazil's top grower warned it was running out of beans to fill any new orders. The iPath Series B Bloomberg Coffee Subindex Total Return ETN (JO) jumped 3.6% on Friday as ICE coffee futures advanced 3.0% to $9.57 per pound. “Funds are overselling coffee in New York while in the physical market there’s no more supplies and demand has been strong,” Lucio Dias, commercial director at Minas Gerais-based cooperative Cooxupe, told Bloomberg.
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.