The java bubble

[marmar]

SAN FRANCISCO (MarketWatch) -- Arabica coffee futures came off a nearly 13-year high on Monday, but traders say tight supplies are likely to keep prices of the better-quality bean elevated.

Coffee prices have increased 34% this year as recent crops from Colombia and countries in Central America were dogged by poor weather. Concerns about Brazil's upcoming crop also pulled in buyers.

As prices soar in the futures markets, U.S. coffee producers have been bracing for higher coffee purchase costs. Some have already increased their prices.

Demand for coffee, however, is generally seen as impervious to higher prices -- coffee drinkers usually only change their purchasing habits if prices rise significantly.

Coffee for December delivery, the most active contract, declined 2 cents, or 1%, to settle at $1.83 a pound on ICE Futures U.S. on Monday. Earlier, they rose to an intraday high of $1.89 a pound.

They settled at $1.85 a pound on Friday, the highest settlement since September 1997. Coffee prices hit a record in May 1997, when prices hit $3.18 a pound. ...........(more)

The complete piece is at: http://www.marketwatch.com/story/coffee-futures-at-13-year-high-jolt-producers-2010-08-23?dist=afterbell

[Commie Pinko Dirtbag]

1. Raise your hands if you thought this was about the programming language.

</geek>

[marmar]

2. LOL.....

nt

[UndertheOcean]

5. hands raised

[htuttle]

6. I was expecting another tiresome pro-PHP diatribe

[backscatter712]

11. I'll have you know I'm all about Ruby!!!

:evilgrin:

[Commie Pinko Dirtbag]

14. Heathens!

Python is where the One Truth is!

[Xipe Totec]

7. +1

What else could Java mean?

[nadinbrzezinski]

13. Meekly rises hand

now going back to my corner...

[HysteryDiagnosis]

3. Hate to say if but it's time for me to quit this stuff, love it as I may

I will do what needs to be done. Ain't good for my digestive tract methinks anyhoo.

[Hekate]

4. Coffee...coffee...coffee... must apply directly to veins in morning...

:donut: :loveya: :donut: :loveya: :donut: :loveya: :donut: :loveya: :donut:

Communication all in single syllables until coffee...

[marmar]

8. Agreed.....I can't function without it.

nt

[Commie Pinko Dirtbag]

9. Coffee. Apply directly to hole in head.

Coffee. Apply directly to hole in head.
Coffee. Apply directly to hole in head.
Coffee. Apply directly to hole in head.
Coffee. Apply directly to hole in head.
Coffee. Apply directly to hole in head.
Coffee. Apply directly to hole in head.
Coffee. Apply directly to hole in head.
Coffee. Apply directly to hole in head.

[Vehl]

10. Try English tea :)

ive only had coffee once in the past 5 years:P

[DavidDvorkin]

12. Tea, properly made,

Leaves coffee in the shade.

[Vehl]

15. indeed! nt