This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Coffee Catches Bull Wave: Market Bits


NEW YORK ( TheStreet) -- The July coffee contract price was popping 2.4% to $2.8365 a pound and July cocoa was rising 0.6% to $3,074 a metric ton on supply concerns and political unrest, respectively.

Cocoa popped on violent power struggles in the world's biggest cocoa producing country, the Ivory Coast, while coffee took off on lower-than-expected exports from Uganda, the second-largest African exporter. The Uganda Coffee Development Authority has lowered its export figure by 16% to 2.6 million bags in the year ending Sept. 30 from the previously expected 3.1 million bags, due to drought.

PFG Best analyst Robin Rosenberg said recently that ICE exchange (InterContinental Exchange) coffee stocks remain at low levels. "In fact they have decreased twenty eight months in a row."

Shares of coffee chain Starbucks (SBUX - Get Report) were rising 0.8% to $36.04, roaster Peet's Coffee & Tea (PEET) was rising 1.2% to $47.17, K-Cup maker Green Mountain Coffee Roasters (GMCR - Get Report) was falling 1.5% to $65.82 and Maxwell House maker Kraft (KFT) was adding 0.4% to $32.28.

Candy company Hershey (HSY - Get Report) was rising 0.5% to $56.59.






Despite reports of weakening fundamental support, cotton caught the wave of the commodities upswing Wednesday, before retreating.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
COH $42.65 0.00%
GMCR $130.17 0.00%
HSY $102.55 0.00%
HBI $31.99 0.00%
SBUX $94.00 0.00%

Markets

DOW 18,203.37 -85.26 -0.47%
S&P 500 2,107.78 -9.61 -0.45%
NASDAQ 4,979.9010 -28.1950 -0.56%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs