The Coffee Industry has benefitted from sliding prices in 2013. Arabica coffee for December delivery recently fell to a low of $1.1495 a pound, a four-year low. According to the Green Coffee Association, inventories of unroasted coffee in the U.S. totaled 5.56 million 60-kilogram (132-pound) bags in August, the highest seen since July 2009. Additionally, recent forecasts for rain in coffee growing areas of Brazil are expected to boost future crops, which farmers will begin harvesting in mid-2014.
Dunkin Brands Group Inc. (NASDAQ:DNKN - News) shares traded in the range of $45.11 to $46.34 Wednesday before settling to close at $45.89, a decrease of 0.69 percent. The stock appears to have some support at the $45.25, $45.00 and $44.70. Shares of Dunkin Brands Group have gained approximately 38.0 percent in 2013.
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Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR - News) shares traded in the range of $84.00 to $87.44 Wednesday before settling to close at $86.61, an increase of 0.88 percent. The stock appears to be facing some resistance at the $42.21 and $42.94 levels with some support at $41.83. Shares of Green Mountain have gained approximately 110.0 percent in 2013.
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Starbucks Corporation (NASDAQ:SBUX - News) shares traded in the range of $75.55 to $77.62 Wednesday before settling to close at $77.33, an increase of 1.70 percent. The stock appears to have some support at the $76.71, $75.71 and $74.26 levels. Shares of Starbucks have gained approximately 44.0 percent in 2013.
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Tim Hortons Inc. (NYSE:THI - News)(TSX:THI.TO - News) shares traded in the range of $57.27 to $58.34 Wednesday before settling to close at $57.71, an increase of 0.30 percent. The stock appears to be facing some resistance at the $58.36 and $59.49 levels with some support at $57.69. Shares of Tim Hortons have gained approximately 17.0 percent in 2013.
More information on Tim Hortons and access to the free equity report can be found at:
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