|Day's Range||98.30 - 100.75|
Bearish bets have driven coffee futures down more than 17 percent since the start of the year. Rival breakfast item orange juice has made surprise gains heading into the fall, as futures surged more than 14 percent since the start of the year, making it one of the best performing commodities. Bearish bets have driven coffee futures down more than 17 percent since the start of the year, bringing the price close to a five-year low.
Los Angeles-based The Coffee Bean and Tea Leaf plans to open 100 franchise locations in New York. Commercial rents are finally starting to drop in New York, opening the doors for restaurants and retailers to fill a glut of vacant spaces. One coffee company is about to set up shop in New York, entering the city with an aggressive growth strategy at a time when others are scaling back.
By Herbert Lash NEW YORK (Reuters) - The dollar rose to fresh 2018 highs on Monday while oil prices climbed to their highest since late 2014, driven by declining Venezuelan crude production and worries the United States could re-impose sanctions on Iran. The crude surge lifted energy stocks in Europe and on Wall Street, with European shares supported by strong results and gains in Nestle after the Swiss company agreed to pay $7.15 billion to Starbucks in a global coffee alliance. Investors increased bets that rising U.S. interest rates would continue to boost the dollar, while traders unwound their bearish positions on the greenback.
JAB Holding, which bought Panera Bread and Au Bon Pain, is expanding its coffee empire with an investment in online craft coffee retailer Trade.
Trading coffee can be lucrative and beneficial for investors and traders. While some use Cofee futures and options to hedge their commodity and assets, others speculate coffee prices. In this article, you will learn all you need to know about Coffee trading.
Around 64% of Americans drink a daily cup of coffee, while 11% drinks four cups or more. This makes coffee not only one of America’s favorite beverages but also the preferred fuel for getting the day started. For those Americans … Continue reading → The post Best Cities for Coffee Fanatics – 2018 Edition appeared first on SmartAsset Blog.
Growth in the number of U.S. coffee shops is slowing as ready-to-drink coffee sales get hotter, according to a Mintel report.