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iPathA Series B Bloomberg Coffee Subindex Total Return ETN
The big bull weather markets of late have "shifted" from corn (CORN) and soybeans (SOYB) rallying on the wettest Midwest spring in close to 100 years to the coffee (JO) market. The recent USDA crop report, combined with a cool July for many Midwestern grain and natural gas regions, has taken the winds out of the grain market. Harvest activity should go uninterrupted in Kansas to Texas for wheat, while talk of hot, dry weather hurting wheat (WEAT) crops a week ago in Europe was totally nonsense by some