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JO - Weakening El Nino Natural Gas And Coffee Prices
iPathA Series B Bloomberg Coffee Subindex Total Return ETN
In my report below, I comment about why El Nino should weaken and what it will take to see a hot US summer that would have to happen to jump-start natural gas prices. In addition, there is a frost scare for some Brazil coffee areas, but I do not believe it will be widespread enough to warrant a major move up in coffee prices from these levels.
The last two or three times we talked to you on SA, our biggest excitement with respect to a potential bull move in commodities was in the corn