A way better investment than gold in 2014? Coffee America’s favorite energy source, crude oil, has had a rough year, with prices by the barrel falling off a cliff. But the nation’s second favorite energy source — sweet, sweet coffee — has seen prices jump and futures jolt about 50 percent this year, making it the best-performing commodity of 2014. Droughts that hit coffee belts and cattle ranches sent the price of beans and beef soaring: Bad news for drinkers and diners but great news for investors, according to data from financial-visualization service FinViz. (The benchmark contract for a heaping of coffee –37,500 pounds of Arabica beans – traded for about $1.68 a pound on Wednesday, up from about $1.20 at the start of the year, according to data from ICE Futures U.S., a commodity exchange.) washingtonpost/news/get-there/wp/2014/12/31/a-way-better-investment-than-gold-in-2014-coffee/
Posted on: Sat, 03 Jan 2015 21:44:28 +0000
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