Friday, February 15, 2008

Craving Coffee, Costly Cocoa

Cocoa and coffee are among the hottest commodities. Prices have continued steadily higher over the past several weeks, and show no signs of any price abatement anytime soon. These two charts of the daily price action for cocoa (top) and coffee (bottom) show a steady and unaltered bullish trend in prices for the two commodities that began in late October of last year!

Cocoa

Coffee