Coffee and sugar prices spiked Monday as dry weather in Brazil has raised supply concerns. Raw sugar for May delivery settled at 17.68 cents a pound Monday, the highest since Nov.18th, while Arabica coffee for May delivery settle at $1.7635 a pound, the highest since Oct.3rd. The first two months of 2014 have the driest in over 30 years, according to Somar Meteorologia. Here is how some coffee stocks reacted Monday:
Dunkin Brands Group Inc. (NASDAQ: DNKN) shares traded in the range of $49.96 to $50.65 Monday before settling to close at $50.59, an increase of 1.14 percent. The stock appears to have some support at the $50.28, $49.46 and $48.96 levels. Shares of Dunkin Brands Group have gained approximately 5.0 percent year-to-date.
More information on Dunkin Brands Group and access to the free equity report can be found at:
Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) shares traded in the range of $121.07 to $123.56 Monday before settling to close at $121.49, a decrease of 1.26 percent. The stock appears to be facing some resistance at $126.57 with some support at the $120.77 and $99.02 levels. Shares of Green Mountain have gained approximately 60.0 percent year-to-date.
More information on Green Mountain and access to the free equity report can be found at:
Coffee Holding Co., Inc. (NASDAQ: JVA) shares traded in the range of $6.24 to $6.51 Monday before settling to close at $6.47, an increase of 3.35 percent. The stock appears to have some support at the $6.40, $6.28 and $5.80 levels. Shares of the Coffee Holding Co. have gained approximately 27.0 percent year-to-date.
More information on Coffee Holding Co. and access to the free equity report can be found at:
Starbucks Corporation (NASDAQ: SBUX) shares traded in the range of $72.02 to $72.88 Monday before settling to close at $72.56 a share on volume of 5.98 million. The stock appears to be facing some resistance at the $73.63 and $75.40 levels with some support at $68.97. Shares of Starbucks have fallen approximately 7.0 percent year-to-date.
More information on Starbucks and access to the free equity report can be found at:
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