We will feel real pain at the pump before this market tops out.
Coffee is at a relatively low historic price relative to other commodities right now. Coffee is in the lower end of its range over the past 10 years.
It's panic buying by everyone. We possibly could hit 19 or even 20 cents in the first quarter (of 2006).
It's never been a supply market, it's been a demand market for at least the last year.
We're having one of our mildest winters, yet crude and products futures are rallying. There's a tremendous amount of speculative money going into energy futures.
Gas will be leading us out of this dull market. We see April and May as very strong markets for gas. We could see it test $2 or $2.10 a gallon.
Gasoline stocks are going to become tight. We're going to see May and June contracts above $2.
Gasoline at $2.50 a gallon isn't going to keep people from going on their spring and summer vacations.
The demand side of the equation is shifting, and in two or three years you can really see global demand change.
There's a tremendous amount of speculative money going into energy futures.
