NEW YORK/ LONDON, Aug 27- Arabica coffee futures on ICE briefly rose above $2 a lb on Wednesday, extending the prior session's rally on concerns about output in top grower Brazil, while cocoa fell after vaulting to the highest since May 2011 in a one-minute rally.» Read More
Fresh off posting quarterly earnings, Starbucks CEO Howard Schultz tells CNBC that his company "can do for tea what we've done for coffee."
Howard Schultz, Starbucks chairman & CEO, discusses his company's earnings and shares his thoughts on expanding its food product line. Schultz says his company's "secret sauce" is customization.
The "Squawk on the Street" news team break down the Q1 earnings of Starbucks and discuss the company's move into social mobile. Cramer also explains how Russia is threatening Visa's business.
The company posted fiscal second-quarter earnings of 56 cents per share on $3.87 billion in revenue.
The Futures Now team discusses the best way to play the rise in coffee futures.
NEW YORK/ LONDON, April 11- Arabica coffee futures on ICE turned lower for the first time in seven sessions on Friday, on forecasts for rain in top grower Brazil, but remained on track for their strongest weekly performance in seven weeks after surging to two-year highs.
*Cocoa has technical bounce after subdued grind data. LONDON, April 11- Arabica coffee futures on ICE hit a more than two-year high on Friday, underpinned by fears that a drought will cut top-grower Brazil's output. Cocoa futures rose in a technical correction after sinking on Thursday due to disappointing demand data.
*Coffee council pegs Brazil 2014 output down 4.5 pct y/y. NEW YORK/ LONDON, April 10- Arabica coffee hit a more than two-year high on Thursday on low crop forecasts amid renewed fears that a drought will severely cut top grower Brazil's output in the coming seasons.
LONDON, April 10- Arabica coffee hit a more than two-year high on Thursday, as fears that a drought could severely cut top grower Brazil's output in the coming seasons kept a recent rally intact.
NEW YORK, April 9- U.S. retail and institutional investors pulled cash from broad commodity exchange-traded funds for a fifth straight quarter even as coffee, natural gas and hogs prices had their best run in years, data from Thomson Reuters Lipper showed on Wednesday.
NEW YORK/ LONDON, April 8- ICE arabica coffee climbed on Tuesday, extending gains seen since late last week, as dry weather forecasts for Brazil exacerbated worries over crop damage in the world's top producer.
Cocoa prices were firm ahead of the latest quarterly grind data, while sugar was higher. Arabica coffee prices hovered near a two-year high of $2.0755 per lb hit on March 11, underpinned by concern that rainfall at the end of top grower Brazil's wet season came too little too late after drought in January and February.
What's old is new again at Starbucks as the chain brings back some fan favorites it had axed from the menu.
*Corn, wheat, soy all up double digits. NEW YORK, March 31- Commodities had the best quarter in 18 months as trading for March ended on Monday, with weather and economic growth likely to determine if gas, gold, grains, lean hogs and coffee continue going higher and draw money into the space.
Not all coffee is created equally, which means it matters where you go if you are looking for a pick-me-up.
Dominic Schnider, Head of Nontraditional Asset Classes at UBS Wealth Management, explains why the coffee market is going from a surplus to a deficit.
*Indonesia coffee fetches high premiums on crop concerns. LONDON, March 20- Arabica coffee futures on ICE fell sharply on Thursday from last week's two-year high as rains in Brazil raised the possibility that drought-driven crop losses may not be as severe as feared.
CNBC's Jim Cramer discusses plans for Starbucks to launch "Oprah Chai," a tea-based drink developed by Oprah Winfrey. The drink will be sold at Starbucks and Teavana stores.
NEW YORK/ LONDON, March 19- Arabica coffee futures on ICE tumbled 3 percent on Wednesday, sinking further from last week's two-year high as forecasts for much-needed rain in top grower Brazil attracted investor selling, while raw sugar consolidated higher.
CNBC's Jim Cramer talks with Howard Schultz, founder, chairman, president and CEO of Starbucks, about how his company plans to remain relevant as consumers become more tech savvy.